Teradyne (NASDAQ:TER) Earns Sell Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Teradyne (NASDAQ:TER - Free Report) in a research report released on Thursday, Marketbeat.com reports. The brokerage issued a sell rating and a $80.00 target price on the stock.

Several other equities analysts have also commented on TER. Cantor Fitzgerald set a $105.00 price target on shares of Teradyne and gave the stock an "overweight" rating in a research report on Tuesday, June 24th. Stifel Nicolaus lowered their price target on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research report on Wednesday, March 12th. Robert W. Baird lowered their price target on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Morgan Stanley upped their price target on shares of Teradyne from $68.00 to $74.00 and gave the stock an "underweight" rating in a research report on Wednesday. Finally, Susquehanna lowered their price target on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a research report on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.50.

Teradyne Trading Down 1.1%

Teradyne stock traded down $1.09 during mid-day trading on Thursday, reaching $97.53. The company's stock had a trading volume of 2,097,201 shares, compared to its average volume of 2,762,246. The firm has a market cap of $15.65 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 4.05 and a beta of 1.70. The business has a 50 day moving average price of $84.55 and a 200-day moving average price of $97.10. Teradyne has a twelve month low of $65.77 and a twelve month high of $163.21.

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

Teradyne announced that its Board of Directors has authorized a share buyback plan on Monday, April 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Thursday, May 22nd. Teradyne's payout ratio is 13.56%.

Institutional Investors Weigh In On Teradyne

Institutional investors and hedge funds have recently bought and sold shares of the business. DAVENPORT & Co LLC lifted its holdings in Teradyne by 29.8% in the 1st quarter. DAVENPORT & Co LLC now owns 5,094 shares of the company's stock valued at $421,000 after acquiring an additional 1,170 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Teradyne during the fourth quarter valued at about $12,118,000. Park Avenue Securities LLC lifted its stake in Teradyne by 56.0% during the first quarter. Park Avenue Securities LLC now owns 3,045 shares of the company's stock valued at $252,000 after buying an additional 1,093 shares in the last quarter. California Public Employees Retirement System lifted its stake in Teradyne by 87.5% during the fourth quarter. California Public Employees Retirement System now owns 498,614 shares of the company's stock valued at $62,785,000 after buying an additional 232,730 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in Teradyne by 5.5% during the first quarter. Asset Management One Co. Ltd. now owns 68,612 shares of the company's stock valued at $5,667,000 after buying an additional 3,589 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

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.