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

Shares of Teradyne, Inc. (NASDAQ:TER) have been assigned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $118.94.

Several equities research analysts recently issued reports on TER shares. Morgan Stanley dropped their price objective on Teradyne from $81.00 to $69.00 and set an “underweight” rating for the company in a research note on Wednesday, April 16th. KeyCorp restated a “sector weight” rating on shares of Teradyne in a research report on Thursday, April 17th. Cantor Fitzgerald dropped their target price on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. TD Cowen lowered their price objective on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Finally, Robert W. Baird cut their target price on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th.

Teradyne Stock Up 5.6 %

Shares of NASDAQ TER opened at $77.30 on Friday. The company has a market cap of $12.43 billion, a P/E ratio of 23.21, a P/E/G ratio of 2.83 and a beta of 1.65. Teradyne has a 52 week low of $65.77 and a 52 week high of $163.21. The business has a 50-day simple moving average of $89.03 and a two-hundred day simple moving average of $109.42.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Equities research analysts anticipate that Teradyne will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Insider Activity

In other news, CFO Sanjay Mehta sold 1,789 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the transaction, the chief financial officer now owns 33,308 shares in the company, valued at $4,013,947.08. This trade represents a 5.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Richard John Burns sold 407 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the sale, the insider now owns 20,764 shares in the company, valued at approximately $2,502,269.64. This trade represents a 1.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,399 shares of company stock valued at $612,734. Insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Several large investors have recently modified their holdings of the stock. Compass Financial Services Inc bought a new stake in Teradyne during the 4th quarter valued at about $33,000. Strategic Investment Solutions Inc. IL purchased a new position in Teradyne in the 4th quarter worth approximately $34,000. AllSquare Wealth Management LLC lifted its position in Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock valued at $38,000 after acquiring an additional 200 shares in the last quarter. Manchester Capital Management LLC boosted its stake in Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after purchasing an additional 227 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Teradyne in the 4th quarter worth $45,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.