Teradyne, Inc. (NYSE:TER) has earned an average recommendation of “Buy” from the fifteen brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $48.00.
TER has been the topic of several analyst reports. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, November 28th. Goldman Sachs raised shares of Teradyne from a “neutral” rating to a “buy” rating in a report on Tuesday, December 12th. ValuEngine raised shares of Teradyne from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. DA Davidson upped their target price on shares of Teradyne to $55.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, Stifel Nicolaus upped their target price on shares of Teradyne from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th.
In related news, CFO Gregory R. Beecher sold 71,300 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $46.57, for a total transaction of $3,320,441.00. Following the transaction, the chief financial officer now owns 77,676 shares in the company, valued at approximately $3,617,371.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Charles Jeffrey Gray sold 5,040 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $47.25, for a total transaction of $238,140.00. Following the transaction, the vice president now owns 31,593 shares in the company, valued at approximately $1,492,769.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 146,009 shares of company stock worth $6,731,077. 0.62% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of TER. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Teradyne in the fourth quarter valued at $156,000. Focused Wealth Management Inc bought a new stake in shares of Teradyne in the fourth quarter worth $163,000. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Teradyne by 2,678.1% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,195 shares of the semiconductor company’s stock worth $156,000 after acquiring an additional 4,044 shares during the period. We Are One Seven LLC bought a new stake in shares of Teradyne in the fourth quarter worth $179,000. Finally, Krilogy Financial LLC bought a new stake in shares of Teradyne in the third quarter worth $179,000. Institutional investors and hedge funds own 98.56% of the company’s stock.
Shares of Teradyne (NYSE TER) traded up $0.28 during trading on Friday, reaching $48.98. 523,155 shares of the company’s stock traded hands, compared to its average volume of 2,634,120. The company has a market cap of $9,620.66, a price-to-earnings ratio of 38.35, a PEG ratio of 1.63 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.00 and a quick ratio of 4.76. Teradyne has a 12-month low of $29.68 and a 12-month high of $50.68.
Teradyne (NYSE:TER) last announced its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.12. Teradyne had a net margin of 12.06% and a return on equity of 23.37%. The firm had revenue of $479.00 million for the quarter, compared to analyst estimates of $438.85 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. sell-side analysts forecast that Teradyne will post 2.52 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, February 23rd will be given a dividend of $0.09 per share. This is an increase from Teradyne’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.36 annualized dividend and a yield of 0.73%. Teradyne’s dividend payout ratio is 28.35%.
Teradyne declared that its Board of Directors has initiated a stock buyback program on Wednesday, January 24th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
ILLEGAL ACTIVITY NOTICE: “Teradyne, Inc. (TER) Receives $48.00 Average Target Price from Brokerages” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/03/20/teradyne-inc-ter-receives-48-00-average-target-price-from-brokerages.html.
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.
Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter.