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

Shares of Teradyne, Inc. (NASDAQ:TER - Get Free Report) have received an average rating of "Moderate Buy" from the sixteen analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $114.67.

A number of research firms recently weighed in on TER. TD Cowen reduced their price objective 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. Citigroup reduced their price objective on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Bank of America reduced their price objective on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a research note on Wednesday, March 12th. Cantor Fitzgerald reduced their price objective on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Finally, UBS Group set a $130.00 price objective on shares of Teradyne and gave the company a "buy" rating in a research note on Wednesday, March 12th.

Teradyne Stock Performance

Shares of TER stock opened at $85.23 on Friday. The firm has a market cap of $13.67 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 2.83 and a beta of 1.69. Teradyne has a 52 week low of $65.77 and a 52 week high of $163.21. The firm's 50-day simple moving average is $76.98 and its two-hundred day simple moving average is $101.60.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, topping 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 company had revenue of $685.70 million during the quarter, compared to analyst estimates of $680.54 million. During the same quarter last year, the business posted $0.51 EPS. Teradyne's quarterly revenue was up 14.3% compared to the same quarter last year. Analysts forecast that Teradyne will post 3.88 earnings per share for the current year.

Teradyne announced that its board has initiated a share repurchase program on Monday, April 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 8.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, May 22nd. Teradyne's dividend payout ratio is currently 13.56%.

Institutional Trading of Teradyne

A number of hedge funds have recently made changes to their positions in the stock. Berbice Capital Management LLC lifted its stake in Teradyne by 200.0% in the first quarter. Berbice Capital Management LLC now owns 300 shares of the company's stock worth $25,000 after purchasing an additional 200 shares during the last quarter. Compass Financial Services Inc bought a new stake in Teradyne in the fourth quarter worth $33,000. Strategic Investment Solutions Inc. IL bought a new stake in Teradyne in the fourth quarter worth $34,000. Manchester Capital Management LLC lifted its stake in Teradyne by 44.7% in the first quarter. Manchester Capital Management LLC now owns 453 shares of the company's stock worth $37,000 after purchasing an additional 140 shares during the last quarter. Finally, AllSquare Wealth Management LLC lifted its stake in Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock worth $38,000 after purchasing an additional 200 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Teradyne Company Profile

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.

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