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

Teradyne, Inc. (NASDAQ:TERGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $275.5333.

A number of research analysts have recently weighed in on TER shares. Weiss Ratings restated a “hold (c)” rating on shares of Teradyne in a research report on Thursday, January 22nd. Evercore boosted their target price on shares of Teradyne from $200.00 to $280.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Morgan Stanley set a $306.00 target price on shares of Teradyne in a report on Wednesday, February 11th. The Goldman Sachs Group raised their price target on shares of Teradyne from $230.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Finally, Cantor Fitzgerald lifted their price target on shares of Teradyne from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd.

Check Out Our Latest Report on TER

Institutional Trading of Teradyne

A number of hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC increased its stake in Teradyne by 12.8% during the first quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after acquiring an additional 468 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of Teradyne in the 1st quarter valued at about $297,000. Quadrant Capital Group LLC lifted its stake in shares of Teradyne by 42.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 5,481 shares of the company’s stock valued at $493,000 after purchasing an additional 1,642 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Teradyne by 5.0% in the 2nd quarter. Schroder Investment Management Group now owns 18,514 shares of the company’s stock valued at $1,665,000 after purchasing an additional 886 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Teradyne by 2.8% during the 2nd quarter. New York State Common Retirement Fund now owns 92,235 shares of the company’s stock worth $8,294,000 after purchasing an additional 2,500 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

Teradyne Trading Down 0.8%

Shares of TER stock opened at $309.61 on Friday. The business’s 50 day moving average is $296.18 and its two-hundred day moving average is $217.01. Teradyne has a twelve month low of $65.77 and a twelve month high of $344.92. The company has a market capitalization of $48.47 billion, a P/E ratio of 88.97, a price-to-earnings-growth ratio of 1.94 and a beta of 1.79.

Teradyne (NASDAQ:TERGet Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.36 by $0.44. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $970.44 million. During the same quarter in the prior year, the business earned $0.95 earnings per share. The company’s quarterly revenue was up 43.9% compared to the same quarter last year. As a group, equities analysts predict that Teradyne will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, February 13th. Teradyne’s payout ratio is presently 14.94%.

Teradyne Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Teradyne (NASDAQ:TER)

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