Analysts Set Teradyne, Inc. (NASDAQ:TER) Price Target at $150.33

Teradyne, Inc. (NASDAQ:TER - Get Free Report) has received a consensus rating of "Moderate Buy" from the thirteen research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $150.33.

TER has been the topic of a number of recent research reports. Evercore ISI upped their target price on Teradyne from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Northland Capmk upgraded Teradyne from a "hold" rating to a "strong-buy" rating in a research report on Monday. Stifel Nicolaus cut their target price on shares of Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a report on Friday, October 25th. Craig Hallum lowered their price target on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a report on Friday, October 25th. Finally, Northland Securities upgraded shares of Teradyne from a "market perform" rating to an "outperform" rating and raised their price target for the company from $117.00 to $154.00 in a research report on Monday.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Teradyne

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Teradyne during the 3rd quarter worth approximately $2,221,000. MBB Public Markets I LLC purchased a new position in Teradyne in the second quarter worth approximately $1,619,000. Cerity Partners LLC increased its stake in Teradyne by 87.1% during the third quarter. Cerity Partners LLC now owns 11,371 shares of the company's stock worth $1,523,000 after acquiring an additional 5,294 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Teradyne by 17.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company's stock valued at $10,325,000 after purchasing an additional 11,541 shares during the period. Finally, Franklin Resources Inc. raised its position in Teradyne by 30.5% in the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock valued at $11,878,000 after purchasing an additional 20,762 shares during the period. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Stock Down 1.2 %

Shares of NASDAQ:TER traded down $1.67 during trading on Wednesday, hitting $137.15. The stock had a trading volume of 2,178,069 shares, compared to its average volume of 2,636,473. Teradyne has a 12-month low of $92.29 and a 12-month high of $163.21. The stock has a market capitalization of $22.34 billion, a price-to-earnings ratio of 43.54, a price-to-earnings-growth ratio of 2.66 and a beta of 1.46. The stock has a 50-day simple moving average of $116.79 and a two-hundred day simple moving average of $127.64.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly 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. The company had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. Teradyne's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.80 EPS. As a group, sell-side analysts forecast that Teradyne will post 3.17 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Monday, November 25th. Teradyne's dividend payout ratio is presently 15.24%.

Teradyne declared that its board has approved a stock buyback plan on Monday, November 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to purchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

About Teradyne

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.