Teradyne, Inc. (NASDAQ:TER) Given Average Recommendation of "Hold" by Brokerages

Shares of Teradyne, Inc. (NASDAQ:TER - Get Free Report) have been given an average rating of "Hold" by the six research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $111.00.

A number of analysts recently commented on the company. JPMorgan Chase & Co. upgraded Teradyne from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $90.00 to $100.00 in a report on Thursday, February 15th. Cantor Fitzgerald reiterated a "neutral" rating and set a $110.00 price target on shares of Teradyne in a report on Monday, March 4th. Finally, Bank of America reiterated an "underperform" rating and set a $100.00 price target on shares of Teradyne in a report on Friday, December 15th.

Insider Activity at Teradyne

In other Teradyne news, insider Richard John Burns sold 317 shares of Teradyne stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $112.68, for a total value of $35,719.56. Following the completion of the sale, the insider now owns 20,300 shares of the company's stock, valued at approximately $2,287,404. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Ernest E. Maddock acquired 1,000 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average price of $94.07 per share, with a total value of $94,070.00. Following the completion of the acquisition, the director now directly owns 4,728 shares of the company's stock, valued at approximately $444,762.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard John Burns sold 317 shares of Teradyne stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $112.68, for a total value of $35,719.56. Following the completion of the sale, the insider now directly owns 20,300 shares of the company's stock, valued at approximately $2,287,404. The disclosure for this sale can be found here. Insiders sold a total of 11,797 shares of company stock valued at $1,248,237 in the last 90 days. Corporate insiders own 0.36% of the company's stock.

Hedge Funds Weigh In On Teradyne

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Teradyne in the fourth quarter valued at about $188,873,000. Allspring Global Investments Holdings LLC lifted its position in shares of Teradyne by 489.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,073,278 shares of the company's stock valued at $208,282,000 after acquiring an additional 1,721,306 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Teradyne by 263.9% in the fourth quarter. Nuveen Asset Management LLC now owns 1,440,051 shares of the company's stock valued at $156,274,000 after acquiring an additional 1,044,377 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Teradyne by 26.9% in the fourth quarter. Van ECK Associates Corp now owns 4,361,091 shares of the company's stock valued at $473,265,000 after acquiring an additional 923,612 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Teradyne by 38.5% in the third quarter. Boston Partners now owns 2,351,867 shares of the company's stock valued at $236,164,000 after acquiring an additional 654,181 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Trading Up 0.5 %

NASDAQ TER traded up $0.55 during trading hours on Monday, hitting $107.82. 1,154,673 shares of the company's stock were exchanged, compared to its average volume of 1,780,250. The stock has a 50-day simple moving average of $104.21 and a 200 day simple moving average of $99.90. Teradyne has a 1-year low of $81.07 and a 1-year high of $119.20. The firm has a market cap of $16.49 billion, a price-to-earnings ratio of 39.29 and a beta of 1.56.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Tuesday, January 30th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. The business had revenue of $670.60 million during the quarter, compared to analysts' expectations of $674.99 million. During the same quarter last year, the firm posted $0.92 earnings per share. The firm's revenue was down 8.4% on a year-over-year basis. On average, sell-side analysts anticipate that Teradyne will post 2.95 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 16th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Thursday, February 15th. This is a positive change from Teradyne's previous quarterly dividend of $0.11. Teradyne's dividend payout ratio (DPR) is 17.58%.

About Teradyne

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.