Teradyne (NASDAQ:TER) Given Buy Rating at DA Davidson

DA Davidson reiterated their buy rating on shares of Teradyne (NASDAQ:TERGet Rating) in a research note published on Wednesday morning, PriceTargets.com reports. DA Davidson also issued estimates for Teradyne’s Q3 2022 earnings at $1.02 EPS, FY2022 earnings at $4.93 EPS and FY2023 earnings at $6.35 EPS.

Several other research analysts have also issued reports on the stock. UBS Group decreased their price target on shares of Teradyne from $135.00 to $120.00 and set a buy rating on the stock in a research report on Thursday. Northland Securities decreased their price objective on shares of Teradyne from $90.00 to $85.00 in a research note on Thursday. JPMorgan Chase & Co. began coverage on shares of Teradyne in a research note on Tuesday, July 5th. They issued a neutral rating and a $120.00 price objective for the company. Craig Hallum lowered shares of Teradyne from a buy rating to a hold rating and decreased their price objective for the stock from $138.00 to $96.00 in a research note on Thursday. Finally, Loop Capital decreased their price objective on shares of Teradyne from $158.00 to $132.00 and set a buy rating for the company in a research note on Tuesday, June 28th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $124.55.

Teradyne Trading Up 2.0 %

Teradyne stock opened at $100.89 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.97 and a current ratio of 3.33. The firm has a market cap of $16.16 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 2.91 and a beta of 1.53. Teradyne has a 1 year low of $82.97 and a 1 year high of $168.91. The firm’s 50 day moving average price is $96.84 and its two-hundred day moving average price is $110.12.

Teradyne (NASDAQ:TERGet Rating) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.07. Teradyne had a net margin of 26.58% and a return on equity of 40.67%. During the same period last year, the business earned $1.91 EPS. On average, research analysts predict that Teradyne will post 4.8 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Wednesday, May 25th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, May 24th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.44%. Teradyne’s dividend payout ratio is currently 8.18%.

Insider Activity

In other news, insider Brad Robbins sold 3,145 shares of the firm’s stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $89.49, for a total transaction of $281,446.05. Following the transaction, the insider now owns 44,755 shares in the company, valued at approximately $4,005,124.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Signaturefd LLC increased its holdings in shares of Teradyne by 38.8% during the 4th quarter. Signaturefd LLC now owns 526 shares of the company’s stock worth $86,000 after purchasing an additional 147 shares during the period. Regentatlantic Capital LLC bought a new position in shares of Teradyne during the 4th quarter worth about $282,000. Bessemer Group Inc. increased its holdings in shares of Teradyne by 69.4% during the 4th quarter. Bessemer Group Inc. now owns 6,946 shares of the company’s stock worth $1,135,000 after purchasing an additional 2,845 shares during the period. National Asset Management Inc. increased its holdings in shares of Teradyne by 11.9% during the 4th quarter. National Asset Management Inc. now owns 12,233 shares of the company’s stock worth $2,000,000 after purchasing an additional 1,304 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Teradyne during the 4th quarter worth about $5,465,000. Institutional investors own 96.94% of the company’s stock.

Teradyne Company Profile

(Get Rating)

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.

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Analyst Recommendations for Teradyne (NASDAQ:TER)

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