Teradyne, Inc. (NASDAQ:TER) Given Average Recommendation of “Moderate Buy” by Analysts

Teradyne, Inc. (NASDAQ:TER) has been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $142.62.

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus dropped their price objective on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a research note on Friday, August 16th. Evercore ISI boosted their price objective on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Northland Securities cut their target price on Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a report on Friday, October 25th. Finally, Craig Hallum decreased their price target on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th.

Insiders Place Their Bets

In other news, insider Richard John Burns sold 789 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the sale, the insider now owns 21,864 shares in the company, valued at $2,903,539.20. This trade represents a 3.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at $10,896,080. This represents a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,199 shares of company stock valued at $1,080,634. Insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Teradyne

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blair William & Co. IL boosted its position in shares of Teradyne by 0.6% in the first quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock valued at $1,693,000 after acquiring an additional 83 shares during the period. Vanguard Group Inc. grew its position in shares of Teradyne by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock valued at $2,078,462,000 after purchasing an additional 135,286 shares in the last quarter. Covestor Ltd increased its holdings in shares of Teradyne by 10.2% in the first quarter. Covestor Ltd now owns 1,162 shares of the company’s stock worth $131,000 after purchasing an additional 108 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of Teradyne by 17.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 6,215 shares of the company’s stock worth $701,000 after buying an additional 942 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in Teradyne by 17.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock valued at $37,887,000 after buying an additional 50,156 shares during the period. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Up 2.3 %

Shares of NASDAQ:TER opened at $110.67 on Tuesday. The business has a fifty day simple moving average of $119.65 and a 200 day simple moving average of $131.62. Teradyne has a 12-month low of $90.24 and a 12-month high of $163.21. The firm has a market cap of $18.02 billion, a P/E ratio of 35.13, a P/E/G ratio of 2.34 and a beta of 1.52.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The company had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. As a group, equities research analysts expect that Teradyne will post 3.17 EPS for the current year.

Teradyne announced that its Board of Directors has approved a share buyback plan on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. Teradyne’s payout ratio is presently 15.24%.

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.