Teradyne, Inc. (TER) Given Consensus Recommendation of “Buy” by Brokerages
Teradyne, Inc. (NYSE:TER) has been assigned an average rating of “Buy” from the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $35.33.
A number of equities research analysts have weighed in on the stock. BidaskClub upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Friday. KeyCorp raised shares of Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 price objective for the company in a research note on Thursday, July 27th. Finally, Stifel Nicolaus raised shares of Teradyne from a “hold” rating to a “buy” rating and raised their price objective for the company from $32.00 to $39.00 in a research note on Wednesday, July 5th. They noted that the move was a valuation call.
Teradyne (TER) opened at 34.86 on Tuesday. The company has a market capitalization of $6.90 billion, a P/E ratio of 17.99 and a beta of 0.95. The company has a 50-day moving average of $34.12 and a 200-day moving average of $32.61. Teradyne has a 1-year low of $20.07 and a 1-year high of $36.86.
Teradyne (NYSE:TER) last announced its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The business had revenue of $697 million during the quarter, compared to analysts’ expectations of $683.66 million. During the same period last year, the business earned $0.55 earnings per share. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. Equities analysts expect that Teradyne will post $1.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 7th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Wednesday, September 6th. Teradyne’s payout ratio is 14.51%.
In related news, Director Michael A. Bradley sold 9,235 shares of Teradyne stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $35.32, for a total value of $326,180.20. Following the completion of the transaction, the director now owns 195,405 shares in the company, valued at $6,901,704.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark E. Jagiela sold 30,000 shares of Teradyne stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $34.50, for a total transaction of $1,035,000.00. Following the completion of the transaction, the insider now owns 248,413 shares of the company’s stock, valued at approximately $8,570,248.50. The disclosure for this sale can be found here. Insiders sold 55,127 shares of company stock valued at $1,910,090 in the last quarter. 0.62% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of TER. Teachers Advisors LLC increased its position in shares of Teradyne by 40.6% in the fourth quarter. Teachers Advisors LLC now owns 279,246 shares of the semiconductor company’s stock worth $7,093,000 after buying an additional 80,661 shares in the last quarter. Creative Planning increased its position in shares of Teradyne by 76.2% in the first quarter. Creative Planning now owns 4,778 shares of the semiconductor company’s stock worth $149,000 after buying an additional 2,067 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of Teradyne by 3.6% in the first quarter. Capstone Asset Management Co. now owns 15,623 shares of the semiconductor company’s stock worth $486,000 after buying an additional 540 shares in the last quarter. James Investment Research Inc. purchased a new position in shares of Teradyne during the first quarter worth about $156,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Teradyne during the first quarter worth about $621,000. Institutional investors own 93.21% of the company’s stock.
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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, communications, and aerospace and defense industries.
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