Teradyne Inc. (TER) Given Consensus Recommendation of “Buy” by Brokerages
Teradyne Inc. (NYSE:TER) has been assigned a consensus rating of “Buy” from the thirteen analysts that are covering the company. Six equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $22.94.
A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus cut Teradyne from a “buy” rating to a “hold” rating in a research note on Wednesday, July 20th. They noted that the move was a valuation call. Zacks Investment Research raised Teradyne from a “sell” rating to a “hold” rating in a research note on Wednesday, September 28th. Craig Hallum raised Teradyne from a “hold” rating to a “buy” rating in a report on Thursday, August 25th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $20.50 price target on shares of Teradyne in a report on Friday, July 29th. Finally, DA Davidson lifted their price target on Teradyne from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, July 29th.
In other Teradyne news, Director Michael A. Bradley sold 31,502 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $21.19, for a total transaction of $667,527.38. Following the transaction, the director now owns 171,223 shares in the company, valued at approximately $3,628,215.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael A. Bradley sold 64,650 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $20.93, for a total value of $1,353,124.50. Following the transaction, the director now owns 224,371 shares in the company, valued at approximately $4,696,085.03. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate insiders.
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A number of institutional investors have recently added to or reduced their stakes in the company. MSI Financial Services Inc boosted its position in Teradyne by 15,261.7% in the third quarter. MSI Financial Services Inc now owns 23,657 shares of the company’s stock valued at $511,000 after buying an additional 23,503 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in Teradyne by 1.3% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 553,384 shares of the company’s stock valued at $11,942,000 after buying an additional 7,162 shares during the last quarter. Beutel Goodman & Co Ltd. acquired a new position in Teradyne during the third quarter valued at about $101,230,000. Oregon Public Employees Retirement Fund boosted its position in Teradyne by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 70,628 shares of the company’s stock valued at $1,524,000 after buying an additional 1,400 shares during the last quarter. Finally, Cutler Group LP boosted its position in Teradyne by 374.3% in the third quarter. Cutler Group LP now owns 25,343 shares of the company’s stock valued at $546,000 after buying an additional 20,000 shares during the last quarter. Institutional investors own 91.42% of the company’s stock.
Teradyne (NYSE:TER) traded down 2.098% during midday trading on Thursday, reaching $20.765. The company had a trading volume of 694,106 shares. The firm has a 50-day moving average of $21.15 and a 200 day moving average of $20.29. The company’s market capitalization is $4.20 billion. Teradyne has a 1-year low of $17.34 and a 1-year high of $22.13.
Teradyne (NYSE:TER) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.05. Teradyne had a positive return on equity of 14.84% and a negative net margin of 5.88%. The business earned $532 million during the quarter, compared to analysts’ expectations of $526.75 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. On average, equities research analysts forecast that Teradyne will post $1.26 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, September 7th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, September 2nd. Teradyne’s dividend payout ratio (DPR) is presently -46.15%.
Teradyne Company Profile
Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries.
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