Teradyne (NYSE:TER) had its target price boosted by Stifel Nicolaus from $48.00 to $50.00 in a report released on Tuesday, BenzingaRatingsTable reports. The firm currently has a buy rating on the semiconductor company’s stock.
TER has been the subject of several other research reports. Zacks Investment Research upgraded Teradyne from a sell rating to a hold rating in a research report on Tuesday, January 29th. Craig Hallum cut Teradyne from a buy rating to a hold rating in a research report on Friday, February 22nd. Robert W. Baird cut Teradyne from an outperform rating to a neutral rating and cut their price objective for the stock from $50.68 to $29.89 in a research report on Friday, December 21st. Northland Securities started coverage on Teradyne in a research report on Tuesday, December 18th. They issued a market perform rating and a $35.00 price objective for the company. Finally, Credit Suisse Group reissued a hold rating on shares of Teradyne in a report on Friday, January 25th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. Teradyne presently has a consensus rating of Hold and a consensus target price of $38.77.
NYSE:TER opened at $45.13 on Tuesday. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.10 and a quick ratio of 3.76. Teradyne has a 1 year low of $28.73 and a 1 year high of $45.80.
Teradyne (NYSE:TER) last released its quarterly earnings data on Wednesday, January 23rd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.13. The firm had revenue of $520.00 million during the quarter, compared to analysts’ expectations of $494.17 million. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. Teradyne’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share. As a group, sell-side analysts anticipate that Teradyne will post 2.25 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 22nd were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.80%. The ex-dividend date was Thursday, February 21st. Teradyne’s dividend payout ratio (DPR) is 15.38%.
In other Teradyne news, insider Mark E. Jagiela sold 139,935 shares of the company’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $39.19, for a total value of $5,484,052.65. Following the sale, the insider now owns 335,555 shares of the company’s stock, valued at $13,150,400.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gregory R. Beecher sold 26,778 shares of the company’s stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $36.93, for a total value of $988,911.54. Following the completion of the sale, the chief financial officer now directly owns 82,679 shares in the company, valued at approximately $3,053,335.47. The disclosure for this sale can be found here. Insiders sold 211,079 shares of company stock worth $8,102,210 in the last three months. 0.49% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. PRW Wealth Management LLC acquired a new stake in shares of Teradyne during the fourth quarter valued at $27,000. Capital Financial Planning LLC acquired a new stake in shares of Teradyne during the fourth quarter valued at $31,000. Captrust Financial Advisors boosted its stake in shares of Teradyne by 49.6% during the fourth quarter. Captrust Financial Advisors now owns 1,785 shares of the semiconductor company’s stock valued at $56,000 after acquiring an additional 592 shares during the last quarter. ETF Managers Group LLC boosted its stake in shares of Teradyne by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 2,822 shares of the semiconductor company’s stock valued at $89,000 after acquiring an additional 384 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Teradyne during the third quarter valued at $114,000.
Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.
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