According to Zacks, “Teradyne is a leading provider of automated test equipment. The company’s second-quarter earnings beat the Zacks Consensus Estimate. A recovery in the core semiconductor business (processors, MCUs and power management), long-term opportunities in the high-growth wireless test market, growing memory market exposure, strong product lineup, lean cost structure and strong balance sheet are positives. Given the popularity of its products, the Universal Robots acquisition and the continuous design win momentum; the company is optimistic long-term prospects. However, weakness in the wireless test market could be a concern in the near term.”
A number of other analysts also recently weighed in on TER. Deutsche Bank AG reissued a buy rating on shares of Teradyne in a research report on Sunday, June 26th. Needham & Company LLC initiated coverage on shares of Teradyne in a research report on Thursday, July 7th. They set a buy rating and a $23.00 price target for the company. Stifel Nicolaus downgraded shares of Teradyne from a buy rating to a hold rating in a research report on Wednesday, July 20th. They noted that the move was a valuation call. TheStreet downgraded shares of Teradyne from a buy rating to a hold rating in a research report on Wednesday, July 27th. Finally, Craig Hallum downgraded shares of Teradyne from a buy rating to a hold rating and decreased their price objective for the stock from $22.00 to $21.00 in a report on Friday, July 29th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $22.50.
Teradyne (NYSE:TER) opened at 21.41 on Wednesday. Teradyne has a 12 month low of $17.34 and a 12 month high of $21.84. The firm’s 50-day moving average is $20.86 and its 200-day moving average is $20.24. The stock’s market cap is $4.33 billion.
Teradyne (NYSE:TER) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Teradyne had a negative net margin of 5.88% and a positive return on equity of 14.84%. The business earned $532 million during the quarter, compared to the consensus estimate of $526.75 million. During the same quarter last year, the company earned $0.53 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that Teradyne will post $1.26 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, September 7th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, September 2nd. Teradyne’s dividend payout ratio is currently -46.15%.
In related news, Director Michael A. Bradley sold 64,650 shares of Teradyne stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $20.93, for a total transaction of $1,353,124.50. Following the sale, the director now directly owns 224,371 shares in the company, valued at $4,696,085.03. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael A. Bradley sold 15,000 shares of Teradyne stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $21.39, for a total transaction of $320,850.00. Following the sale, the director now owns 164,721 shares in the company, valued at $3,523,382.19. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.
Several large investors have recently modified their holdings of TER. Pegasus Partners Ltd. bought a new stake in shares of Teradyne during the first quarter worth $733,000. Kempen Capital Management N.V. boosted its stake in shares of Teradyne by 97.6% in the first quarter. Kempen Capital Management N.V. now owns 17,835 shares of the company’s stock worth $385,000 after buying an additional 8,807 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Teradyne by 3.4% in the first quarter. M&T Bank Corp now owns 19,583 shares of the company’s stock worth $422,000 after buying an additional 649 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in shares of Teradyne during the first quarter worth $237,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Teradyne by 14.3% in the first quarter. JPMorgan Chase & Co. now owns 2,430,603 shares of the company’s stock worth $52,477,000 after buying an additional 303,407 shares in the last quarter. Institutional investors and hedge funds own 91.42% of the company’s stock.
Teradyne Company Profile
Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries.
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