Brokerages Set Teradyne, Inc. (NASDAQ:TER) Target Price at $121.44

Shares of Teradyne, Inc. (NASDAQ:TER) have earned a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $121.44.

TER has been the topic of several recent research reports. Vertical Research initiated coverage on shares of Teradyne in a research note on Friday, March 7th. They issued a “buy” rating and a $135.00 price target on the stock. Citigroup lowered their target price on Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Bank of America dropped their target price on Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a report on Wednesday, March 12th. Stifel Nicolaus decreased their price target on Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, March 12th. Finally, Susquehanna dropped their price objective on Teradyne from $165.00 to $155.00 and set a “positive” rating on the stock in a research note on Wednesday, March 12th.

Teradyne Stock Performance

NASDAQ:TER opened at $88.01 on Monday. The stock has a 50-day simple moving average of $110.05 and a 200 day simple moving average of $117.99. Teradyne has a 52-week low of $82.98 and a 52-week high of $163.21. The company has a market cap of $14.23 billion, a PE ratio of 26.43, a PEG ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. On average, research analysts predict that Teradyne will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.55%. Teradyne’s dividend payout ratio is currently 14.41%.

Insider Activity

In related news, insider Richard John Burns sold 407 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the sale, the insider now directly owns 20,764 shares in the company, valued at $2,502,269.64. The trade was a 1.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock valued at $1,013,134 over the last ninety days. 0.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Teradyne

Institutional investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Teradyne during the third quarter worth approximately $2,221,000. Van ECK Associates Corp grew its position in Teradyne by 59.9% during the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after buying an additional 1,846,079 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Teradyne during the 4th quarter worth $12,118,000. Cerity Partners LLC raised its holdings in Teradyne by 87.1% in the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock valued at $1,523,000 after acquiring an additional 5,294 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Teradyne by 17.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock valued at $10,325,000 after acquiring an additional 11,541 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.