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

Shares of Teradyne, Inc. (NASDAQ:TER) have been given an average recommendation of “Moderate Buy” by the sixteen brokerages that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $396.80.

TER has been the topic of a number of analyst reports. UBS Group boosted their target price on shares of Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a report on Monday, July 20th. Susquehanna raised their price target on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a report on Tuesday, June 30th. Evercore reiterated an “outperform” rating and issued a $420.00 price target on shares of Teradyne in a research report on Thursday, July 30th. The Goldman Sachs Group reiterated a “buy” rating and set a $465.00 price objective on shares of Teradyne in a research note on Tuesday, July 28th. Finally, Wall Street Zen cut Teradyne from a “buy” rating to a “hold” rating in a report on Saturday.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 112,495 shares in the company, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

Institutional Trading of Teradyne

Several institutional investors and hedge funds have recently bought and sold shares of TER. Leeward Financial Partners LLC purchased a new stake in Teradyne in the second quarter worth about $3,735,000. Gouws Capital LLC grew its holdings in shares of Teradyne by 96.0% during the 4th quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock worth $2,966,000 after acquiring an additional 7,505 shares during the period. Legal & General Group Plc purchased a new position in shares of Teradyne during the 2nd quarter worth approximately $656,058,000. B. Metzler seel. Sohn & Co. AG bought a new position in shares of Teradyne in the 2nd quarter worth approximately $4,826,000. Finally, Zweig DiMenna Associates LLC raised its position in shares of Teradyne by 10.0% in the 4th quarter. Zweig DiMenna Associates LLC now owns 80,629 shares of the company’s stock worth $15,607,000 after acquiring an additional 7,300 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Price Performance

TER opened at $354.97 on Monday. The firm has a 50-day moving average price of $380.37 and a 200-day moving average price of $357.25. Teradyne has a twelve month low of $109.56 and a twelve month high of $487.91. The company has a market capitalization of $55.50 billion, a price-to-earnings ratio of 48.69, a PEG ratio of 0.72 and a beta of 1.78.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.38. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. Teradyne’s revenue was up 103.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 EPS. On average, sell-side analysts expect that Teradyne will post 9.1 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, September 4th. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. Teradyne’s dividend payout ratio is currently 7.13%.

About Teradyne

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.