Teradyne, Inc. (NASDAQ:TER) Given Average Recommendation of “Moderate Buy” by Analysts

Teradyne, Inc. (NASDAQ:TER) has earned an average rating of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $143.77.

A number of brokerages have recently commented on TER. Susquehanna raised their target price on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Northland Securities decreased their target price on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. KeyCorp dropped their price target on Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Morgan Stanley downgraded Teradyne from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $121.00 to $117.00 in a report on Tuesday, January 21st. Finally, Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sanjay Mehta sold 1,789 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $215,592.39. Following the transaction, the chief financial officer now owns 33,308 shares in the company, valued at $4,013,947.08. The trade was a 5.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,479 shares of company stock worth $1,013,134. Insiders own 0.18% of the company’s stock.

Institutional Trading of Teradyne

Large investors have recently added to or reduced their stakes in the company. Roberts Glore & Co. Inc. IL lifted its holdings in shares of Teradyne by 2.2% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock worth $517,000 after purchasing an additional 90 shares during the period. Covestor Ltd raised its position in Teradyne by 12.3% during the 4th quarter. Covestor Ltd now owns 901 shares of the company’s stock worth $113,000 after buying an additional 99 shares during the last quarter. Snowden Capital Advisors LLC lifted its stake in Teradyne by 2.8% during the 4th quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company’s stock valued at $472,000 after acquiring an additional 103 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Teradyne by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after acquiring an additional 104 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Teradyne by 3.1% in the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after acquiring an additional 105 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Up 3.1 %

TER opened at $114.81 on Thursday. The business has a fifty day moving average of $124.16 and a 200 day moving average of $122.86. The stock has a market cap of $18.57 billion, a P/E ratio of 34.48, a PEG ratio of 2.83 and a beta of 1.45. Teradyne has a 52-week low of $95.80 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Equities analysts anticipate that Teradyne will post 3.88 EPS for the current fiscal year.

Teradyne announced that its Board of Directors has authorized a stock repurchase program on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 0.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.42%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio is currently 14.41%.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.