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

Shares of Teradyne, Inc. (NASDAQ:TER) have been given a consensus rating of “Moderate Buy” by the sixteen brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, twelve have assigned 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 $390.5333.

Several equities analysts have recently issued reports on the stock. Evercore set a $370.00 price target on shares of Teradyne in a research note on Thursday, April 30th. Robert W. Baird boosted their price objective on shares of Teradyne from $350.00 to $446.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. Morgan Stanley set a $387.00 price objective on Teradyne in a report on Thursday, April 30th. Susquehanna raised their target price on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. Finally, Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th.

Teradyne Stock Performance

Shares of Teradyne stock traded down $3.15 on Friday, hitting $359.60. The stock had a trading volume of 1,570,290 shares, compared to its average volume of 5,270,542. The stock has a 50 day moving average of $384.37 and a 200 day moving average of $322.35. The firm has a market capitalization of $56.29 billion, a P/E ratio of 66.59, a PEG ratio of 1.04 and a beta of 1.74. Teradyne has a twelve month low of $88.60 and a twelve month high of $487.91.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $0.75 EPS. The firm’s revenue was up 87.0% compared to the same quarter last year. Equities analysts expect that Teradyne will post 7.2 earnings per share for the current year.

Teradyne Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, May 21st. Teradyne’s dividend payout ratio is 9.63%.

Insider Buying and Selling

In related news, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the transaction, the vice president directly owned 7,665 shares of the company’s stock, valued at $2,894,304. The trade was a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total value of $348,132.96. Following the completion of the sale, the insider owned 15,066 shares in the company, valued at $5,203,344.42. The trade was a 6.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 14,941 shares of company stock valued at $5,444,112 over the last ninety days. 0.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Teradyne

Several large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in Teradyne during the fourth quarter worth $28,000. Community Financial Services Group LLC bought a new stake in Teradyne during the second quarter valued at $29,000. McIlrath & Eck LLC acquired a new stake in Teradyne during the 1st quarter worth about $30,000. Elevation Wealth Partners LLC grew its holdings in Teradyne by 1,320.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after acquiring an additional 66 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Teradyne in the 2nd quarter worth about $35,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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.