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

Shares of Teradyne, Inc. (NASDAQ:TER) have received an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $396.80.

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $550.00 price target on shares of Teradyne in a report on Wednesday, July 29th. UBS Group raised their price objective on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Wall Street Zen lowered shares of Teradyne from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $465.00 target price on shares of Teradyne in a research report on Tuesday, July 28th.

Insider Transactions at Teradyne

In other news, CEO Gregory Smith sold 4,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the transaction, the chief executive officer directly owned 112,495 shares in the company, valued at approximately $47,810,375. This represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by company insiders.

Institutional Trading of Teradyne

Hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC lifted its holdings in shares of Teradyne by 12.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after acquiring an additional 468 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Teradyne during the 1st quarter valued at $297,000. Cresset Asset Management LLC raised its position in Teradyne by 11.6% in the 2nd quarter. Cresset Asset Management LLC now owns 6,759 shares of the company’s stock worth $608,000 after purchasing an additional 702 shares during the period. NewEdge Advisors LLC raised its position in Teradyne by 467.1% in the 2nd quarter. NewEdge Advisors LLC now owns 3,408 shares of the company’s stock worth $306,000 after purchasing an additional 2,807 shares during the period. Finally, Treasurer of the State of North Carolina lifted its stake in Teradyne by 5.1% in the second quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company’s stock worth $6,755,000 after purchasing an additional 3,651 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of TER opened at $357.03 on Monday. The firm has a market cap of $55.82 billion, a PE ratio of 48.98, a price-to-earnings-growth ratio of 0.72 and a beta of 1.78. Teradyne has a 52-week low of $109.56 and a 52-week high of $487.91. The business’s 50 day moving average price is $370.59 and its two-hundred day moving average price is $358.35.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The business’s revenue was up 103.9% on a year-over-year basis. Research analysts predict that Teradyne will post 9.1 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. Teradyne’s dividend payout ratio (DPR) is presently 7.13%.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.