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

Teradyne, Inc. (NASDAQ:TER) has earned an average recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $185.75.

A number of analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Teradyne in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Teradyne from a “sell” rating to a “hold” rating in a report on Monday, September 1st. Bank of America upgraded shares of Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 target price for the company in a research note on Wednesday, October 29th. The Goldman Sachs Group upgraded shares of Teradyne from a “sell” rating to a “buy” rating and upped their price objective for the stock from $148.00 to $230.00 in a research report on Monday, December 15th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $240.00 target price on shares of Teradyne in a report on Tuesday, December 16th.

Teradyne Stock Up 0.6%

NASDAQ:TER opened at $198.50 on Wednesday. The company has a market capitalization of $31.09 billion, a PE ratio of 72.18, a P/E/G ratio of 2.06 and a beta of 1.85. Teradyne has a 52-week low of $65.77 and a 52-week high of $205.00. The stock’s 50 day moving average price is $175.15 and its 200 day moving average price is $132.26.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. The company had revenue of $769.21 million during the quarter, compared to analysts’ expectations of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 earnings per share. As a group, sell-side analysts anticipate that Teradyne will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Monday, November 24th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, November 24th. Teradyne’s payout ratio is currently 17.45%.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the transaction, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This represents a 1.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 3,324 shares of company stock worth $583,639. Insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its position in shares of Teradyne by 13,949.4% in the third quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after acquiring an additional 2,022,389 shares in the last quarter. Norges Bank acquired a new position in Teradyne in the 2nd quarter valued at about $152,854,000. Federated Hermes Inc. lifted its holdings in Teradyne by 79.7% in the 2nd quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock valued at $340,353,000 after purchasing an additional 1,679,215 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Teradyne by 1,612.4% during the 1st quarter. AQR Capital Management LLC now owns 1,404,752 shares of the company’s stock worth $113,251,000 after purchasing an additional 1,322,716 shares during the last quarter. Finally, Amundi boosted its stake in shares of Teradyne by 255.3% during the 2nd quarter. Amundi now owns 1,812,001 shares of the company’s stock worth $170,654,000 after purchasing an additional 1,302,025 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.