Shares of Teradyne, Inc. (NYSE:TER) have earned a consensus recommendation of “Buy” from the sixteen research firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $48.83.
Several brokerages have issued reports on TER. Citigroup upped their price target on shares of Teradyne from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Teradyne from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Monday, January 29th. Needham & Company LLC upped their price target on shares of Teradyne from $47.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, January 26th. DA Davidson upped their price target on shares of Teradyne to $55.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Stifel Nicolaus upped their price target on shares of Teradyne from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th.
In other news, VP Charles Jeffrey Gray sold 5,040 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $47.25, for a total transaction of $238,140.00. Following the completion of the sale, the vice president now directly owns 31,593 shares in the company, valued at $1,492,769.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Gregory R. Beecher sold 71,300 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $46.57, for a total transaction of $3,320,441.00. Following the sale, the chief financial officer now owns 77,676 shares of the company’s stock, valued at $3,617,371.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,009 shares of company stock valued at $6,731,077. 0.62% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of TER. Ark Investment Management LLC increased its position in shares of Teradyne by 32.1% during the second quarter. Ark Investment Management LLC now owns 172,918 shares of the semiconductor company’s stock worth $5,193,000 after buying an additional 42,031 shares during the period. First Trust Advisors LP increased its position in shares of Teradyne by 193.1% during the third quarter. First Trust Advisors LP now owns 142,499 shares of the semiconductor company’s stock worth $5,314,000 after buying an additional 93,874 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Teradyne during the third quarter worth $278,000. Principal Financial Group Inc. increased its position in shares of Teradyne by 0.8% during the third quarter. Principal Financial Group Inc. now owns 864,158 shares of the semiconductor company’s stock worth $32,225,000 after buying an additional 7,179 shares during the period. Finally, Alps Advisors Inc. acquired a new stake in shares of Teradyne during the third quarter worth $486,000. Institutional investors own 98.56% of the company’s stock.
Shares of Teradyne (NYSE:TER) traded down $1.78 during trading hours on Friday, reaching $47.72. 3,019,432 shares of the company traded hands, compared to its average volume of 2,650,090. The company has a market cap of $9,573.76, a P/E ratio of 38.31, a price-to-earnings-growth ratio of 1.62 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 4.76 and a current ratio of 5.00. Teradyne has a fifty-two week low of $29.68 and a fifty-two week high of $50.68.
Teradyne (NYSE:TER) last issued its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.12. The business had revenue of $479.00 million during the quarter, compared to the consensus estimate of $438.85 million. Teradyne had a net margin of 12.06% and a return on equity of 23.37%. The firm’s revenue was up 26.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 EPS. equities analysts predict that Teradyne will post 2.52 earnings per share for the current fiscal year.
Teradyne announced that its board has authorized a stock buyback program on Wednesday, January 24th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, February 23rd will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This is a boost from Teradyne’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a dividend yield of 0.75%. Teradyne’s dividend payout ratio is 28.35%.
Teradyne Company Profile
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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