Shares of Teradyne, Inc. (NYSE:TER) have earned an average rating of “Buy” from the seventeen research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $36.64.
Several brokerages have issued reports on TER. BidaskClub raised shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Friday, August 25th. KeyCorp reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Teradyne in a research report on Saturday, September 16th. Finally, Stifel Nicolaus raised shares of Teradyne from a “hold” rating to a “buy” rating and increased their price objective for the company from $32.00 to $39.00 in a research report on Wednesday, July 5th. They noted that the move was a valuation call.
Teradyne (NYSE TER) opened at 36.45 on Friday. The firm has a market cap of $7.21 billion, a PE ratio of 18.81 and a beta of 0.94. Teradyne has a 12-month low of $20.22 and a 12-month high of $36.94. The firm’s 50-day moving average is $34.77 and its 200 day moving average is $33.44.
Teradyne (NYSE:TER) last issued its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.04. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The company had revenue of $697.00 million during the quarter, compared to the consensus estimate of $683.66 million. During the same quarter last year, the company earned $0.55 earnings per share. Teradyne’s revenue for the quarter was up 31.1% on a year-over-year basis. Equities research analysts predict that Teradyne will post $1.97 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 7th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Wednesday, September 6th. Teradyne’s payout ratio is currently 14.51%.
In other news, Director Michael A. Bradley sold 22,168 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $35.64, for a total transaction of $790,067.52. Following the completion of the sale, the director now owns 194,938 shares of the company’s stock, valued at $6,947,590.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Edwin J. Gillis sold 41,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $35.63, for a total transaction of $1,460,830.00. Following the sale, the director now directly owns 49,638 shares of the company’s stock, valued at approximately $1,768,601.94. The disclosure for this sale can be found here. Insiders have sold 141,698 shares of company stock valued at $5,012,857 in the last three months. Corporate insiders own 0.62% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in TER. BlackRock Inc. grew its position in shares of Teradyne by 11,980.5% during the first quarter. BlackRock Inc. now owns 18,369,484 shares of the semiconductor company’s stock worth $571,292,000 after buying an additional 18,217,425 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Teradyne by 238.2% during the second quarter. JPMorgan Chase & Co. now owns 3,877,810 shares of the semiconductor company’s stock worth $116,451,000 after buying an additional 2,731,167 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Teradyne by 71.0% during the second quarter. Wells Fargo & Company MN now owns 4,293,075 shares of the semiconductor company’s stock worth $128,922,000 after buying an additional 1,781,854 shares in the last quarter. Capital Growth Management LP acquired a new stake in shares of Teradyne during the first quarter worth approximately $55,047,000. Finally, Coatue Management LLC acquired a new stake in shares of Teradyne during the second quarter worth approximately $39,545,000. 93.10% of the stock is owned by institutional investors and hedge funds.
Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.
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