Teradyne, Inc. (NASDAQ:TER) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Teradyne has a consensus “Moderate Buy” rating from 16 analysts, with 11 buys, four holds and one strong buy. The average 12-month price target is $396.80, while some firms have targets as high as $525.
• The company reported strong quarterly results, posting $2.47 in EPS and $1.33 billion in revenue, ahead of estimates. Revenue increased 103.9% year over year, and analysts expect full-year EPS of about $9.10.
• Teradyne shares opened at $354.97, below their 50-day moving average of $380.37, while institutional investors own 99.77% of the stock. The company also declared a quarterly dividend of $0.13 per share, yielding approximately 0.1%.

Shares of Teradyne, Inc. (NASDAQ:TER - Get Free Report) have earned an average rating of "Moderate Buy" from the sixteen brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $396.80.

Several brokerages have recently commented on TER. The Goldman Sachs Group reiterated a "buy" rating and issued a $465.00 target price on shares of Teradyne in a report on Tuesday, July 28th. UBS Group boosted their price target on shares of Teradyne from $440.00 to $500.00 and gave the stock a "buy" rating in a report on Monday, July 20th. Weiss Ratings upgraded shares of Teradyne from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, August 20th. Bank of America lifted their target price on shares of Teradyne from $365.00 to $525.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. Finally, Morgan Stanley boosted their target price on Teradyne from $387.00 to $397.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 30th.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the completion of the sale, the chief executive officer owned 112,495 shares in the company, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Teradyne

Large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd bought a new position in Teradyne during the fourth quarter valued at $28,000. Community Financial Services Group LLC bought a new stake in shares of Teradyne in the second quarter valued at $29,000. McIlrath & Eck LLC purchased a new position in shares of Teradyne during the 1st quarter valued at $30,000. Elevation Wealth Partners LLC grew its stake in shares of 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 during the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $354.97 on Monday. The business's 50 day moving average is $380.37 and its 200 day moving average is $357.25. Teradyne has a 12-month low of $109.56 and a 12-month high of $487.91. The stock has a market cap of $55.50 billion, a price-to-earnings ratio of 48.69, a PEG ratio of 0.72 and a beta of 1.78.

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

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, September 4th. Teradyne's dividend payout ratio (DPR) is 7.13%.

Teradyne Company Profile

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.

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