Shares of Teradyne, Inc. (NYSE:TER) have received an average recommendation of “Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $48.00.
Several brokerages recently commented on TER. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Monday, January 29th. ValuEngine upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Citigroup lifted their price target on shares of Teradyne from $48.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Robert W. Baird reiterated a “positive” rating and issued a $48.00 price target (up previously from $37.00) on shares of Teradyne in a report on Friday, October 27th. Finally, Stifel Nicolaus lifted their price target on shares of Teradyne from $46.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, January 24th.
In other news, insider Mark E. Jagiela sold 30,000 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $44.96, for a total transaction of $1,348,800.00. Following the sale, the insider now owns 244,516 shares in the company, valued at approximately $10,993,439.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Charles Jeffrey Gray sold 5,040 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $47.25, for a total transaction of $238,140.00. Following the sale, the vice president now owns 31,593 shares in the company, valued at approximately $1,492,769.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,009 shares of company stock worth $6,731,077. Company insiders own 0.62% of the company’s stock.
Several hedge funds have recently made changes to their positions in TER. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Teradyne by 2,678.1% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,195 shares of the semiconductor company’s stock valued at $156,000 after buying an additional 4,044 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Teradyne during the 4th quarter valued at $156,000. Focused Wealth Management Inc bought a new stake in shares of Teradyne during the 4th quarter valued at $163,000. Krilogy Financial LLC bought a new stake in shares of Teradyne during the 3rd quarter valued at $179,000. Finally, We Are One Seven LLC bought a new stake in shares of Teradyne during the 4th quarter valued at $179,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.
Teradyne (NYSE:TER) opened at $43.31 on Tuesday. The company has a quick ratio of 4.76, a current ratio of 5.00 and a debt-to-equity ratio of 0.19. Teradyne has a one year low of $28.38 and a one year high of $48.53. The company has a market cap of $8,500.00, a price-to-earnings ratio of 19.69, a P/E/G ratio of 1.46 and a beta of 1.13.
Teradyne (NYSE:TER) last issued its earnings results on Wednesday, January 24th. The semiconductor company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.34 by $0.12. Teradyne had a net margin of 12.06% and a return on equity of 23.37%. The company had revenue of $479.00 million for the quarter, compared to the consensus estimate of $438.85 million. During the same period in the previous year, the firm earned $0.32 earnings per share. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. analysts anticipate that Teradyne will post 2.47 EPS for the current year.
Teradyne announced that its Board of Directors has approved a share buyback plan on Wednesday, January 24th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, February 23rd will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.36 annualized dividend and a yield of 0.83%. This is a boost from Teradyne’s previous quarterly dividend of $0.07. Teradyne’s payout ratio is 12.73%.
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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, communications, and aerospace and defense industries.
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