Teradyne (TER) – Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Teradyne (NYSE: TER) in the last few weeks:

  • 2/2/2018 – Teradyne was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/30/2018 – Teradyne had its price target raised by analysts at Citigroup Inc from $48.00 to $54.00. They now have a “buy” rating on the stock.
  • 1/29/2018 – Teradyne was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $53.00 price target on the stock. According to Zacks, “Teradyne has outperformed the industry it belongs to on a 12-month basis. The company delivered strong fourth-quarter results driven by robust performance in Semiconductor and System Test Businesses. Moreover, a recovery in the core semiconductor business (processors, MCUs and power management) will continue to boost total revenues. We believe that the company has signficant growth opportunities in the high-growth wireless test market in the long-haul. Additionally, growing memory market exposure, strong product lineup, lean cost structure and strong balance sheet are positives. Given the popularity of its products, the Universal Robots acquisition and the continuous design win momentum; the company is optimistic long-term prospects. However, volatility in the test market could be a concern in the near term.”
  • 1/26/2018 – Teradyne had its price target raised by analysts at Needham & Company LLC from $47.00 to $52.00. They now have a “buy” rating on the stock.
  • 1/26/2018 – Teradyne had its price target raised by analysts at DA Davidson to $55.00. They now have a “buy” rating on the stock.
  • 1/24/2018 – Teradyne had its price target raised by analysts at Stifel Nicolaus from $46.00 to $54.00. They now have a “buy” rating on the stock.
  • 1/2/2018 – Teradyne was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating.
  • 12/27/2017 – Teradyne was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Teradyne has outperformed the industry it belongs to on a year-to-date basis. Robust performance from Semiconductor Test Business is driving top-line growth. Moreover, a recovery in the core semiconductor business (processors, MCUs and power management) will boost total revenues. We believe that the company has signficant growth opportunities in the high-growth wireless test market in the long-haul. Additionally, growing memory market exposure, strong product lineup, lean cost structure and strong balance sheet are positives. Given the popularity of its products, the Universal Robots acquisition and the continuous design win momentum; the company is optimistic long-term prospects. However, volatility in the test market could be a concern in the near term.”
  • 12/26/2017 – Teradyne was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $49.00 price target on the stock. According to Zacks, “The strong performance in Semiconductor Test Business in drving revenues for the company. Also, a recovery in the core semiconductor business (processors, MCUs and power management), long-term opportunities in the high-growth wireless test market, growing memory market exposure, strong product lineup, lean cost structure and strong balance sheet are positives. Given the popularity of its products, the Universal Robots acquisition and the continuous design win momentum; the company is optimistic long-term prospects. However, volatility in the test market could be a concern in the near term. On a year-to-date basis, the stock has outperformed the industry it belongs to.”

Teradyne, Inc. (NYSE:TER) opened at $41.27 on Monday. Teradyne, Inc. has a 52 week low of $28.38 and a 52 week high of $48.53. The firm has a market capitalization of $8,100.00, a price-to-earnings ratio of 32.75, a price-to-earnings-growth ratio of 1.39 and a beta of 1.13. The company has a current ratio of 5.00, a quick ratio of 4.76 and a debt-to-equity ratio of 0.19.

Teradyne (NYSE:TER) last issued its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.12. Teradyne had a negative return on equity of 20.91% and a negative net margin of 22.09%. The company had revenue of $479.00 million for the quarter, compared to analyst estimates of $438.85 million. During the same quarter in the prior year, the company posted $0.32 EPS. The business’s revenue for the quarter was up 26.1% compared to the same quarter last year. sell-side analysts expect that Teradyne, Inc. will post 2.47 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, February 23rd will be given a $0.09 dividend. This is a positive change from Teradyne’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, February 22nd. Teradyne’s dividend payout ratio (DPR) is 22.22%.

In related news, VP Charles Jeffrey Gray sold 5,040 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $47.25, for a total value of $238,140.00. Following the transaction, the vice president now directly owns 31,593 shares of the company’s stock, valued at approximately $1,492,769.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gregory Stephen Smith sold 7,431 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $44.51, for a total value of $330,753.81. Following the completion of the transaction, the insider now directly owns 6,599 shares in the company, valued at $293,721.49. The disclosure for this sale can be found here. Insiders sold a total of 146,009 shares of company stock worth $6,731,077 over the last ninety days. Corporate insiders own 0.62% of the company’s stock.

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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