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

Shares of Teradyne, Inc. (NASDAQ:TER - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the sixteen ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $114.33.

Several equities analysts recently commented on TER shares. KeyCorp reissued a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. JPMorgan Chase & Co. reduced their price objective on Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. TD Cowen dropped their target price on Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Susquehanna cut their price target on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research note on Wednesday, April 30th. Finally, Citigroup dropped their price objective on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, March 12th.

Institutional Investors Weigh In On Teradyne

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Teradyne in the fourth quarter valued at about $270,989,000. Federated Hermes Inc. grew its stake in Teradyne by 188.8% in the 1st quarter. Federated Hermes Inc. now owns 2,105,852 shares of the company's stock valued at $173,943,000 after buying an additional 1,376,631 shares in the last quarter. AQR Capital Management LLC raised its holdings in Teradyne by 1,612.4% during the 1st quarter. AQR Capital Management LLC now owns 1,404,752 shares of the company's stock valued at $113,251,000 after acquiring an additional 1,322,716 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Teradyne by 224.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,851,684 shares of the company's stock worth $152,949,000 after acquiring an additional 1,280,120 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Teradyne in the fourth quarter valued at $160,087,000. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Up 2.5%

Shares of TER traded up $2.26 during midday trading on Wednesday, hitting $94.18. The company's stock had a trading volume of 4,281,795 shares, compared to its average volume of 2,712,860. Teradyne has a one year low of $65.77 and a one year high of $163.21. The stock has a market capitalization of $15.11 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 3.93 and a beta of 1.70. The company's fifty day simple moving average is $82.01 and its two-hundred day simple moving average is $98.51.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.14. The firm had revenue of $685.70 million for the quarter, compared to analysts' expectations of $680.54 million. Teradyne had a return on equity of 20.06% and a net margin of 19.86%. The business's revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share. On average, research analysts predict that Teradyne will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd were paid a $0.12 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.48 annualized dividend and a dividend yield of 0.51%. Teradyne's dividend payout ratio is currently 13.56%.

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