Teradyne, Inc. (NYSE:TER) has been assigned a consensus rating of “Buy” from the fifteen analysts that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $48.00.
Several brokerages have recently weighed in on TER. Stifel Nicolaus upped their price target on shares of Teradyne from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Monday, January 29th. Citigroup increased their target price on shares of Teradyne from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. ValuEngine raised shares of Teradyne from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Needham & Company LLC increased their target price on shares of Teradyne from $47.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, January 26th.
Shares of Teradyne (NYSE:TER) traded up $0.43 on Tuesday, hitting $44.42. 1,268,730 shares of the stock traded hands, compared to its average volume of 2,944,370. Teradyne has a 52-week low of $28.38 and a 52-week high of $48.53. The stock has a market cap of $8,713.34, a PE ratio of 34.98, a PEG ratio of 1.50 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.00 and a quick ratio of 4.76.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, February 23rd will be given a dividend of $0.09 per share. This is a boost from Teradyne’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, February 22nd. This represents a $0.36 dividend on an annualized basis and a yield of 0.81%. Teradyne’s dividend payout ratio is presently 28.35%.
Teradyne announced that its board has approved a share buyback plan on Wednesday, January 24th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the semiconductor company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
In other Teradyne news, insider Mark E. Jagiela sold 30,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $44.96, for a total value of $1,348,800.00. Following the completion of the transaction, the insider now owns 244,516 shares of the company’s stock, valued at $10,993,439.36. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Gregory Stephen Smith sold 7,431 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $44.51, for a total transaction of $330,753.81. Following the completion of the transaction, the insider now directly owns 6,599 shares of the company’s stock, valued at approximately $293,721.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 146,009 shares of company stock valued at $6,731,077. Corporate insiders own 0.62% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Teradyne by 2,678.1% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,195 shares of the semiconductor company’s stock worth $156,000 after buying an additional 4,044 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Teradyne in the fourth quarter worth $156,000. Focused Wealth Management Inc purchased a new position in shares of Teradyne in the fourth quarter worth $163,000. Krilogy Financial LLC purchased a new position in shares of Teradyne in the third quarter worth $179,000. Finally, We Are One Seven LLC purchased a new position in shares of Teradyne in the fourth quarter worth $179,000. 98.08% of the stock is owned by institutional investors and hedge funds.
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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, communications, and aerospace and defense industries.
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