Brokerages Set Teradyne, Inc. (NASDAQ:TER) Price Target at $118.94

Teradyne, Inc. (NASDAQ:TER) has earned a consensus rating of “Moderate Buy” from the seventeen brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $118.94.

TER has been the subject of a number of analyst reports. Susquehanna reduced their price objective on Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a research report on Wednesday, March 12th. Citigroup reduced their price target on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. Vertical Research began coverage on shares of Teradyne in a report on Friday, March 7th. They issued a “buy” rating and a $135.00 price objective on the stock. TD Cowen reduced their target price on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Finally, UBS Group set a $130.00 target price on shares of Teradyne and gave the stock a “buy” rating in a research report on Wednesday, March 12th.

Teradyne Price Performance

NASDAQ TER opened at $71.14 on Friday. The company has a market capitalization of $11.44 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. Teradyne has a 12 month low of $65.77 and a 12 month high of $163.21. The company’s fifty day moving average price is $92.22 and its two-hundred day moving average price is $110.73.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. As a group, analysts anticipate that Teradyne will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.67%. Teradyne’s dividend payout ratio (DPR) is 14.41%.

Insider Transactions at Teradyne

In related news, CFO Sanjay Mehta sold 1,789 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $215,592.39. Following the completion of the sale, the chief financial officer now directly owns 33,308 shares in the company, valued at approximately $4,013,947.08. This trade represents a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard John Burns sold 407 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the transaction, the insider now directly owns 20,764 shares in the company, valued at $2,502,269.64. This represents a 1.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,399 shares of company stock valued at $612,734 in the last quarter. Insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Hedge funds and other institutional investors have recently modified their holdings of the stock. Roberts Glore & Co. Inc. IL lifted its stake in Teradyne by 2.2% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock valued at $517,000 after buying an additional 90 shares in the last quarter. Covestor Ltd lifted its position in shares of Teradyne by 12.3% in the 4th quarter. Covestor Ltd now owns 901 shares of the company’s stock valued at $113,000 after acquiring an additional 99 shares in the last quarter. Snowden Capital Advisors LLC boosted its stake in Teradyne by 2.8% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company’s stock worth $472,000 after purchasing an additional 103 shares during the period. GAMMA Investing LLC grew its position in Teradyne by 3.1% during the 4th quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after purchasing an additional 105 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in Teradyne by 4.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company’s stock valued at $429,000 after purchasing an additional 119 shares during the period. 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.