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

Shares of Teradyne, Inc. (NASDAQ:TER - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seventeen ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $117.56.

A number of equities analysts recently commented on TER shares. TD Cowen reduced their price objective on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Robert W. Baird lowered their target price on Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Citigroup reduced their target price on Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Northland Securities reduced their price objective on Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Finally, Stifel Nicolaus reduced their target price on Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a report on Wednesday, March 12th.

Hedge Funds Weigh In On Teradyne

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Berbice Capital Management LLC grew its position in Teradyne by 200.0% during the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the company's stock worth $25,000 after purchasing an additional 200 shares in the last quarter. Compass Financial Services Inc bought a new stake in Teradyne during the 4th quarter valued at approximately $33,000. Strategic Investment Solutions Inc. IL bought a new stake in Teradyne during the 4th quarter valued at approximately $34,000. Manchester Capital Management LLC boosted its stake in Teradyne by 44.7% during the 1st quarter. Manchester Capital Management LLC now owns 453 shares of the company's stock valued at $37,000 after purchasing an additional 140 shares during the period. Finally, AllSquare Wealth Management LLC boosted its stake in Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after purchasing an additional 200 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Stock Performance

TER stock traded down $1.28 during trading on Tuesday, reaching $82.99. 2,757,157 shares of the company traded hands, compared to its average volume of 2,596,729. The business has a 50 day simple moving average of $79.49 and a 200 day simple moving average of $104.75. Teradyne has a 12 month low of $65.77 and a 12 month high of $163.21. The company has a market capitalization of $13.31 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $685.70 million during the quarter, compared to analysts' expectations of $680.54 million. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. As a group, research analysts forecast that Teradyne will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.48 annualized dividend and a dividend yield of 0.58%. Teradyne's dividend payout ratio is currently 13.56%.

Teradyne declared that its board has initiated a stock buyback plan on Monday, April 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

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.