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

Teradyne, Inc. (NASDAQ:TER) has earned an average rating of “Moderate Buy” from the eighteen brokerages that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $200.4375.

TER has been the subject of several research analyst reports. The Goldman Sachs Group raised Teradyne from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $148.00 to $230.00 in a research report on Monday, December 15th. Bank of America lifted their price objective on Teradyne from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $240.00 target price on shares of Teradyne in a research report on Tuesday, December 16th. Industrial Alliance Securities set a $175.00 target price on shares of Teradyne in a research report on Tuesday, October 28th. Finally, Stifel Nicolaus increased their price target on shares of Teradyne from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday.

Teradyne Stock Performance

NASDAQ:TER opened at $228.15 on Friday. The company has a market capitalization of $35.73 billion, a P/E ratio of 82.96, a P/E/G ratio of 1.65 and a beta of 1.84. The stock’s 50 day moving average price is $194.38 and its 200 day moving average price is $147.65. Teradyne has a 52 week low of $65.77 and a 52 week high of $238.92.

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

Teradyne Dividend Announcement

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

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction on Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the sale, the chief executive officer owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. The trade was a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

Institutional Trading of Teradyne

Institutional investors have recently modified their holdings of the stock. Perigon Wealth Management LLC increased its stake in shares of Teradyne by 46.8% in the fourth quarter. Perigon Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $759,000 after buying an additional 1,250 shares during the period. Aberdeen Group plc increased its position in Teradyne by 5.0% during the 4th quarter. Aberdeen Group plc now owns 123,172 shares of the company’s stock valued at $23,841,000 after purchasing an additional 5,899 shares during the period. McLean Asset Management Corp bought a new position in Teradyne during the 4th quarter worth approximately $207,000. Three Seasons Wealth LLC acquired a new position in Teradyne in the fourth quarter valued at $897,000. Finally, Fifth Third Wealth Advisors LLC bought a new stake in Teradyne during the fourth quarter valued at $336,000. 99.77% of the stock is currently owned by 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.