Analysts Set Teradyne, Inc. (NASDAQ:TER) Target Price at $118.94

Shares of Teradyne, Inc. (NASDAQ:TER) have received a consensus rating of “Moderate Buy” from the seventeen brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $118.94.

A number of equities research analysts recently weighed in on the stock. UBS Group set a $130.00 price target on shares of Teradyne and gave the company a “buy” rating in a research report on Wednesday, March 12th. KeyCorp reissued a “sector weight” rating on shares of Teradyne in a research report on Thursday. Bank of America reduced their price objective on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a research note on Wednesday, March 12th. Stifel Nicolaus lowered their target price on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, March 12th. Finally, TD Cowen cut their target price on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th.

Insider Activity at Teradyne

In other news, VP Ryan Driscoll sold 437 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $44,574.00. Following the sale, the vice president now directly owns 4,312 shares in the company, valued at $439,824. This represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sanjay Mehta sold 1,789 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the sale, the chief financial officer now directly owns 33,308 shares in the company, valued at approximately $4,013,947.08. The trade was a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,399 shares of company stock valued at $612,734 in the last ninety days. Corporate insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Van ECK Associates Corp increased its stake in Teradyne by 59.9% during the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after acquiring an additional 1,846,079 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Teradyne in the fourth quarter valued at approximately $12,118,000. Franklin Resources Inc. lifted its position in Teradyne by 30.5% during the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock valued at $11,878,000 after buying an additional 20,762 shares in the last quarter. Empowered Funds LLC lifted its position in Teradyne by 16.2% during the fourth quarter. Empowered Funds LLC now owns 30,269 shares of the company’s stock valued at $3,811,000 after buying an additional 4,212 shares in the last quarter. Finally, Boston Trust Walden Corp grew its stake in Teradyne by 3.3% during the fourth quarter. Boston Trust Walden Corp now owns 408,177 shares of the company’s stock worth $51,398,000 after buying an additional 13,020 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Price Performance

Shares of TER stock opened at $71.14 on Friday. Teradyne has a 12 month low of $65.77 and a 12 month high of $163.21. The company has a market capitalization of $11.44 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. The firm’s 50-day moving average is $92.22 and its two-hundred day moving average is $110.73.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping 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%. Sell-side analysts forecast that Teradyne will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio is currently 14.41%.

About Teradyne

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.