Teradyne, Inc. (NASDAQ:TER) Receives Consensus Rating of “Moderate Buy” from Analysts
Teradyne, Inc. (NASDAQ:TER – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $109.45.
Several research firms have commented on TER. Bank of America lowered their price target on shares of Teradyne from $125.00 to $110.00 in a report on Tuesday, October 10th. Evercore ISI dropped their price target on shares of Teradyne from $120.00 to $110.00 in a research note on Thursday, October 5th. StockNews.com began coverage on shares of Teradyne in a research report on Thursday, October 5th. They set a “hold” rating for the company. Northland Securities raised shares of Teradyne from a “market perform” rating to an “outperform” rating and set a $126.00 price target for the company in a research report on Tuesday, September 26th. Finally, Craig Hallum reduced their price objective on shares of Teradyne from $131.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, October 27th.
Read Our Latest Analysis on TER
Insider Activity at Teradyne
In other news, insider Brad Robbins sold 2,170 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $100.00, for a total value of $217,000.00. Following the sale, the insider now owns 51,579 shares of the company’s stock, valued at approximately $5,157,900. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.36% 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 the business. Allspring Global Investments Holdings LLC raised its stake in Teradyne by 489.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,073,278 shares of the company’s stock valued at $208,282,000 after purchasing an additional 1,721,306 shares in the last quarter. FMR LLC grew its stake in shares of Teradyne by 15.3% during the 1st quarter. FMR LLC now owns 11,871,816 shares of the company’s stock worth $1,276,339,000 after acquiring an additional 1,577,214 shares during the period. Norges Bank bought a new stake in Teradyne in the 4th quarter worth approximately $101,896,000. Balyasny Asset Management L.P. increased its stake in shares of Teradyne by 739.3% during the first quarter. Balyasny Asset Management L.P. now owns 1,017,622 shares of the company’s stock valued at $109,405,000 after buying an additional 896,370 shares during the period. Finally, Boston Partners grew its stake in Teradyne by 100.5% in the second quarter. Boston Partners now owns 1,697,686 shares of the company’s stock worth $188,985,000 after purchasing an additional 850,808 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.
Teradyne Trading Down 0.7 %
TER opened at $93.16 on Tuesday. The firm has a market cap of $14.24 billion, a P/E ratio of 30.54, a P/E/G ratio of 5.48 and a beta of 1.55. Teradyne has a 12 month low of $81.07 and a 12 month high of $119.20. The stock has a 50-day moving average of $92.46 and a 200 day moving average of $101.05.
Teradyne (NASDAQ:TER – Get Free Report) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.08. Teradyne had a return on equity of 20.56% and a net margin of 18.41%. The business had revenue of $703.73 million for the quarter, compared to the consensus estimate of $684.36 million. On average, research analysts forecast that Teradyne will post 2.86 earnings per share for the current fiscal year.
Teradyne Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Monday, November 27th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Friday, November 24th. Teradyne’s dividend payout ratio is currently 14.43%.
Teradyne Company Profile (Get Free Report
Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.
Further Reading
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