Teradyne (NYSE:TER) Given New $70.00 Price Target at Cowen

Teradyne (NYSE:TER) had its price objective lifted by Cowen from $64.00 to $70.00 in a research report report published on Friday, Briefing.com Automated Import reports. Cowen currently has an outperform rating on the semiconductor company’s stock.

A number of other equities analysts have also commented on the company. DA Davidson lifted their price objective on Teradyne to $60.00 and gave the stock a neutral rating in a research note on Friday, October 25th. They noted that the move was a valuation call. Citigroup upped their target price on shares of Teradyne from $66.00 to $73.00 and gave the company a buy rating in a research report on Friday, October 25th. KeyCorp upped their target price on shares of Teradyne from $68.00 to $93.00 and gave the company an overweight rating in a research report on Friday. Credit Suisse Group upped their target price on shares of Teradyne from $62.00 to $75.00 and gave the company a neutral rating in a research report on Friday. They noted that the move was a valuation call. Finally, Stifel Nicolaus reiterated a hold rating and set a $55.00 target price on shares of Teradyne in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $71.58.

Shares of Teradyne stock traded down $4.11 during midday trading on Friday, hitting $72.10. The company’s stock had a trading volume of 5,661,616 shares, compared to its average volume of 2,983,063. The firm has a market capitalization of $12.08 billion, a P/E ratio of 30.81, a PEG ratio of 2.02 and a beta of 1.25. The stock has a 50-day simple moving average of $68.52 and a 200-day simple moving average of $59.95. The company has a quick ratio of 3.76, a current ratio of 4.10 and a debt-to-equity ratio of 0.23. Teradyne has a 1-year low of $35.28 and a 1-year high of $81.57.

Teradyne (NYSE:TER) last issued its earnings results on Wednesday, January 22nd. The semiconductor company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.09. The business had revenue of $654.70 million during the quarter, compared to analysts’ expectations of $611.95 million. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. Teradyne’s revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 earnings per share. As a group, sell-side analysts predict that Teradyne will post 2.25 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. This is an increase from Teradyne’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, February 20th. Teradyne’s dividend payout ratio is currently 15.38%.

In related news, Director Michael A. Bradley sold 7,074 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $64.30, for a total value of $454,858.20. Following the completion of the sale, the director now directly owns 40,520 shares in the company, valued at approximately $2,605,436. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider King Wallace 362,138 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. Company insiders own 0.49% of the company’s stock.

Large investors have recently modified their holdings of the stock. Savior LLC acquired a new stake in Teradyne in the 4th quarter valued at about $26,000. FNY Investment Advisers LLC lifted its stake in Teradyne by 63.6% in the 4th quarter. FNY Investment Advisers LLC now owns 625 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 243 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Teradyne by 35.9% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,063 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 281 shares during the last quarter. Smithfield Trust Co. lifted its stake in Teradyne by 1,670.6% in the 3rd quarter. Smithfield Trust Co. now owns 1,505 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 1,420 shares during the last quarter. Finally, Huntington National Bank acquired a new stake in Teradyne in the 4th quarter valued at about $106,000.

About Teradyne

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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