Teradyne, Inc. (NASDAQ:TER) Stock Has Average Price Target of $396.80

Teradyne, Inc. (NASDAQ:TER – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $396.80.

A number of analysts have issued reports on TER shares. UBS Group lifted their price objective on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Weiss Ratings upgraded Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Morgan Stanley raised their target price on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Zacks Research cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Bank of America upped their price target on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd.

Check Out Our Latest Stock Report on Teradyne

Teradyne Stock Up 3.7%

Shares of Teradyne stock opened at $415.79 on Friday. Teradyne has a twelve month low of $131.75 and a twelve month high of $487.91. The business has a 50-day moving average price of $373.10 and a 200-day moving average price of $367.34. The firm has a market cap of $65.00 billion, a price-to-earnings ratio of 57.04, a PEG ratio of 0.81 and a beta of 1.75.

Teradyne (NASDAQ:TER – Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business earned $0.57 earnings per share. The firm’s revenue for the quarter was up 103.9% on a year-over-year basis. On average, equities analysts expect that Teradyne will post 9.11 EPS for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, September 4th. Teradyne’s dividend payout ratio (DPR) is presently 7.13%.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Smith sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $337.83, for a total transaction of $1,351,320.00. Following the sale, the chief executive officer directly owned 108,495 shares in the company, valued at approximately $36,652,865.85. This represents a 3.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Community Financial Services Group LLC bought a new stake in shares of Teradyne in the 2nd quarter valued at approximately $29,000. McIlrath & Eck LLC bought a new position in shares of Teradyne during the 1st quarter valued at approximately $30,000. Elevation Wealth Partners LLC increased its position in shares of Teradyne by 1,320.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after purchasing an additional 66 shares during the last quarter. Mcdonald Partners LLC purchased a new stake in Teradyne during the 2nd quarter valued at $36,000. Finally, University of Texas Texas AM Investment Management Co. purchased a new stake in Teradyne during the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Company Profile

(Get Free Report)

Teradyne, Inc is a global provider of automated test equipment and industrial automation solutions. Founded in 1960 and headquartered in North Reading, Massachusetts, the company develops systems that help manufacturers test the performance, quality, and reliability of electronic products and components.

Teradyne’s products include semiconductor test systems used to evaluate integrated circuits, memory devices, and other semiconductor components. The company also provides test solutions for wireless products, storage systems, and complex electronic systems, along with related software, services, and support.

Through its Industrial Automation segment, Teradyne offers collaborative robots from Universal Robots, autonomous mobile robots from Mobile Industrial Robots, and robotic arms and systems for manufacturing and other industrial applications.

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Analyst Recommendations for Teradyne (NASDAQ:TER)

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