Teradyne, Inc. (NASDAQ:TER) Receives $150.33 Consensus Target Price from Analysts

Shares of Teradyne, Inc. (NASDAQ:TER) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $150.33.

TER has been the topic of a number of research reports. Craig Hallum cut their price objective on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Robert W. Baird cut their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Stifel Nicolaus decreased their price objective on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. Evercore ISI upped their target price on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, Northland Securities upgraded Teradyne from a “market perform” rating to an “outperform” rating and raised their price target for the company from $117.00 to $154.00 in a research note on Monday, January 6th.

Teradyne Trading Down 2.2 %

TER stock opened at $134.17 on Wednesday. The stock has a 50-day moving average price of $118.51 and a two-hundred day moving average price of $127.42. Teradyne has a 1 year low of $92.29 and a 1 year high of $163.21. The stock has a market cap of $21.85 billion, a PE ratio of 42.59, a price-to-earnings-growth ratio of 2.66 and a beta of 1.46.

Teradyne (NASDAQ:TER) last announced its earnings results 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. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. During the same quarter last year, the firm earned $0.80 EPS. Teradyne’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, analysts forecast that Teradyne will post 3.17 earnings per share for the current fiscal year.

Teradyne declared that its board has authorized a stock buyback plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Monday, November 25th. Teradyne’s payout ratio is 15.24%.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s 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 transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC bought a new stake in shares of Teradyne in the second quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new stake in shares of Teradyne during the 3rd quarter valued at $29,000. Quarry LP grew its holdings in shares of Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after purchasing an additional 169 shares in the last quarter. Coastline Trust Co bought a new position in shares of Teradyne in the third quarter worth $46,000. Finally, Brooklyn Investment Group bought a new position in shares of Teradyne in the third quarter worth $52,000. Institutional investors and hedge funds 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.