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

Cantor Fitzgerald reissued their overweight rating on shares of Teradyne (NASDAQ:TER) in a report released on Thursday,Benzinga reports. Cantor Fitzgerald currently has a $160.00 price target on the stock.

A number of other equities analysts also recently commented on the stock. Northland Securities raised shares of Teradyne from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $117.00 to $154.00 in a research note on Monday, January 6th. Robert W. Baird decreased their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Susquehanna boosted their price objective on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research note on Wednesday, January 22nd. Finally, Morgan Stanley downgraded shares of Teradyne from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $121.00 to $117.00 in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $149.31.

Teradyne Stock Performance

Teradyne stock opened at $115.08 on Thursday. The company has a market capitalization of $18.74 billion, a PE ratio of 34.56, a P/E/G ratio of 2.04 and a beta of 1.46. The company has a 50 day moving average price of $125.22 and a 200-day moving average price of $125.64. Teradyne has a fifty-two week low of $92.29 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.23%. On average, analysts forecast that Teradyne will post 4.1 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio is presently 14.41%.

Teradyne announced that its Board of Directors has approved a share buyback plan on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Teradyne

In other Teradyne news, insider Richard John Burns sold 407 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $49,047.57. Following the transaction, the insider now owns 20,764 shares of the company’s stock, valued at approximately $2,502,269.64. The trade was a 1.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sanjay Mehta sold 1,789 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the sale, the chief financial officer now directly owns 33,308 shares of the company’s stock, valued at $4,013,947.08. This trade represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,383 shares of company stock valued at $677,935. Corporate insiders own 0.36% of the company’s stock.

Institutional Trading of Teradyne

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp raised its position in Teradyne by 5.4% in the third quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after purchasing an additional 350,002 shares during the period. Van ECK Associates Corp boosted its holdings in Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after acquiring an additional 1,846,079 shares during the period. Geode Capital Management LLC grew its position in Teradyne by 5.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock valued at $535,484,000 after acquiring an additional 209,868 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Teradyne by 16.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock worth $355,837,000 after purchasing an additional 393,175 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Teradyne by 7.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,390,896 shares of the company’s stock valued at $302,582,000 after purchasing an additional 157,838 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

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.