Teradyne, Inc. (NASDAQ:TER) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Teradyne, Inc. (NASDAQ:TER) have been assigned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $143.77.

TER has been the topic of a number of research analyst reports. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. JPMorgan Chase & Co. cut their target price on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. UBS Group decreased their price target on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Susquehanna increased their price objective on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Finally, Robert W. Baird decreased their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th.

Teradyne Stock Up 1.3 %

Shares of NASDAQ TER opened at $114.07 on Friday. The company has a market capitalization of $18.58 billion, a PE ratio of 34.26, a P/E/G ratio of 2.67 and a beta of 1.45. Teradyne has a twelve month low of $95.80 and a twelve month high of $163.21. The firm has a fifty day simple moving average of $125.64 and a 200 day simple moving average of $124.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. As a group, equities analysts expect that Teradyne will post 4.02 earnings per share for the current fiscal year.

Teradyne declared that its board has initiated a share buyback program on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a $0.12 dividend. 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 payout ratio is currently 14.41%.

Insider Transactions at Teradyne

In related news, insider Richard John Burns sold 445 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $49,613.05. Following the completion of the sale, the insider now directly owns 25,191 shares of the company’s stock, valued at approximately $2,808,544.59. This trade represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock worth $1,013,134 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Teradyne

A number of large investors have recently added to or reduced their stakes in TER. Vestmark Advisory Solutions Inc. grew its position in shares of Teradyne by 2.5% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 75,770 shares of the company’s stock valued at $9,437,000 after acquiring an additional 1,857 shares during the period. Raymond James Financial Inc. purchased a new position in Teradyne in the fourth quarter valued at approximately $160,087,000. Arizona State Retirement System grew its holdings in Teradyne by 5.9% during the fourth quarter. Arizona State Retirement System now owns 47,369 shares of the company’s stock valued at $5,965,000 after purchasing an additional 2,643 shares during the period. Proficio Capital Partners LLC bought a new position in Teradyne during the fourth quarter valued at $12,118,000. Finally, M&T Bank Corp increased its position in Teradyne by 2.4% in the fourth quarter. M&T Bank Corp now owns 8,851 shares of the company’s stock worth $1,115,000 after buying an additional 206 shares during the last quarter. Hedge funds and other 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.