Teradyne, Inc. (NASDAQ:TER) Receives $185.75 Average PT from Brokerages

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

A number of analysts have recently issued reports on the company. Citigroup lifted their price target on Teradyne from $117.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Bank of America upgraded Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Wednesday, October 29th. Northland Securities set a $186.00 target price on shares of Teradyne in a research note on Thursday, October 30th. Susquehanna reaffirmed a “positive” rating and set a $215.00 target price on shares of Teradyne in a report on Thursday, October 30th. Finally, Industrial Alliance Securities set a $175.00 target price on shares of Teradyne in a research report on Tuesday, October 28th.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were 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 of the company’s stock, 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. Over the last 90 days, insiders have sold 3,324 shares of company stock valued at $583,639. Company insiders own 0.16% of the company’s stock.

Institutional Trading of Teradyne

A number of hedge funds and other institutional investors have recently made changes to their positions in TER. Root Financial Partners LLC purchased a new position in Teradyne during the 3rd quarter valued at about $31,000. Davidson Capital Management Inc. acquired a new stake in shares of Teradyne during the third quarter worth about $31,000. CYBER HORNET ETFs LLC purchased a new position in shares of Teradyne in the second quarter valued at approximately $35,000. Hemington Wealth Management grew its holdings in shares of Teradyne by 43.2% in the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in Teradyne during the 3rd quarter worth approximately $41,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Up 0.2%

TER opened at $198.90 on Wednesday. The company has a market cap of $31.15 billion, a PE ratio of 72.33, a price-to-earnings-growth ratio of 2.07 and a beta of 1.85. Teradyne has a twelve month low of $65.77 and a twelve month high of $205.00. The company has a 50-day moving average price of $178.70 and a 200 day moving average price of $133.96.

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. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The company had revenue of $769.21 million for the quarter, compared to analysts’ expectations of $744.20 million. During the same period in the previous year, the firm posted $0.90 EPS. Teradyne’s revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts expect that Teradyne will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

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

Teradyne Company Profile

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.