Teradyne, Inc. (NASDAQ:TER) Receives Consensus Rating of “Moderate Buy” from Brokerages

Teradyne, Inc. (NASDAQ:TERGet Rating) has earned a consensus rating of “Moderate Buy” from the twenty-eight ratings firms that are currently covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $93.12.

TER has been the topic of a number of recent research reports. DA Davidson cut their price target on shares of Teradyne from $120.00 to $105.00 in a report on Thursday, October 27th. StockNews.com initiated coverage on shares of Teradyne in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Cowen cut their price target on shares of Teradyne to $110.00 in a report on Thursday, October 27th. Susquehanna boosted their target price on shares of Teradyne from $83.00 to $100.00 in a report on Thursday, October 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Teradyne from $95.00 to $85.00 and set a “hold” rating on the stock in a report on Thursday, October 13th.

Insiders Place Their Bets

In other Teradyne news, insider Brad Robbins sold 3,144 shares of the business’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $75.84, for a total value of $238,440.96. Following the transaction, the insider now directly owns 44,755 shares in the company, valued at $3,394,219.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by insiders.

Institutional Trading of Teradyne

A number of institutional investors have recently modified their holdings of TER. Van ECK Associates Corp lifted its stake in shares of Teradyne by 138.6% during the 1st quarter. Van ECK Associates Corp now owns 1,951,771 shares of the company’s stock valued at $230,758,000 after buying an additional 1,133,930 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Teradyne by 2,844.1% during the 1st quarter. Bank of America Corp DE now owns 1,032,783 shares of the company’s stock valued at $122,106,000 after buying an additional 997,703 shares in the last quarter. BlackRock Inc. lifted its stake in Teradyne by 7.0% in the 1st quarter. BlackRock Inc. now owns 14,153,679 shares of the company’s stock worth $1,673,390,000 after purchasing an additional 927,197 shares in the last quarter. Westwood Holdings Group Inc. purchased a new stake in Teradyne in the 1st quarter worth approximately $106,198,000. Finally, Nordea Investment Management AB lifted its stake in Teradyne by 25.9% in the 3rd quarter. Nordea Investment Management AB now owns 2,795,487 shares of the company’s stock worth $211,366,000 after purchasing an additional 575,165 shares in the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Stock Performance

NASDAQ TER opened at $94.03 on Friday. The firm’s fifty day moving average price is $80.76 and its two-hundred day moving average price is $88.92. The stock has a market cap of $14.65 billion, a PE ratio of 21.04, a PEG ratio of 5.28 and a beta of 1.50. Teradyne has a fifty-two week low of $67.81 and a fifty-two week high of $168.91. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.59 and a current ratio of 3.03.

Teradyne (NASDAQ:TERGet Rating) last posted its earnings results on Tuesday, October 25th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.11. The firm had revenue of $827.07 million for the quarter, compared to analysts’ expectations of $800.20 million. Teradyne had a net margin of 23.38% and a return on equity of 33.39%. The company’s revenue was down 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.59 earnings per share. On average, equities analysts expect that Teradyne will post 4.07 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Monday, November 28th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Friday, November 25th. Teradyne’s payout ratio is 9.84%.

About Teradyne

(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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