Teradyne, Inc. (NASDAQ:TER) Receives $142.62 Average Price Target from Analysts

Shares of Teradyne, Inc. (NASDAQ:TER - Get Free Report) have received a consensus rating of "Moderate Buy" from the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $142.62.

Several equities research analysts recently issued reports on TER shares. Robert W. Baird lowered their target price on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Stifel Nicolaus decreased their price target on shares of Teradyne from $140.00 to $125.00 and set a "hold" rating on the stock in a report on Friday, October 25th. Evercore ISI upped their price objective on Teradyne from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Craig Hallum reduced their target price on 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 decreased their price objective on shares of Teradyne from $126.00 to $117.00 and set a "market perform" rating for the company in a research note on Friday, October 25th.

Teradyne Stock Performance

TER stock traded up $2.27 during trading on Friday, hitting $123.22. The stock had a trading volume of 3,953,845 shares, compared to its average volume of 2,069,738. Teradyne has a 1-year low of $92.29 and a 1-year high of $163.21. The stock has a market cap of $20.07 billion, a price-to-earnings ratio of 39.12, a price-to-earnings-growth ratio of 2.60 and a beta of 1.51. The company's 50 day moving average price is $115.18 and its two-hundred day moving average price is $129.74.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.12. The business had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The company's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 earnings per share. As a group, sell-side analysts forecast that Teradyne will post 3.17 earnings per share for the current fiscal year.

Teradyne declared that its Board of Directors has authorized a share repurchase plan on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to buy up to 0.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne's dividend payout ratio (DPR) is currently 15.24%.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $409,024.00. Following the completion of the sale, the chief executive officer now owns 80,736 shares of the company's stock, valued at $10,721,740.80. The trade was a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the business's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $83,000.00. Following the completion of the sale, the director now owns 15,893 shares of the company's stock, valued at $2,110,590.40. The trade was a 3.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,494 shares of company stock worth $596,803. 0.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in Teradyne by 23.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,122 shares of the company's stock worth $1,501,000 after purchasing an additional 1,946 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Teradyne by 17.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,693 shares of the company's stock valued at $1,289,000 after purchasing an additional 1,313 shares in the last quarter. Blue Trust Inc. lifted its position in Teradyne by 295.7% in the second quarter. Blue Trust Inc. now owns 554 shares of the company's stock worth $82,000 after purchasing an additional 414 shares during the period. Raymond James & Associates boosted its stake in Teradyne by 1.7% during the second quarter. Raymond James & Associates now owns 487,682 shares of the company's stock worth $72,318,000 after buying an additional 8,328 shares in the last quarter. Finally, Marshall Financial Group LLC boosted its stake in Teradyne by 5.1% during the second quarter. Marshall Financial Group LLC now owns 9,572 shares of the company's stock worth $1,419,000 after buying an additional 464 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

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.