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

Key Points

• Consensus "Moderate Buy": Seventeen brokerages rate Teradyne a consensus Moderate Buy (10 buys, 6 holds, 1 strong buy) with an average 12‑month price target of about $256.24 and several firms raising targets (Susquehanna $335, Evercore $280).
• Earnings beat: Teradyne reported $1.80 EPS vs. $1.36 expected and revenue of $1.08 billion (up 43.9% YoY), with analysts forecasting about 3.88 EPS for the current fiscal year.
• Ownership and insider activity: CEO Gregory Smith sold 1,108 shares, insiders hold only 0.16% of shares while hedge funds and other institutional investors own roughly 99.77% of the stock.

Teradyne, Inc. (NASDAQ:TER - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seventeen brokerages that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $256.2353.

Several research analysts have issued reports on TER shares. Susquehanna reissued a "positive" rating and set a $335.00 price objective on shares of Teradyne in a research report on Wednesday, February 4th. Royal Bank Of Canada set a $270.00 target price on shares of Teradyne in a research note on Monday, February 2nd. Wall Street Zen raised Teradyne from a "hold" rating to a "buy" rating in a report on Saturday, February 21st. Evercore boosted their price target on Teradyne from $200.00 to $280.00 and gave the company an "outperform" rating in a research report on Monday, February 2nd. Finally, Northland Securities reaffirmed a "market perform" rating and set a $270.00 price objective on shares of Teradyne in a research note on Wednesday, February 4th.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the company's stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the sale, the chief executive officer owned 93,409 shares in the company, valued at $18,804,165.79. This represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is owned by company insiders.

Hedge Funds Weigh In On Teradyne

Hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC lifted its stake in shares of Teradyne by 12.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company's stock worth $342,000 after acquiring an additional 468 shares during the period. Caxton Associates LLP acquired a new position in shares of Teradyne during the first quarter worth about $297,000. Sigma Planning Corp raised its holdings in Teradyne by 32.4% during the second quarter. Sigma Planning Corp now owns 4,195 shares of the company's stock worth $377,000 after purchasing an additional 1,026 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its position in Teradyne by 10.0% in the second quarter. Resona Asset Management Co. Ltd. now owns 55,768 shares of the company's stock valued at $5,018,000 after purchasing an additional 5,050 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in Teradyne in the second quarter valued at about $950,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Trading Down 10.6%

TER stock opened at $273.05 on Monday. The company has a market capitalization of $42.75 billion, a P/E ratio of 78.46, a PEG ratio of 1.69 and a beta of 1.76. The business has a 50 day simple moving average of $265.14 and a 200-day simple moving average of $193.96. Teradyne has a twelve month low of $65.77 and a twelve month high of $344.92.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Tuesday, February 3rd. The company reported $1.80 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.44. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $970.44 million. During the same period in the previous year, the company posted $0.95 EPS. The company's quarterly revenue was up 43.9% on a year-over-year basis. Research analysts predict that Teradyne will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne's payout ratio is presently 14.94%.

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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