Analysts Set Teradyne, Inc. (NASDAQ:TER) PT at $114.67

Shares of Teradyne, Inc. (NASDAQ:TER) have been given an average rating of “Moderate Buy” by the sixteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $114.67.

TER has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their price target on Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, March 12th. Susquehanna dropped their price target on Teradyne from $155.00 to $133.00 and set a “positive” rating on the stock in a research report on Wednesday, April 30th. Cantor Fitzgerald reduced their price target on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Citigroup dropped their price objective on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Finally, Vertical Research began coverage on shares of Teradyne in a research report on Friday, March 7th. They issued a “buy” rating and a $135.00 price objective on the stock.

Teradyne Stock Performance

Shares of TER opened at $86.79 on Friday. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 2.83 and a beta of 1.69. Teradyne has a 52 week low of $65.77 and a 52 week high of $163.21. The business’s fifty day moving average price is $77.67 and its two-hundred day moving average price is $101.23.

Teradyne (NASDAQ:TER) last released its earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.14. The company had revenue of $685.70 million for the quarter, compared to the consensus estimate of $680.54 million. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. As a group, research analysts forecast that Teradyne will post 3.88 EPS for the current year.

Teradyne declared that its Board of Directors has approved a stock buyback plan on Monday, April 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.55%. The ex-dividend date is Thursday, May 22nd. Teradyne’s dividend payout ratio (DPR) is presently 13.56%.

Hedge Funds Weigh In On Teradyne

Hedge funds have recently modified their holdings of the business. Strs Ohio acquired a new position in shares of Teradyne in the 1st quarter worth approximately $795,000. Acadian Asset Management LLC acquired a new position in shares of Teradyne in the 1st quarter valued at about $2,398,000. Focus Partners Wealth grew its position in shares of Teradyne by 12.0% during the 1st quarter. Focus Partners Wealth now owns 44,766 shares of the company’s stock worth $3,698,000 after buying an additional 4,780 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Teradyne by 5.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,337,312 shares of the company’s stock valued at $110,462,000 after acquiring an additional 63,670 shares during the period. Finally, Woodline Partners LP grew its holdings in Teradyne by 27,928.3% in the first quarter. Woodline Partners LP now owns 609,896 shares of the company’s stock worth $50,377,000 after purchasing an additional 607,720 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.