Teradyne, Inc. (NASDAQ:TER) Receives $125.85 Consensus Target Price from Analysts

Teradyne, Inc. (NASDAQ:TER) has been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $125.85.

A number of research firms recently weighed in on TER. Cantor Fitzgerald restated a “neutral” rating and set a $110.00 target price on shares of Teradyne in a research note on Thursday, April 25th. Susquehanna increased their target price on Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. UBS Group lifted their price objective on shares of Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Evercore ISI assumed coverage on Teradyne in a research note on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price target for the company. Finally, KeyCorp lifted their price objective on Teradyne from $140.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 21st.

Teradyne Stock Performance

NASDAQ:TER opened at $148.29 on Friday. The stock has a 50-day simple moving average of $134.08 and a two-hundred day simple moving average of $115.02. Teradyne has a 52-week low of $81.07 and a 52-week high of $152.23. The firm has a market capitalization of $23.15 billion, a PE ratio of 56.38, a P/E/G ratio of 2.78 and a beta of 1.51.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The company had revenue of $599.82 million during the quarter, compared to the consensus estimate of $566.31 million. During the same period in the previous year, the company posted $0.55 EPS. The firm’s revenue was down 2.9% on a year-over-year basis. Equities analysts forecast that Teradyne will post 3.04 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend was Tuesday, May 21st. Teradyne’s dividend payout ratio is currently 18.25%.

Insider Buying and Selling at Teradyne

In other news, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the sale, the chief financial officer now directly owns 41,902 shares in the company, valued at $5,030,754.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Sanjay Mehta sold 3,750 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the transaction, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $121.20, for a total value of $75,750.00. Following the completion of the sale, the director now owns 17,142 shares of the company’s stock, valued at approximately $2,077,610.40. The disclosure for this sale can be found here. Insiders have sold 10,005 shares of company stock valued at $1,304,763 in the last quarter. 0.36% of the stock is owned by insiders.

Institutional Trading of Teradyne

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Advisors LLC bought a new stake in Teradyne during the first quarter valued at about $427,000. Cetera Investment Advisers boosted its holdings in shares of Teradyne by 161.6% in the 1st quarter. Cetera Investment Advisers now owns 19,075 shares of the company’s stock valued at $2,152,000 after buying an additional 11,782 shares in the last quarter. PGGM Investments grew its position in shares of Teradyne by 1.5% in the 1st quarter. PGGM Investments now owns 37,450 shares of the company’s stock worth $4,225,000 after buying an additional 550 shares during the last quarter. Swedbank AB bought a new position in shares of Teradyne during the 1st quarter worth approximately $24,226,000. Finally, LRI Investments LLC purchased a new stake in Teradyne during the first quarter valued at approximately $68,000. 99.77% of the stock is currently owned by institutional investors.

About Teradyne

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.