Brokerages Set Teradyne, Inc. (NASDAQ:TER) Target Price at $185.75

Teradyne, Inc. (NASDAQ:TER) has received a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $185.75.

Several equities research analysts have weighed in on TER shares. Industrial Alliance Securities set a $175.00 price objective on Teradyne in a research note on Tuesday, October 28th. Stifel Nicolaus set a $225.00 target price on Teradyne and gave the stock a “buy” rating in a report on Tuesday, December 2nd. UBS Group boosted their target price on Teradyne from $165.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Robert W. Baird set a $195.00 price target on Teradyne in a research report on Friday, October 31st. Finally, Bank of America upgraded shares of Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 price objective on the stock in a research report on Wednesday, October 29th.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the transaction, the chief executive officer owned 93,409 shares in the company, valued at $18,804,165.79. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 3,324 shares of company stock valued at $583,639 over the last ninety days. 0.16% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TER. HighTower Advisors LLC boosted its position in Teradyne by 1.0% in the 1st quarter. HighTower Advisors LLC now owns 12,528 shares of the company’s stock valued at $1,035,000 after buying an additional 124 shares during the period. Allstate Corp raised its stake in shares of Teradyne by 54.2% during the first quarter. Allstate Corp now owns 7,298 shares of the company’s stock valued at $603,000 after acquiring an additional 2,565 shares in the last quarter. Comerica Bank grew its stake in Teradyne by 36.8% in the first quarter. Comerica Bank now owns 74,036 shares of the company’s stock worth $6,115,000 after purchasing an additional 19,917 shares in the last quarter. FORA Capital LLC bought a new position in Teradyne in the first quarter worth approximately $3,723,000. Finally, Gabelli Funds LLC purchased a new position in Teradyne during the 1st quarter worth $339,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Price Performance

Shares of TER opened at $196.63 on Wednesday. The stock has a market capitalization of $30.79 billion, a price-to-earnings ratio of 71.50, a price-to-earnings-growth ratio of 2.06 and a beta of 1.85. Teradyne has a 1 year low of $65.77 and a 1 year high of $205.00. The business’s 50 day simple moving average is $180.93 and its 200-day simple moving average is $136.19.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.07. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The company had revenue of $769.21 million for the quarter, compared to analysts’ expectations of $744.20 million. During the same quarter in the previous year, the business posted $0.90 earnings per share. Teradyne’s quarterly revenue was up 4.3% on a year-over-year basis. On average, sell-side analysts expect that Teradyne will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, November 24th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, November 24th. Teradyne’s dividend payout ratio is 17.45%.

About Teradyne

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.