Teradyne (NASDAQ:TER) Raised to “Outperform” at Northland Securities

Northland Securities upgraded shares of Teradyne (NASDAQ:TER) from a market perform rating to an outperform rating in a research report released on Monday, MarketBeat reports. They currently have $154.00 target price on the stock, up from their previous target price of $117.00.

TER has been the topic of a number of other reports. Evercore ISI raised their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and increased their target price for the company from $145.00 to $158.00 in a research note on Monday, December 16th. Stifel Nicolaus reduced their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Finally, Craig Hallum lowered their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and an average price target of $150.33.

Teradyne Stock Performance

Shares of TER opened at $137.15 on Monday. The firm has a market capitalization of $22.34 billion, a price-to-earnings ratio of 43.54, a PEG ratio of 2.66 and a beta of 1.46. Teradyne has a 52 week low of $92.29 and a 52 week high of $163.21. The business’s fifty day moving average price is $117.34 and its two-hundred day moving average price is $127.70.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. During the same period last year, the company earned $0.80 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. As a group, research analysts forecast that Teradyne will post 3.17 EPS for the current year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Teradyne announced that its Board of Directors has approved a share repurchase program on Monday, November 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was 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 owns 74,660 shares of the company’s stock, valued at $9,705,800. This represents a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.36% of the stock is currently owned by insiders.

Institutional Trading of Teradyne

Institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC grew its stake in Teradyne by 2.3% in the second quarter. Commonwealth Equity Services LLC now owns 15,196 shares of the company’s stock valued at $2,254,000 after purchasing an additional 343 shares in the last quarter. TD Asset Management Inc increased its holdings in Teradyne by 5.7% during the second quarter. TD Asset Management Inc now owns 67,307 shares of the company’s stock worth $9,981,000 after buying an additional 3,624 shares during the last quarter. National Bank of Canada FI raised its position in Teradyne by 16.1% during the second quarter. National Bank of Canada FI now owns 66,903 shares of the company’s stock worth $9,872,000 after acquiring an additional 9,298 shares in the last quarter. Private Advisor Group LLC lifted its stake in Teradyne by 3.2% in the second quarter. Private Advisor Group LLC now owns 6,110 shares of the company’s stock valued at $906,000 after acquiring an additional 190 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Teradyne in the 2nd quarter valued at about $977,000. Institutional investors own 99.77% of the company’s stock.

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.