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

Shares of Teradyne, Inc. (NASDAQ:TER) have been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $147.25.

Several equities analysts recently weighed in on TER shares. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $145.00 to $158.00 in a research report on Monday. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Northland Securities lowered their target price on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a report on Friday, October 25th. Craig Hallum dropped their price target on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Finally, Stifel Nicolaus lowered their price objective on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, October 25th.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $409,024.00. Following the completion of the transaction, the chief executive officer now directly owns 80,736 shares in the company, valued at $10,721,740.80. This represents a 3.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard John Burns sold 789 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the sale, the insider now owns 21,864 shares in the company, valued at $2,903,539.20. The trade was a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,494 shares of company stock worth $596,803. 0.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TER. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Teradyne by 23.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,122 shares of the company’s stock valued at $1,501,000 after purchasing an additional 1,946 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in shares of Teradyne by 17.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 8,693 shares of the company’s stock worth $1,289,000 after buying an additional 1,313 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Teradyne by 295.7% in the 2nd quarter. Blue Trust Inc. now owns 554 shares of the company’s stock worth $82,000 after acquiring an additional 414 shares during the period. Raymond James & Associates boosted its holdings in shares of Teradyne by 1.7% in the second quarter. Raymond James & Associates now owns 487,682 shares of the company’s stock valued at $72,318,000 after acquiring an additional 8,328 shares in the last quarter. Finally, Marshall Financial Group LLC increased its stake in shares of Teradyne by 5.1% during the second quarter. Marshall Financial Group LLC now owns 9,572 shares of the company’s stock valued at $1,419,000 after acquiring an additional 464 shares during the period. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

TER opened at $123.77 on Friday. The company has a market cap of $20.16 billion, a price-to-earnings ratio of 39.29, a PEG ratio of 2.66 and a beta of 1.51. Teradyne has a one year low of $92.29 and a one year high of $163.21. The business’s fifty day moving average is $115.02 and its two-hundred day moving average is $129.34.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The business had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the company posted $0.80 EPS. On average, analysts predict that Teradyne will post 3.17 EPS for the current fiscal year.

Teradyne declared that its board has approved a share repurchase program on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 0.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Monday, November 25th. Teradyne’s dividend payout ratio is currently 15.24%.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.