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

Shares of Teradyne, Inc. (NASDAQ:TER) have been given a consensus rating of “Moderate Buy” by the sixteen research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $339.80.

Several research analysts have issued reports on TER shares. Morgan Stanley set a $387.00 price objective on Teradyne in a research note on Thursday, April 30th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price for the company in a research note on Thursday, April 30th. The Goldman Sachs Group upped their price target on shares of Teradyne from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Citigroup increased their price objective on shares of Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, April 30th.

Teradyne Price Performance

Teradyne stock opened at $437.92 on Wednesday. The stock has a fifty day moving average price of $374.49 and a two-hundred day moving average price of $300.85. Teradyne has a 52-week low of $84.24 and a 52-week high of $440.75. The firm has a market capitalization of $68.55 billion, a P/E ratio of 81.10, a P/E/G ratio of 1.80 and a beta of 1.79.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the company posted $0.75 earnings per share. The business’s revenue for the quarter was up 87.0% compared to the same quarter last year. On average, equities research analysts predict that Teradyne will post 7.09 EPS for the current fiscal year.

Teradyne Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. This is an increase from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s payout ratio is currently 9.63%.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the sale, the chief executive officer owned 120,470 shares of the company’s stock, valued at $50,962,424.10. This represents a 3.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the sale, the vice president directly owned 7,665 shares in the company, valued at approximately $2,894,304. This represents a 8.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,941 shares of company stock valued at $5,444,112 in the last 90 days. 0.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Teradyne

A number of hedge funds have recently added to or reduced their stakes in the stock. Western Wealth Management LLC bought a new stake in Teradyne during the 1st quarter worth about $293,000. FAS Wealth Partners Inc. acquired a new stake in Teradyne in the first quarter worth about $261,000. Evansbrook LLC acquired a new stake in Teradyne in the first quarter worth about $205,000. Parallel Advisors LLC increased its position in Teradyne by 7.3% in the first quarter. Parallel Advisors LLC now owns 1,686 shares of the company’s stock worth $500,000 after purchasing an additional 114 shares during the period. Finally, NewEdge Advisors LLC increased its position in Teradyne by 35.7% in the first quarter. NewEdge Advisors LLC now owns 20,725 shares of the company’s stock worth $6,144,000 after purchasing an additional 5,455 shares during the period. Institutional investors own 99.77% of the company’s stock.

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.