Teradyne (NYSE:TER) had its target price raised by Stifel Nicolaus from $48.00 to $50.00 in a research report released on Tuesday, BenzingaRatingsTable reports. They currently have a buy rating on the semiconductor company’s stock.
A number of other analysts have also issued reports on TER. Citigroup reiterated a buy rating and set a $41.00 price target (down from $47.00) on shares of Teradyne in a research note on Monday, December 17th. Northland Securities started coverage on shares of Teradyne in a research note on Tuesday, December 18th. They set a market perform rating and a $35.00 price target on the stock. Robert W. Baird lowered shares of Teradyne from an outperform rating to a neutral rating and cut their price target for the stock from $50.68 to $29.89 in a research note on Friday, December 21st. Credit Suisse Group reissued a hold rating on shares of Teradyne in a research report on Friday, January 25th. Finally, Zacks Investment Research raised Teradyne from a sell rating to a hold rating in a research report on Tuesday, January 29th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $38.77.
Shares of NYSE:TER opened at $45.13 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.76 and a current ratio of 4.10. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25. Teradyne has a 1 year low of $28.73 and a 1 year high of $45.80.
Teradyne (NYSE:TER) last issued its quarterly earnings results on Wednesday, January 23rd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.13. The company had revenue of $520.00 million for the quarter, compared to analyst estimates of $494.17 million. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. Analysts anticipate that Teradyne will post 2.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 22nd were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Thursday, February 21st. Teradyne’s dividend payout ratio is presently 15.38%.
In related news, CFO Gregory R. Beecher sold 26,778 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $36.93, for a total value of $988,911.54. Following the completion of the transaction, the chief financial officer now directly owns 82,679 shares of the company’s stock, valued at $3,053,335.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark E. Jagiela sold 139,935 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $39.19, for a total value of $5,484,052.65. Following the completion of the transaction, the insider now directly owns 335,555 shares of the company’s stock, valued at $13,150,400.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 211,079 shares of company stock valued at $8,102,210. Corporate insiders own 0.49% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its holdings in Teradyne by 3.8% in the third quarter. The Manufacturers Life Insurance Company now owns 316,808 shares of the semiconductor company’s stock valued at $11,715,000 after purchasing an additional 11,661 shares in the last quarter. Commonwealth Bank of Australia lifted its stake in Teradyne by 10.8% in the fourth quarter. Commonwealth Bank of Australia now owns 10,300 shares of the semiconductor company’s stock valued at $323,000 after buying an additional 1,000 shares during the last quarter. Boston Family Office LLC lifted its stake in Teradyne by 18.0% in the fourth quarter. Boston Family Office LLC now owns 17,725 shares of the semiconductor company’s stock valued at $556,000 after buying an additional 2,700 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Teradyne by 15.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,966,313 shares of the semiconductor company’s stock valued at $61,703,000 after buying an additional 262,014 shares during the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in Teradyne in the fourth quarter valued at approximately $191,000.
Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.
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