Susquehanna Issues Positive Forecast for Teradyne (NASDAQ:TER) Stock Price

Teradyne (NASDAQ:TER) had its price objective lifted by Susquehanna from $145.00 to $165.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a positive rating on the stock.

A number of other brokerages also recently commented on TER. Evercore ISI upped their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Northland Securities raised Teradyne from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $117.00 to $154.00 in a research note on Monday, January 6th. Finally, Robert W. Baird lowered their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.31.

Teradyne Stock Down 1.4 %

Shares of NASDAQ:TER opened at $129.92 on Wednesday. The company’s fifty day moving average is $123.95 and its two-hundred day moving average is $126.64. The company has a market cap of $21.16 billion, a P/E ratio of 41.24, a price-to-earnings-growth ratio of 2.25 and a beta of 1.46. Teradyne has a 12-month low of $92.29 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. During the same period in the previous year, the firm earned $0.80 earnings per share. Teradyne’s quarterly revenue was up 4.8% on a year-over-year basis. Equities research analysts anticipate that Teradyne will post 3.17 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.48 annualized dividend and a yield of 0.37%. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Teradyne announced that its board has initiated a share buyback plan on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. This represents a 3.96 % 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 this hyperlink. 0.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Teradyne

Several large investors have recently bought and sold shares of TER. Capital Performance Advisors LLP acquired a new position in shares of Teradyne during the third quarter valued at about $29,000. Quarry LP raised its holdings in Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares in the last quarter. Coastline Trust Co bought a new stake in shares of Teradyne in the 3rd quarter worth approximately $46,000. Brooklyn Investment Group acquired a new stake in shares of Teradyne during the 3rd quarter worth approximately $52,000. Finally, Eastern Bank bought a new stake in shares of Teradyne during the third quarter valued at approximately $67,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Company Profile

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.