Teradyne, Inc. (NASDAQ:TER) Given Average Recommendation of “Moderate Buy” by Brokerages

Teradyne, Inc. (NASDAQ:TER) has been assigned a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $396.80.

A number of analysts recently commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $465.00 price target on shares of Teradyne in a research note on Tuesday, July 28th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Cantor Fitzgerald restated an “overweight” rating and set a $550.00 price objective on shares of Teradyne in a research report on Wednesday, July 29th. Wall Street Zen lowered shares of Teradyne from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Finally, Morgan Stanley increased their price target on Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th.

Insider Buying and Selling

In related news, CEO Gregory Smith sold 4,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the transaction, the chief executive officer owned 112,495 shares in the company, valued at approximately $47,810,375. This represents a 3.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Teradyne

A number of institutional investors have recently modified their holdings of the stock. Leeward Financial Partners LLC acquired a new stake in shares of Teradyne in the second quarter valued at $3,735,000. Gouws Capital LLC increased its holdings in Teradyne by 96.0% in the fourth quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock valued at $2,966,000 after buying an additional 7,505 shares during the last quarter. Legal & General Group Plc acquired a new stake in Teradyne during the second quarter worth approximately $656,058,000. B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Teradyne in the 2nd quarter valued at about $4,826,000. Finally, Zweig DiMenna Associates LLC grew its stake in Teradyne by 10.0% during the 4th quarter. Zweig DiMenna Associates LLC now owns 80,629 shares of the company’s stock worth $15,607,000 after buying an additional 7,300 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Up 5.4%

Shares of NASDAQ TER opened at $357.03 on Monday. Teradyne has a twelve month low of $109.56 and a twelve month high of $487.91. The firm has a market capitalization of $55.82 billion, a P/E ratio of 48.98, a P/E/G ratio of 0.68 and a beta of 1.78. The stock’s 50-day simple moving average is $370.59 and its two-hundred day simple moving average is $358.04.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.38. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The company’s revenue for the quarter was up 103.9% on a year-over-year basis. During the same quarter last year, the business posted $0.57 earnings per share. As a group, research analysts anticipate that Teradyne will post 9.1 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, September 4th. Teradyne’s payout ratio is currently 7.13%.

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.