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

Shares of Teradyne, Inc. (NASDAQ:TER) have been assigned a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $114.33.

TER has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on Teradyne from $120.00 to $92.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Robert W. Baird decreased their price objective on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Bank of America lowered their price target on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a report on Wednesday, March 12th. Cantor Fitzgerald set a $105.00 price objective on shares of Teradyne and gave the stock an “overweight” rating in a research note on Tuesday, June 24th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Teradyne in a research note on Thursday, April 17th.

Teradyne Stock Performance

TER opened at $91.92 on Wednesday. The business’s fifty day moving average is $82.01 and its two-hundred day moving average is $98.51. The company has a market cap of $14.75 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 3.93 and a beta of 1.70. Teradyne has a one year low of $65.77 and a one year high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.14. Teradyne had a return on equity of 20.06% and a net margin of 19.86%. The business had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. During the same quarter in the previous year, the business earned $0.51 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, analysts predict that Teradyne will post 3.88 EPS for the current fiscal year.

Teradyne declared that its board has authorized a stock repurchase program on Monday, April 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Thursday, May 22nd. Teradyne’s payout ratio is 13.56%.

Institutional Investors Weigh In On Teradyne

Large investors have recently made changes to their positions in the company. Berbice Capital Management LLC boosted its stake in Teradyne by 200.0% in the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Teradyne in the fourth quarter valued at $34,000. Manchester Capital Management LLC boosted its position in shares of Teradyne by 44.7% in the first quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock worth $37,000 after buying an additional 140 shares during the period. AllSquare Wealth Management LLC boosted its position in shares of Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after buying an additional 200 shares during the period. Finally, Brooklyn Investment Group grew its holdings in shares of Teradyne by 189.9% during the first quarter. Brooklyn Investment Group now owns 461 shares of the company’s stock valued at $38,000 after buying an additional 302 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

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.