Teradyne Stock Rating Reaffirmed by Cowen and Company (TER)
Teradyne (NYSE:TER)‘s stock had its “outperform” rating restated by equities researchers at Cowen and Company in a research report issued on Thursday, AnalystRatings.NET reports.
TER has been the subject of a number of other recent research reports. Analysts at Susquehanna raised their price target on shares of Teradyne from $22.00 to $23.00 in a research note to investors on Thursday. Separately, analysts at Sidoti downgraded shares of Teradyne from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 17th. Finally, analysts at Pacific Crest upgraded shares of Teradyne from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday, January 15th. They now have a $23.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $20.50.
Shares of Teradyne (NYSE:TER) opened at 19.58 on Thursday. Teradyne has a 1-year low of $14.05 and a 1-year high of $19.96. The stock’s 50-day moving average is $17.61 and its 200-day moving average is $16.90. The company has a market cap of $3.752 billion and a price-to-earnings ratio of 36.60.
Teradyne (NYSE:TER) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The company had revenue of $285.00 million for the quarter, compared to the consensus estimate of $275.30 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. Analysts expect that Teradyne will post $1.03 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 2nd. Stockholders of record on Friday, May 9th will be given a dividend of 0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.23%.
Teradyne, Inc is a supplier of automatic test equipment. The Company designs, develops, manufactures and sells automatic test systems and solutions used to test semiconductors, wireless products, hard disk drives and circuit boards in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries.
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