Teradyne Receives Consensus Recommendation of “Buy” from Analysts (NYSE:TER)
Shares of Teradyne (NYSE:TER) have been given a consensus rating of “Buy” by the thirteen ratings firms that are currently covering the stock, Analyst RN reports. Two equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $22.18.
A number of research firms have recently commented on TER. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Teradyne in a research note on Tuesday. They now have a $23.50 price target on the stock, up previously from $22.00. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Teradyne in a research note on Friday, July 25th. They now have a $19.50 price target on the stock, up previously from $19.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Teradyne in a research note on Thursday, July 24th. They now have a $20.00 price target on the stock.
In other Teradyne news, Director Michael A. Bradley sold 39,024 shares of the stock on the open market in a transaction dated Friday, August 29th. The shares were sold at an average price of $20.52, for a total value of $800,772.48. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Teradyne (NYSE:TER) traded up 0.10% during mid-day trading on Wednesday, hitting $20.53. The stock had a trading volume of 258,372 shares. Teradyne has a 52 week low of $15.30 and a 52 week high of $20.81. The stock’s 50-day moving average is $19.28 and its 200-day moving average is $19.1. The company has a market cap of $4.202 billion and a P/E ratio of 24.47. Teradyne also saw a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 19,363,705 shares, a decline of 16.9% from the July 31st total of 23,314,289 shares. Based on an average trading volume of 2,296,458 shares, the days-to-cover ratio is currently 8.4 days. Approximately 10.0% of the shares of the company are sold short.
Teradyne (NYSE:TER) last announced its earnings results on Wednesday, July 23rd. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.12. The company had revenue of $525.60 million for the quarter, compared to the consensus estimate of $479.51 million. During the same quarter last year, the company posted $0.43 earnings per share. Teradyne’s revenue was up 22.5% compared to the same quarter last year. On average, analysts predict that Teradyne will post $1.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Investors of record on Friday, September 5th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, September 3rd.
Teradyne, Inc (NYSE:TER) is a supplier of automatic test equipment.
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