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

Shares of Teradyne, Inc. (NASDAQ:TER) have been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $143.77.

A number of analysts have recently commented on the company. Susquehanna upped their target price on Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research note on Wednesday, January 22nd. KeyCorp lowered their target price on Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Craig Hallum reduced their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. Stifel Nicolaus reduced their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. Finally, Robert W. Baird reduced their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th.

Insider Activity

In other news, CFO Sanjay Mehta sold 1,789 shares of the company’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 sale, the chief financial officer now directly owns 33,308 shares in the company, valued at $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Ryan Driscoll sold 437 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $44,574.00. Following the completion of the sale, the vice president now owns 4,312 shares of the company’s stock, valued at $439,824. This trade represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock worth $1,013,134 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TER. Capital Performance Advisors LLP purchased a new position in shares of Teradyne during the third quarter worth $29,000. Compass Financial Services Inc purchased a new position in shares of Teradyne during the fourth quarter worth $33,000. Quarry LP boosted its position in shares of Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after buying an additional 169 shares during the period. Manchester Capital Management LLC boosted its position in shares of Teradyne by 264.0% during the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after buying an additional 227 shares during the period. Finally, Coastline Trust Co purchased a new position in shares of Teradyne during the third quarter worth $46,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Stock Performance

Teradyne stock opened at $113.23 on Friday. Teradyne has a fifty-two week low of $95.80 and a fifty-two week high of $163.21. The company has a market cap of $18.44 billion, a PE ratio of 34.00, a PEG ratio of 2.70 and a beta of 1.45. The business’s 50-day simple moving average is $125.71 and its two-hundred day simple moving average is $123.73.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. As a group, analysts predict that Teradyne will post 3.91 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.42%. Teradyne’s payout ratio is currently 14.41%.

Teradyne declared that its Board of Directors has approved a share repurchase plan 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 plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.