Teradyne, Inc. (TER) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts remain broadly positive: Teradyne has a “Moderate Buy” consensus from 16 firms, with 11 buy ratings and an average 12-month price target of $396.80.
• Latest results exceeded expectations: Quarterly EPS came in at $2.47 versus the $2.09 consensus, while revenue reached $1.33 billion and rose 103.9% year over year.
• Institutional ownership is substantial: Hedge funds and other institutions own 99.77% of Teradyne, while insiders have sold 12,000 shares worth about $4.4 million over the past 90 days.

Teradyne, Inc. (NASDAQ:TER - Get Free Report) has been given an average recommendation of "Moderate Buy" by the sixteen research firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $396.80.

A number of research analysts recently weighed in on the company. The Goldman Sachs Group reaffirmed a "buy" rating and set a $465.00 price objective on shares of Teradyne in a report on Tuesday, July 28th. Cantor Fitzgerald reissued an "overweight" rating and issued a $550.00 target price on shares of Teradyne in a report on Wednesday, July 29th. Weiss Ratings raised Teradyne from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, September 29th. Bank of America boosted 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, UBS Group upped their price target on shares of Teradyne from $440.00 to $500.00 and gave the stock a "buy" rating in a research note on Monday, July 20th.

Insider Activity at Teradyne

In related news, CEO Gregory Smith sold 4,000 shares of the business's stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $341.28, for a total transaction of $1,365,120.00. Following the sale, the chief executive officer owned 104,495 shares of the company's stock, valued at approximately $35,662,053.60. The trade was a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,000 shares of company stock valued at $4,416,440 in the last ninety days. 0.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Teradyne in the second quarter valued at approximately $9,404,408,000. Andar Capital Management HK Ltd purchased a new position in shares of Teradyne during the 2nd quarter worth approximately $37,800,000. State Street Corp raised its position in shares of Teradyne by 4.6% during the 2nd quarter. State Street Corp now owns 7,290,460 shares of the company's stock worth $3,527,416,000 after purchasing an additional 320,034 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Teradyne by 5.0% during the 2nd quarter. Van ECK Associates Corp now owns 2,607,914 shares of the company's stock worth $1,261,813,000 after purchasing an additional 123,549 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Teradyne by 0.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,978,124 shares of the company's stock worth $957,096,000 after purchasing an additional 12,659 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Trading Up 3.2%

NASDAQ TER opened at $335.53 on Tuesday. The business's 50 day moving average is $379.46 and its two-hundred day moving average is $374.81. Teradyne has a 12-month low of $135.83 and a 12-month high of $487.91. The stock has a market capitalization of $52.46 billion, a price-to-earnings ratio of 46.03, a PEG ratio of 0.66 and a beta of 1.75.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.38. The business had revenue of $1.33 billion during 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 period in the prior year, the business posted $0.57 EPS. Equities analysts forecast that Teradyne will post 9.11 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were paid a $0.13 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.52 annualized dividend and a dividend yield of 0.2%. Teradyne's dividend payout ratio (DPR) is 7.13%.

About Teradyne

Teradyne, Inc develops and supplies automated test equipment and industrial automation products. Its systems help manufacturers test the functionality, performance, and reliability of semiconductor devices, electronic systems, wireless products, and other complex products throughout the production process.

The company's product portfolio includes semiconductor test systems, memory and system-level test equipment, and solutions for printed circuit boards and electronic products. Teradyne also provides collaborative robots through Universal Robots and autonomous mobile robots through Mobile Industrial Robots (MiR), supporting applications such as assembly, material handling, machine tending, packaging, and warehouse logistics.

Founded in 1960 and headquartered in North Reading, Massachusetts, Teradyne serves customers worldwide, including semiconductor manufacturers, electronics producers, automotive companies, and industrial businesses.

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