Teradyne, Inc. (NASDAQ:TER) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Teradyne, Inc. (NASDAQ:TER) have been given an average rating of “Moderate Buy” by the seventeen analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $121.44.

Several research analysts recently commented on TER shares. Vertical Research assumed coverage on shares of Teradyne in a report on Friday, March 7th. They issued a “buy” rating and a $135.00 target price on the stock. TD Cowen dropped their price objective on Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Citigroup cut their price objective on Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Cantor Fitzgerald lowered their target price on Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Finally, Susquehanna cut their price target on Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a report on Wednesday, March 12th.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $82.78 on Monday. The stock has a market capitalization of $13.39 billion, a P/E ratio of 24.86, a P/E/G ratio of 2.83 and a beta of 1.46. The business has a 50-day moving average of $107.90 and a two-hundred day moving average of $117.48. Teradyne has a fifty-two week low of $82.47 and a fifty-two week high of $163.21.

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

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a $0.12 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.58%. Teradyne’s payout ratio is presently 14.41%.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at $9,705,800. This trade represents a 3.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Ryan Driscoll sold 437 shares of Teradyne stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $44,574.00. Following the completion of the transaction, the vice president now owns 4,312 shares of the company’s stock, valued at approximately $439,824. The trade was a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock worth $1,013,134 over the last three months. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Teradyne

A number of hedge funds and other institutional investors have recently made changes to their positions in TER. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Teradyne in the 3rd quarter valued at about $2,221,000. Van ECK Associates Corp increased its holdings in shares of Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after purchasing an additional 1,846,079 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Teradyne in the 4th quarter worth approximately $12,118,000. Cerity Partners LLC raised its position in Teradyne by 87.1% in the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after purchasing an additional 5,294 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in Teradyne by 17.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock worth $10,325,000 after buying an additional 11,541 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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.