Teradyne, Inc. (NASDAQ:TER) Receives $143.77 Consensus PT from Analysts

Teradyne, Inc. (NASDAQ:TER) has been assigned an average rating of “Moderate Buy” from the fourteen analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $143.77.

Several analysts recently issued reports on TER shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $160.00 price target on shares of Teradyne in a report on Thursday, January 30th. KeyCorp cut their price target on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Susquehanna upped their price target on shares of Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. cut their price target on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, Morgan Stanley cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $121.00 to $117.00 in a report on Tuesday, January 21st.

Teradyne Trading Down 3.7 %

NASDAQ TER opened at $105.78 on Thursday. The company’s fifty day simple moving average is $123.06 and its 200-day simple moving average is $122.44. Teradyne has a 52 week low of $95.80 and a 52 week high of $163.21. The stock has a market cap of $17.11 billion, a P/E ratio of 31.77, a PEG ratio of 2.83 and a beta of 1.45.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. On average, research analysts expect that Teradyne will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.45%. Teradyne’s dividend payout ratio is currently 14.41%.

Teradyne declared that its board has approved a stock repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 0.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Richard John Burns sold 445 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $49,613.05. Following the completion of the transaction, the insider now owns 25,191 shares of the company’s stock, valued at $2,808,544.59. This represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,479 shares of company stock worth $1,013,134. Insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Performance Advisors LLP bought a new position in Teradyne in the 3rd quarter valued at about $29,000. Compass Financial Services Inc bought a new position in Teradyne in the 4th quarter valued at about $33,000. Strategic Investment Solutions Inc. IL bought a new position in Teradyne in the 4th quarter valued at about $34,000. AllSquare Wealth Management LLC grew its position in Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock valued at $38,000 after buying an additional 200 shares in the last quarter. Finally, Manchester Capital Management LLC grew its position in Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after buying an additional 227 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

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.