Cowen Analysts Give Teradyne (TER) a $36.00 Price Target

Cowen set a $36.00 target price on Teradyne (NYSE:TER) in a research report report published on Wednesday morning. The brokerage currently has a hold rating on the semiconductor company’s stock.

TER has been the subject of a number of other research reports. Citigroup decreased their target price on Teradyne from $51.00 to $47.00 and set a buy rating for the company in a report on Tuesday, September 25th. ValuEngine downgraded Teradyne from a buy rating to a hold rating in a report on Wednesday, August 15th. Goldman Sachs Group downgraded Teradyne from a buy rating to a neutral rating in a report on Thursday, October 18th. Craig Hallum raised Teradyne from a hold rating to a buy rating in a report on Thursday. Finally, Zacks Investment Research raised Teradyne from a strong sell rating to a hold rating in a report on Thursday, June 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. Teradyne currently has an average rating of Hold and a consensus price target of $45.50.

Shares of Teradyne stock traded down $0.44 on Wednesday, reaching $32.35. 5,828,502 shares of the stock were exchanged, compared to its average volume of 3,414,159. The company has a quick ratio of 3.89, a current ratio of 4.10 and a debt-to-equity ratio of 0.23. Teradyne has a twelve month low of $30.22 and a twelve month high of $50.68. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 1.64 and a beta of 1.28.



Teradyne (NYSE:TER) last released its earnings results on Tuesday, October 23rd. The semiconductor company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.08. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. The firm had revenue of $566.90 million during the quarter, compared to the consensus estimate of $556.87 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue was up 12.6% compared to the same quarter last year. Research analysts anticipate that Teradyne will post 2.25 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Wednesday, September 5th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.11%. The ex-dividend date was Tuesday, September 4th. Teradyne’s dividend payout ratio is currently 15.38%.

A number of hedge funds have recently made changes to their positions in the stock. Vulcan Value Partners LLC purchased a new position in Teradyne during the second quarter valued at approximately $160,491,000. Macquarie Group Ltd. increased its position in shares of Teradyne by 1.9% in the second quarter. Macquarie Group Ltd. now owns 2,587,522 shares of the semiconductor company’s stock valued at $98,507,000 after buying an additional 49,232 shares in the last quarter. Senator Investment Group LP purchased a new stake in shares of Teradyne in the second quarter valued at approximately $89,655,000. Columbus Circle Investors increased its position in shares of Teradyne by 42.8% in the second quarter. Columbus Circle Investors now owns 1,535,739 shares of the semiconductor company’s stock valued at $58,466,000 after buying an additional 460,339 shares in the last quarter. Finally, ARK Investment Management LLC increased its position in shares of Teradyne by 176.2% in the second quarter. ARK Investment Management LLC now owns 1,464,955 shares of the semiconductor company’s stock valued at $55,771,000 after buying an additional 934,612 shares in the last quarter.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.

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Analyst Recommendations for Teradyne (NYSE:TER)

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