Teradyne, Inc. (NASDAQ:TER) Given Average Recommendation of “Moderate Buy” by Analysts

Teradyne, Inc. (NASDAQ:TER) has been given an average recommendation of “Moderate Buy” by the nineteen analysts that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $185.75.

TER has been the topic of a number of research analyst reports. Stifel Nicolaus set a $225.00 price target on Teradyne and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Evercore ISI raised their target price on shares of Teradyne from $120.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of Teradyne in a report on Wednesday, October 8th. Bank of America raised shares of Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Wednesday, October 29th. Finally, The Goldman Sachs Group upgraded shares of Teradyne from a “sell” rating to a “buy” rating and lifted their price target for the company from $148.00 to $230.00 in a report on Monday, December 15th.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the transaction, the chief executive officer directly owned 93,409 shares in the company, valued at $18,804,165.79. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 3,324 shares of company stock worth $583,639 in the last ninety days. Corporate insiders own 0.16% of the company’s stock.

Institutional Trading of Teradyne

A number of institutional investors and hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC lifted its holdings in Teradyne by 1.0% in the 1st quarter. HighTower Advisors LLC now owns 12,528 shares of the company’s stock worth $1,035,000 after buying an additional 124 shares in the last quarter. Allstate Corp increased its position in shares of Teradyne by 54.2% during the first quarter. Allstate Corp now owns 7,298 shares of the company’s stock worth $603,000 after acquiring an additional 2,565 shares during the last quarter. Comerica Bank lifted its stake in shares of Teradyne by 36.8% in the first quarter. Comerica Bank now owns 74,036 shares of the company’s stock worth $6,115,000 after acquiring an additional 19,917 shares in the last quarter. FORA Capital LLC purchased a new position in Teradyne in the first quarter valued at about $3,723,000. Finally, Gabelli Funds LLC purchased a new position in Teradyne in the first quarter valued at about $339,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Performance

TER stock opened at $198.50 on Wednesday. The company has a 50 day moving average price of $175.15 and a two-hundred day moving average price of $132.26. The stock has a market capitalization of $31.09 billion, a P/E ratio of 72.18, a PEG ratio of 2.06 and a beta of 1.85. Teradyne has a one year low of $65.77 and a one year high of $205.00.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.07. The business had revenue of $769.21 million for the quarter, compared to analysts’ expectations of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 earnings per share. Research analysts forecast that Teradyne will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Monday, November 24th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, November 24th. Teradyne’s payout ratio is 17.45%.

About Teradyne

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.