Teradyne, Inc. (NASDAQ:TER) Receives Average Rating of "Moderate Buy" from Analysts

Teradyne, Inc. (NASDAQ:TER - Get Free Report) has received an average recommendation of "Moderate Buy" from the sixteen research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $114.67.

TER has been the subject of a number of recent analyst reports. Bank of America cut their price objective on Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a research report on Wednesday, March 12th. UBS Group set a $130.00 price target on Teradyne and gave the company a "buy" rating in a report on Wednesday, March 12th. Morgan Stanley reduced their price objective on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus decreased their price objective on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a report on Wednesday, March 12th. Finally, TD Cowen cut their target price on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th.

Institutional Investors Weigh In On Teradyne

Several institutional investors have recently made changes to their positions in TER. Financial Advocates Investment Management raised its holdings in Teradyne by 16.7% in the 4th quarter. Financial Advocates Investment Management now owns 4,001 shares of the company's stock valued at $504,000 after acquiring an additional 574 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Teradyne by 16.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company's stock worth $355,837,000 after purchasing an additional 393,175 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Teradyne by 21.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,322 shares of the company's stock worth $2,937,000 after purchasing an additional 4,062 shares during the period. Golden State Wealth Management LLC acquired a new position in Teradyne in the fourth quarter valued at about $205,000. Finally, Empowered Funds LLC lifted its position in Teradyne by 16.2% during the fourth quarter. Empowered Funds LLC now owns 30,269 shares of the company's stock worth $3,811,000 after purchasing an additional 4,212 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Teradyne Trading Up 2.2%

Shares of TER traded up $1.90 during midday trading on Friday, reaching $88.70. The stock had a trading volume of 3,157,481 shares, compared to its average volume of 2,624,045. The firm has a market cap of $14.23 billion, a PE ratio of 26.64, a P/E/G ratio of 2.83 and a beta of 1.69. The firm has a 50 day simple moving average of $77.31 and a 200-day simple moving average of $101.33. Teradyne has a one year low of $65.77 and a one year high of $163.21.

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

Teradyne announced that its board has authorized a share repurchase plan on Monday, April 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to purchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.54%. Teradyne's payout ratio is presently 13.56%.

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.