Teradyne (NASDAQ:TER) Upgraded at Northland Securities

Northland Securities upgraded shares of Teradyne (NASDAQ:TER - Free Report) from a market perform rating to an outperform rating in a research report sent to investors on Monday, MarketBeat reports. They currently have $154.00 price target on the stock, up from their previous price target of $117.00.

A number of other equities research analysts also recently commented on TER. StockNews.com upgraded Teradyne from a "sell" rating to a "hold" rating in a report on Sunday, October 27th. JPMorgan Chase & Co. raised Teradyne from a "neutral" rating to an "overweight" rating and upped their price target for the company from $145.00 to $158.00 in a research note on Monday, December 16th. Stifel Nicolaus decreased their price objective 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. 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 research note on Friday, October 25th. Finally, Craig Hallum reduced their price target on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a research report on Friday, October 25th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.33.

Teradyne Stock Up 7.2 %

TER stock traded up $9.40 during midday trading on Monday, reaching $140.00. The stock had a trading volume of 3,888,023 shares, compared to its average volume of 2,591,794. Teradyne has a twelve month low of $92.29 and a twelve month high of $163.21. The firm has a market cap of $22.80 billion, a price-to-earnings ratio of 44.44, a PEG ratio of 2.66 and a beta of 1.46. The business has a fifty day simple moving average of $115.70 and a two-hundred day simple moving average of $127.76.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The business had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. During the same period in the previous year, the firm posted $0.80 earnings per share. Teradyne's revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities analysts predict that Teradyne will post 3.17 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.34%. Teradyne's dividend payout ratio is currently 15.24%.

Teradyne declared that its Board of Directors has approved a stock buyback program on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Institutional Investors Weigh In On Teradyne

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC bought a new position in shares of Teradyne in the 2nd quarter valued at about $27,000. Capital Performance Advisors LLP bought a new position in Teradyne in the third quarter valued at approximately $29,000. Quarry LP increased 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 purchasing an additional 169 shares during the last quarter. Coastline Trust Co bought a new stake in shares of Teradyne during the 3rd quarter worth approximately $46,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Teradyne in the 3rd quarter valued at approximately $52,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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.