Teradyne, Inc. (NASDAQ:TER) Given Average Recommendation of "Hold" by Brokerages

Shares of Teradyne, Inc. (NASDAQ:TER - Get Free Report) have been given a consensus recommendation of "Hold" by the fifteen brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $138.71.

A number of analysts have recently weighed in on the company. Citigroup cut their target price on Teradyne from $185.00 to $162.00 and set a "buy" rating for the company in a research report on Friday, July 26th. Northland Capmk cut shares of Teradyne from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 18th. Robert W. Baird decreased their target price on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday. KeyCorp boosted their target price on shares of Teradyne from $160.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, July 12th. Finally, StockNews.com lowered shares of Teradyne from a "hold" rating to a "sell" rating in a research report on Monday.

Teradyne Stock Up 0.9 %

Shares of Teradyne stock traded up $1.03 during trading on Friday, reaching $111.75. The company's stock had a trading volume of 3,572,674 shares, compared to its average volume of 2,021,266. Teradyne has a 52 week low of $81.07 and a 52 week high of $163.21. The firm has a market cap of $18.24 billion, a PE ratio of 36.76, a P/E/G ratio of 2.57 and a beta of 1.49. The business's 50-day moving average price is $129.84 and its 200-day moving average price is $131.70.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.12. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The firm had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. During the same quarter in the prior year, the business posted $0.80 EPS. The business's revenue was up 4.8% compared to the same quarter last year. Equities analysts predict that Teradyne will post 3.02 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 annualized dividend and a yield of 0.43%. Teradyne's dividend payout ratio is presently 15.79%.

Insider Transactions at Teradyne

In other news, CFO Sanjay Mehta sold 6,153 shares of the firm's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the completion of the transaction, the chief financial officer now owns 35,834 shares of the company's stock, valued at approximately $4,768,072.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Mercedes Johnson sold 625 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total value of $83,431.25. Following the sale, the director now directly owns 16,518 shares in the company, valued at $2,204,987.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Sanjay Mehta sold 6,153 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total transaction of $818,718.18. Following the transaction, the chief financial officer now owns 35,834 shares of the company's stock, valued at approximately $4,768,072.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,977 shares of company stock worth $1,979,834. Insiders own 0.36% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC acquired a new stake in Teradyne during the second quarter worth approximately $27,000. Rothschild Investment LLC acquired a new stake in shares of Teradyne during the 2nd quarter worth approximately $33,000. Quarry LP grew its position in shares of Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company's stock worth $35,000 after buying an additional 169 shares during the period. Tortoise Investment Management LLC increased its stake in shares of Teradyne by 76.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company's stock valued at $40,000 after acquiring an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Teradyne by 3,800.0% during the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company's stock valued at $52,000 after acquiring an additional 342 shares during the period. 99.77% of the stock is owned by institutional investors.

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.