Teradyne, Inc. (NASDAQ:TER) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Teradyne, Inc. (NASDAQ:TER) has earned an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $142.62.

TER has been the subject of a number of research analyst reports. Evercore ISI upped their price target on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Northland Securities reduced their target price on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. Stifel Nicolaus lowered their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Craig Hallum decreased their price objective on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Finally, StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 83,816 shares in the company, valued at $10,896,080. This represents a 3.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the sale, the insider now directly owns 21,864 shares in the company, valued at approximately $2,903,539.20. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,199 shares of company stock valued at $1,080,634 in the last 90 days. 0.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TER. Ashton Thomas Private Wealth LLC bought a new stake in shares of Teradyne in the second quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new position in Teradyne in the 3rd quarter valued at $29,000. Rothschild Investment LLC acquired a new position in shares of Teradyne during the 2nd quarter worth $33,000. Quarry LP grew its stake in shares of Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after buying an additional 169 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its stake in shares of Teradyne by 76.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Up 2.3 %

NASDAQ:TER opened at $110.67 on Tuesday. The company’s 50 day moving average is $119.65 and its 200-day moving average is $131.62. Teradyne has a 12 month low of $90.24 and a 12 month high of $163.21. The firm has a market cap of $18.02 billion, a price-to-earnings ratio of 35.13, a P/E/G ratio of 2.34 and a beta of 1.52.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The firm had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. During the same quarter last year, the firm posted $0.80 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. Research analysts predict that Teradyne will post 3.17 EPS for the current fiscal year.

Teradyne announced that its board has approved a stock repurchase plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

About Teradyne

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.