Analysts Set Teradyne, Inc. (NASDAQ:TER) Price Target at $150.33

Shares of Teradyne, Inc. (NASDAQ:TER) have been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $150.33.

TER has been the subject of a number of research analyst reports. Robert W. Baird lowered their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Northland Securities upgraded shares of Teradyne from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $117.00 to $154.00 in a report on Monday, January 6th. Craig Hallum cut their price objective on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Evercore ISI upped their target price on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, Stifel Nicolaus cut their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On Teradyne

Institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC increased its stake in Teradyne by 2.3% in the second quarter. Commonwealth Equity Services LLC now owns 15,196 shares of the company’s stock valued at $2,254,000 after purchasing an additional 343 shares in the last quarter. TD Asset Management Inc boosted its holdings in Teradyne by 5.7% in the second quarter. TD Asset Management Inc now owns 67,307 shares of the company’s stock worth $9,981,000 after acquiring an additional 3,624 shares in the last quarter. Private Advisor Group LLC grew its stake in Teradyne by 3.2% in the second quarter. Private Advisor Group LLC now owns 6,110 shares of the company’s stock valued at $906,000 after acquiring an additional 190 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Teradyne during the second quarter valued at approximately $977,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Teradyne during the second quarter worth approximately $865,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Performance

Shares of TER stock opened at $134.17 on Wednesday. Teradyne has a fifty-two week low of $92.29 and a fifty-two week high of $163.21. The company has a market cap of $21.85 billion, a PE ratio of 42.59, a P/E/G ratio of 2.66 and a beta of 1.46. The stock’s fifty day moving average price is $118.51 and its two-hundred day moving average price is $127.42.

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

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Monday, November 25th. Teradyne’s dividend payout ratio is currently 15.24%.

Teradyne declared that its Board of Directors has authorized a share repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 0.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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.