Teradyne, Inc. (NASDAQ:TER) Receives Average Recommendation of “Buy” from Brokerages

Shares of Teradyne, Inc. (NASDAQ:TER) have been given an average recommendation of “Buy” by the seventeen brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $166.00.

A number of equities analysts have weighed in on the stock. DA Davidson raised shares of Teradyne from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $135.00 to $140.00 in a research note on Thursday, October 7th. Loop Capital initiated coverage on shares of Teradyne in a research note on Thursday. They set a “buy” rating and a $202.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their target price on shares of Teradyne from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, December 15th. Bank of America upped their target price on shares of Teradyne from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, January 10th. Finally, Zacks Investment Research cut shares of Teradyne from a “buy” rating to a “hold” rating and set a $144.00 price target for the company. in a report on Friday, October 29th.

In other news, CEO Mark E. Jagiela sold 29,878 shares of the stock in a transaction dated Thursday, October 28th. The shares were sold at an average price of $136.15, for a total value of $4,067,889.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sanjay Mehta sold 1,738 shares of the stock in a transaction dated Wednesday, November 3rd. The shares were sold at an average price of $140.00, for a total transaction of $243,320.00. The disclosure for this sale can be found here. Insiders sold 40,465 shares of company stock worth $5,658,186 over the last three months. Insiders own 0.36% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC grew its stake in Teradyne by 93.0% during the second quarter. Manchester Capital Management LLC now owns 193 shares of the company’s stock worth $26,000 after buying an additional 93 shares in the last quarter. Liberty Wealth Management LLC grew its stake in Teradyne by 571.1% during the third quarter. Liberty Wealth Management LLC now owns 255 shares of the company’s stock worth $33,000 after buying an additional 217 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Teradyne during the third quarter worth about $56,000. Berman Capital Advisors LLC grew its stake in Teradyne by 84.0% during the second quarter. Berman Capital Advisors LLC now owns 565 shares of the company’s stock worth $75,000 after buying an additional 258 shares in the last quarter. Finally, PFG Private Wealth Management LLC acquired a new stake in shares of Teradyne in the 3rd quarter valued at approximately $68,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:TER opened at $164.57 on Friday. The firm has a market capitalization of $26.83 billion, a P/E ratio of 30.99, a price-to-earnings-growth ratio of 1.72 and a beta of 1.38. The firm has a fifty day moving average of $156.10 and a two-hundred day moving average of $133.54. The company has a quick ratio of 3.05, a current ratio of 3.35 and a debt-to-equity ratio of 0.04. Teradyne has a 12-month low of $104.05 and a 12-month high of $168.91.

Teradyne (NASDAQ:TER) last announced its earnings results on Tuesday, October 26th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.43 by $0.16. The firm had revenue of $950.50 million for the quarter, compared to the consensus estimate of $932.86 million. Teradyne had a net margin of 27.59% and a return on equity of 42.06%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 EPS. Equities research analysts expect that Teradyne will post 5.89 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 17th. Stockholders of record on Wednesday, November 24th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Tuesday, November 23rd. Teradyne’s payout ratio is presently 7.53%.

About Teradyne

Teradyne, Inc engages in the development and sale of self automatic test systems. It operates through the following segments: Semiconductor Test, Industrial Automation, System Test, and Wireless Test. The Semiconductor Test segment designs, manufactures, and markets semiconductor test products and services.

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Analyst Recommendations for Teradyne (NASDAQ:TER)

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