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

by · The Markets Daily

Teradyne, Inc. (NASDAQ:TERGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the seventeen research firms that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $201.0625.

TER has been the subject of a number of recent research reports. Vertical Research lowered Teradyne from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a report on Friday, January 9th. TD Cowen reaffirmed a “buy” rating on shares of Teradyne in a research report on Thursday. Bank of America increased their price target on Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley lifted their price objective on shares of Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Finally, UBS Group upped their target price on shares of Teradyne from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th.

View Our Latest Stock Report on Teradyne

Insider Activity

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the sale, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Teradyne

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Teradyne by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock worth $2,947,935,000 after purchasing an additional 444,940 shares during the last quarter. State Street Corp grew its holdings in Teradyne by 0.3% during the third quarter. State Street Corp now owns 7,017,649 shares of the company’s stock valued at $965,909,000 after purchasing an additional 24,154 shares during the period. Ameriprise Financial Inc. increased its position in Teradyne by 6.8% in the third quarter. Ameriprise Financial Inc. now owns 5,256,857 shares of the company’s stock worth $723,600,000 after buying an additional 336,757 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Teradyne by 79.7% in the second quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock valued at $340,353,000 after buying an additional 1,679,215 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Teradyne by 11.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,473,173 shares of the company’s stock valued at $490,134,000 after buying an additional 354,876 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Trading Down 1.2%

Shares of TER stock opened at $229.14 on Friday. The firm has a fifty day simple moving average of $198.44 and a two-hundred day simple moving average of $151.02. Teradyne has a 12 month low of $65.77 and a 12 month high of $238.92. The firm has a market capitalization of $35.89 billion, a PE ratio of 83.32, a price-to-earnings-growth ratio of 1.67 and a beta of 1.84.

Teradyne (NASDAQ:TERGet Free Report) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. The firm had revenue of $769.21 million for the quarter, compared to analyst estimates of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $0.90 earnings per share. On average, equities analysts predict that Teradyne will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Monday, November 24th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is currently 17.45%.

Teradyne News Roundup

Here are the key news stories impacting Teradyne this week:

Teradyne Company Profile

(Get Free Report)

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.

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