Teradyne’s (TER) Neutral Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reiterated their neutral rating on shares of Teradyne (NASDAQ:TER) in a report published on Thursday, Benzinga reports. Cantor Fitzgerald currently has a $180.00 price target on the stock.

Several other equities research analysts have also commented on the stock. Robert W. Baird raised their price target on shares of Teradyne from $110.00 to $120.00 and gave the company an outperform rating in a research note on Friday, April 26th. JPMorgan Chase & Co. raised their price objective on shares of Teradyne from $120.00 to $145.00 and gave the company a neutral rating in a research note on Tuesday, July 23rd. The Goldman Sachs Group raised their price objective on shares of Teradyne from $118.00 to $161.00 and gave the company a buy rating in a research note on Tuesday, May 28th. Northland Capmk lowered shares of Teradyne from a strong-buy rating to a hold rating in a research note on Thursday, July 18th. Finally, KeyCorp raised their price objective on shares of Teradyne from $160.00 to $180.00 and gave the company an overweight rating in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Teradyne has a consensus rating of Hold and a consensus price target of $141.50.

Teradyne Trading Up 1.7 %

Shares of NASDAQ:TER opened at $126.46 on Thursday. The firm’s 50 day moving average is $146.83 and its two-hundred day moving average is $121.47. Teradyne has a 52 week low of $81.07 and a 52 week high of $163.21. The firm has a market capitalization of $19.74 billion, a P/E ratio of 48.08, a PEG ratio of 2.37 and a beta of 1.50.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The company had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. During the same quarter last year, the business earned $0.79 earnings per share. Teradyne’s revenue was up 6.6% compared to the same quarter last year. Analysts predict that Teradyne will post 3.08 EPS for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Tuesday, May 21st. Teradyne’s payout ratio is 18.25%.

Insider Buying and Selling

In related news, CFO Sanjay Mehta sold 3,750 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the transaction, the chief financial officer now owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Teradyne news, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the transaction, the chief financial officer now directly owns 41,902 shares in the company, valued at approximately $5,030,754.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard John Burns sold 5,005 shares of Teradyne stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $137.64, for a total transaction of $688,888.20. Following the transaction, the insider now owns 21,780 shares in the company, valued at $2,997,799.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,005 shares of company stock worth $1,304,763. Corporate insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Several institutional investors and hedge funds have recently added to or reduced their stakes in TER. HB Wealth Management LLC grew its holdings in shares of Teradyne by 13.7% during the 4th quarter. HB Wealth Management LLC now owns 2,441 shares of the company’s stock valued at $265,000 after acquiring an additional 294 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Teradyne by 3.8% during the 4th quarter. Raymond James & Associates now owns 448,581 shares of the company’s stock valued at $48,680,000 after acquiring an additional 16,595 shares in the last quarter. CVA Family Office LLC purchased a new position in shares of Teradyne during the 4th quarter valued at $33,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Teradyne by 6.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 9,330 shares of the company’s stock valued at $1,013,000 after acquiring an additional 577 shares in the last quarter. Finally, Caprock Group LLC purchased a new position in shares of Teradyne during the 4th quarter valued at $211,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

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.