Teradyne, Inc. (NYSE:TER)’s share price reached a new 52-week high on Friday . The stock traded as high as $67.29 and last traded at $67.12, with a volume of 11572 shares traded. The stock had previously closed at $66.41.
Several research analysts have recently weighed in on TER shares. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Saturday, September 7th. Cowen boosted their target price on shares of Teradyne from $60.00 to $64.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. Credit Suisse Group increased their target price on Teradyne from $55.00 to $62.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. DA Davidson raised their price target on Teradyne to $60.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. They noted that the move was a valuation call. Finally, Citigroup lifted their price target on Teradyne from $66.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $58.44.
The stock has a market capitalization of $11.13 billion, a PE ratio of 28.34, a P/E/G 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. The business’s fifty day moving average price is $63.54 and its 200-day moving average price is $54.78.
Teradyne (NYSE:TER) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.70 by $0.07. The company had revenue of $582.04 million during the quarter, compared to analysts’ expectations of $565.43 million. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. Teradyne’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 earnings per share. On average, analysts expect that Teradyne, Inc. will post 2.25 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 27th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.54%. The ex-dividend date is Tuesday, November 26th. Teradyne’s payout ratio is 15.38%.
In other news, insider Walter G. Vahey sold 25,012 shares of Teradyne stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $63.62, for a total transaction of $1,591,263.44. Following the completion of the sale, the insider now owns 52,754 shares in the company, valued at approximately $3,356,209.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider King Wallace 362,138 shares of the company’s stock in a transaction on Tuesday, November 26th. Insiders sold a total of 46,234 shares of company stock worth $2,922,166 over the last 90 days. Corporate insiders own 0.49% of the company’s stock.
Several hedge funds have recently bought and sold shares of TER. Metropolitan Life Insurance Co NY raised its stake in shares of Teradyne by 10.5% during the third quarter. Metropolitan Life Insurance Co NY now owns 55,901 shares of the semiconductor company’s stock worth $3,237,000 after acquiring an additional 5,294 shares in the last quarter. Man Group plc grew its stake in shares of Teradyne by 99.8% during the third quarter. Man Group plc now owns 233,722 shares of the semiconductor company’s stock valued at $13,535,000 after buying an additional 116,745 shares during the last quarter. Sandler Capital Management increased its holdings in shares of Teradyne by 7.2% in the third quarter. Sandler Capital Management now owns 165,000 shares of the semiconductor company’s stock worth $9,555,000 after buying an additional 11,152 shares during the period. Squarepoint Ops LLC increased its holdings in shares of Teradyne by 149.1% in the third quarter. Squarepoint Ops LLC now owns 214,664 shares of the semiconductor company’s stock worth $12,431,000 after buying an additional 128,492 shares during the period. Finally, Castleark Management LLC bought a new stake in shares of Teradyne in the 3rd quarter valued at about $2,525,000.
About Teradyne (NYSE:TER)
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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