Several other analysts have also weighed in on TER. BidaskClub raised Teradyne from a buy rating to a strong-buy rating in a report on Tuesday, July 25th. Zacks Investment Research raised Teradyne from a sell rating to a hold rating and set a $39.00 price objective for the company in a report on Thursday, July 27th. KeyCorp raised Teradyne from a sector weight rating to an overweight rating and set a $40.00 price objective for the company in a report on Thursday, July 27th. Credit Suisse Group reissued a neutral rating on shares of Teradyne in a report on Thursday, July 27th. Finally, Stifel Nicolaus reissued a buy rating on shares of Teradyne in a report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $40.17.
Shares of Teradyne (NYSE:TER) opened at $44.43 on Monday. Teradyne has a 52-week low of $23.39 and a 52-week high of $44.63. The stock has a market capitalization of $8,550.00, a PE ratio of 19.81, a PEG ratio of 1.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.67 and a current ratio of 4.96.
Teradyne (NYSE:TER) last announced its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.11. The firm had revenue of $503.40 million during the quarter, compared to analyst estimates of $472.86 million. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. Teradyne’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 earnings per share. research analysts predict that Teradyne will post 2.22 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, November 29th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Tuesday, November 28th. Teradyne’s dividend payout ratio (DPR) is presently 13.08%.
In other news, Director Michael A. Bradley sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $43.67, for a total transaction of $873,400.00. Following the completion of the transaction, the director now directly owns 133,504 shares of the company’s stock, valued at $5,830,119.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael A. Bradley sold 22,168 shares of the company’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 value of $790,067.52. Following the transaction, the director now directly owns 194,938 shares of the company’s stock, valued at $6,947,590.32. The disclosure for this sale can be found here. Insiders have sold 236,012 shares of company stock valued at $9,495,829 over the last ninety days. Corporate insiders own 0.62% of the company’s stock.
Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted 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 during the period. BlackRock Inc. boosted its position in shares of Teradyne by 13.3% during the second quarter. BlackRock Inc. now owns 20,807,353 shares of the semiconductor company’s stock worth $624,846,000 after buying an additional 2,437,869 shares during the period. Wells Fargo & Company MN boosted 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 during the period. Coatue Management LLC acquired a new position in shares of Teradyne during the second quarter worth approximately $39,545,000. Finally, Argent Capital Management LLC acquired a new position in shares of Teradyne during the third quarter worth approximately $47,393,000. 97.17% of the stock is owned by institutional investors.
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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