UBS started coverage on shares of Teradyne (NYSE:TER) in a research report sent to investors on Wednesday, www.benzinga.com reports. The firm issued a neutral rating and a $49.00 price target on the semiconductor company’s stock.
A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Teradyne from a strong-buy rating to a hold rating in a research report on Wednesday, March 28th. Bank of America assumed coverage on shares of Teradyne in a research report on Wednesday, March 21st. They set a buy rating and a $58.00 target price for the company. ValuEngine upgraded shares of Teradyne from a hold rating to a buy rating in a research report on Friday, February 2nd. Citigroup lifted their target price on shares of Teradyne from $48.00 to $54.00 and gave the stock a buy rating in a research report on Tuesday, January 30th. Finally, Needham & Company LLC lifted their target price on shares of Teradyne from $47.00 to $52.00 and gave the stock a buy rating in a research report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $48.85.
Shares of TER opened at $42.68 on Wednesday. The company has a quick ratio of 4.76, a current ratio of 5.00 and a debt-to-equity ratio of 0.19. The stock has a market cap of $8,711.94, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 1.27 and a beta of 1.13. Teradyne has a 12-month low of $29.68 and a 12-month high of $50.68.
Teradyne (NYSE:TER) last announced its earnings results on Wednesday, January 24th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.12. The company had revenue of $479.00 million during the quarter, compared to analysts’ expectations of $438.85 million. Teradyne had a net margin of 12.06% and a return on equity of 23.37%. The firm’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share. research analysts anticipate that Teradyne will post 2.53 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, February 23rd were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, February 22nd. This is an increase from Teradyne’s previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.84%. Teradyne’s payout ratio is 15.38%.
Teradyne announced that its Board of Directors has approved a share repurchase program on Wednesday, January 24th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the semiconductor company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
In other news, VP Charles Jeffrey Gray sold 32,238 shares of Teradyne stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $46.31, for a total transaction of $1,492,941.78. Following the completion of the sale, the vice president now directly owns 37,057 shares in the company, valued at $1,716,109.67. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark E. Jagiela sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $44.96, for a total transaction of $1,348,800.00. Following the completion of the sale, the insider now owns 244,516 shares of the company’s stock, valued at $10,993,439.36. 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. Insiders own 0.62% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. purchased a new stake in Teradyne in the fourth quarter valued at approximately $156,000. Focused Wealth Management Inc purchased a new stake in Teradyne in the fourth quarter valued at approximately $163,000. Krilogy Financial LLC purchased a new stake in Teradyne in the third quarter valued at approximately $179,000. We Are One Seven LLC purchased a new stake in Teradyne in the fourth quarter valued at approximately $179,000. Finally, Fiduciary Trust Co. purchased a new stake in Teradyne in the fourth quarter valued at approximately $205,000. Hedge funds and other institutional investors own 98.58% of the company’s stock.
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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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