Teradyne, Inc. (NASDAQ:TER) Receives Average Rating of "Moderate Buy" from Brokerages

Teradyne, Inc. (NASDAQ:TER - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seventeen ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $121.44.

TER has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on Teradyne from $145.00 to $120.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. Northland Securities cut their price target on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Vertical Research initiated coverage on shares of Teradyne in a research note on Friday, March 7th. They issued a "buy" rating and a $135.00 price objective for the company. Robert W. Baird lowered their price objective on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Finally, TD Cowen reduced their target price on Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, March 12th.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard John Burns sold 445 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $49,613.05. Following the sale, the insider now owns 25,191 shares of the company's stock, valued at $2,808,544.59. This trade represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,479 shares of company stock valued at $1,013,134. Insiders own 0.18% of the company's stock.

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Institutional Trading of Teradyne

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Teradyne by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock worth $2,569,511,000 after acquiring an additional 92,428 shares during the last quarter. State Street Corp boosted its holdings in Teradyne by 5.4% in the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company's stock valued at $921,458,000 after purchasing an additional 350,002 shares during the period. Van ECK Associates Corp grew its position in Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after purchasing an additional 1,846,079 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Teradyne by 28.3% during the 4th quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock worth $608,025,000 after purchasing an additional 1,065,474 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Teradyne by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company's stock valued at $515,665,000 after buying an additional 94,374 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Trading Down 2.2 %

Shares of NASDAQ TER traded down $1.94 during midday trading on Monday, reaching $88.01. The company's stock had a trading volume of 2,200,390 shares, compared to its average volume of 2,301,220. Teradyne has a one year low of $82.98 and a one year high of $163.21. The company has a market cap of $14.23 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. The company has a 50 day moving average price of $110.05 and a 200 day moving average price of $117.99.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Research analysts anticipate that Teradyne will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.55%. Teradyne's dividend payout ratio (DPR) is presently 14.41%.

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.