Teradyne, Inc. (NASDAQ:TER) Receives $138.93 Average PT from Analysts

Teradyne, Inc. (NASDAQ:TER) has been assigned a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $142.14.

TER has been the topic of several research reports. Northland Securities cut Teradyne from an “outperform” rating to a “market perform” rating and set a $136.00 target price on the stock. in a report on Thursday, July 18th. Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Citigroup lifted their target price on Teradyne from $112.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 15th. UBS Group lifted their target price on Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Finally, KeyCorp lifted their price target on Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th.

Teradyne Stock Down 1.4 %

NASDAQ:TER opened at $152.27 on Wednesday. The business’s 50-day simple moving average is $146.85 and its two-hundred day simple moving average is $120.91. The stock has a market cap of $23.77 billion, a PE ratio of 57.90, a P/E/G ratio of 2.90 and a beta of 1.50. Teradyne has a 52 week low of $81.07 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. The business had revenue of $599.82 million for the quarter, compared to analysts’ expectations of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.55 earnings per share. Sell-side analysts anticipate that Teradyne will post 3.05 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

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

Insider Activity at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was 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 in the company, valued at $2,077,610.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Sanjay Mehta sold 3,750 shares of the business’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 value of $450,225.00. Following the completion of the transaction, the chief financial officer now owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $121.20, for a total transaction of $75,750.00. Following the completion of the transaction, the director now directly 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. Over the last quarter, insiders sold 10,005 shares of company stock worth $1,304,763. Company insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Teradyne by 0.7% in the first quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock worth $2,078,462,000 after buying an additional 135,286 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Teradyne by 10.4% during the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock worth $543,278,000 after purchasing an additional 453,926 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Teradyne by 14.6% during the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock worth $342,178,000 after purchasing an additional 385,115 shares in the last quarter. Boston Partners increased its position in shares of Teradyne by 23.2% during the fourth quarter. Boston Partners now owns 2,896,349 shares of the company’s stock worth $314,324,000 after purchasing an additional 544,482 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Teradyne by 3.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,182,136 shares of the company’s stock worth $246,210,000 after purchasing an additional 68,924 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

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.