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

Teradyne, Inc. (NASDAQ:TER - Get Free Report) has received an average rating of "Moderate Buy" from the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $114.33.

TER has been the topic of a number of research analyst reports. Robert W. Baird dropped their target price on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. JPMorgan Chase & Co. dropped their price target on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Vertical Research began coverage on shares of Teradyne in a research note on Friday, March 7th. They set a "buy" rating and a $135.00 price target on the stock. Morgan Stanley dropped their price target on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Stifel Nicolaus dropped their price target on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a research note on Wednesday, March 12th.

Teradyne Stock Performance

TER traded down $1.31 during midday trading on Wednesday, reaching $92.87. The company had a trading volume of 2,188,783 shares, compared to its average volume of 2,731,952. The stock has a market cap of $14.90 billion, a PE ratio of 26.23, a P/E/G ratio of 4.07 and a beta of 1.70. Teradyne has a 12-month low of $65.77 and a 12-month high of $163.21. The business has a 50-day moving average price of $83.06 and a two-hundred day moving average price of $97.81.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.75 earnings per share 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 net margin of 19.86% and a return on equity of 20.06%. The company's quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 earnings per share. On average, research analysts anticipate that Teradyne will post 3.88 earnings per share for the current year.

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

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Thursday, May 22nd. Teradyne's payout ratio is 13.56%.

Hedge Funds Weigh In On Teradyne

Several institutional investors and hedge funds have recently made changes to their positions in the business. Kera Capital Partners Inc. bought a new position in shares of Teradyne during the 2nd quarter valued at $231,000. Strs Ohio purchased a new stake in Teradyne during the 1st quarter valued at $795,000. Acadian Asset Management LLC purchased a new stake in Teradyne during the 1st quarter valued at $2,398,000. Focus Partners Wealth boosted its position in Teradyne by 12.0% during the 1st quarter. Focus Partners Wealth now owns 44,766 shares of the company's stock valued at $3,698,000 after buying an additional 4,780 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Teradyne by 5.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,337,312 shares of the company's stock valued at $110,462,000 after buying an additional 63,670 shares during the period. Institutional investors own 99.77% of the company's stock.

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.