Teradyne, Inc. (NASDAQ:TER) Receives $200.44 Average Target Price from Analysts

Teradyne, Inc. (NASDAQ:TER) has received a consensus rating of “Moderate Buy” from the eighteen research firms that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $200.4375.

A number of brokerages have recently weighed in on TER. Bank of America boosted their price objective on shares of Teradyne from $235.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Zacks Research cut Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Citigroup lifted their target price on Teradyne from $117.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. UBS Group increased their price target on shares of Teradyne from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Northland Securities set a $186.00 price target on shares of Teradyne in a research report on Thursday, October 30th.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.16% of the company’s stock.

Institutional Trading of Teradyne

Large investors have recently added to or reduced their stakes in the stock. Bank of Nova Scotia lifted its position in shares of Teradyne by 546.5% during the 2nd quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock worth $8,835,000 after purchasing an additional 83,055 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Teradyne by 3.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,002 shares of the company’s stock worth $24,908,000 after purchasing an additional 9,094 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Teradyne by 291.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 24,995 shares of the company’s stock valued at $2,247,000 after purchasing an additional 18,612 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Teradyne by 73.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock valued at $412,000 after purchasing an additional 1,939 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH purchased a new position in Teradyne during the 3rd quarter worth approximately $895,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Stock Performance

Shares of TER stock opened at $223.98 on Friday. Teradyne has a fifty-two week low of $65.77 and a fifty-two week high of $238.92. The firm has a market capitalization of $35.08 billion, a price-to-earnings ratio of 81.45, a PEG ratio of 1.64 and a beta of 1.84. The stock’s 50-day simple moving average is $196.19 and its 200-day simple moving average is $149.91.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The company had revenue of $769.21 million during the quarter, compared to analysts’ expectations of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. Teradyne’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the business earned $0.90 EPS. As a group, equities analysts forecast that Teradyne will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

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

Teradyne Company Profile

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.