Teradyne, Inc. (NYSE:TER) had its target price boosted by investment analysts at Cowen and Company from $27.00 to $34.00 in a research report issued on Thursday. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price target points to a potential upside of 19.05% from the company’s previous close.
A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Wednesday, September 28th. BMO Capital Markets reduced their price target on shares of Teradyne from $30.00 to $27.00 and set a “market perform” rating on the stock in a research note on Friday, October 28th. TheStreet upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Wednesday, October 26th. Needham & Company LLC restated a “buy” rating and issued a $32.00 price target (up from $30.00) on shares of Teradyne in a research note on Tuesday, January 24th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $28.00 price target (up from $25.00) on shares of Teradyne in a research note on Monday, January 23rd. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Teradyne presently has an average rating of “Buy” and an average price target of $26.05.
Teradyne (NYSE:TER) opened at 28.56 on Thursday. Teradyne has a one year low of $17.34 and a one year high of $28.68. The company’s 50-day moving average is $26.02 and its 200-day moving average is $22.81. The firm’s market cap is $5.74 billion.
Teradyne (NYSE:TER) last posted its quarterly earnings results on Wednesday, January 25th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10. Teradyne had a negative net margin of 2.48% and a positive return on equity of 16.79%. The company had revenue of $380 million for the quarter, compared to the consensus estimate of $348.23 million. During the same period last year, the company posted $0.13 EPS. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, analysts forecast that Teradyne will post $1.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 20th. Shareholders of record on Friday, February 24th will be issued a dividend of $0.07 per share. This is a positive change from Teradyne’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, February 22nd. This represents a $0.28 annualized dividend and a yield of 0.98%. Teradyne’s dividend payout ratio (DPR) is presently -109.09%.
In other news, Director Michael A. Bradley sold 10,000 shares of Teradyne stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $23.37, for a total value of $233,700.00. Following the completion of the sale, the director now owns 164,721 shares in the company, valued at approximately $3,849,529.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brad Robbins sold 4,760 shares of Teradyne stock in a transaction on Friday, December 9th. The shares were sold at an average price of $26.00, for a total transaction of $123,760.00. Following the completion of the sale, the insider now owns 49,315 shares of the company’s stock, valued at approximately $1,282,190. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,760 shares of company stock valued at $592,160. Company insiders own 0.76% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new stake in Teradyne during the second quarter valued at $104,000. TLP Group LLC bought a new stake in Teradyne during the third quarter valued at $128,000. Robeco Institutional Asset Management B.V. bought a new stake in Teradyne during the third quarter valued at $137,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Teradyne by 13.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,568 shares of the company’s stock valued at $142,000 after buying an additional 756 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in Teradyne by 352.9% in the second quarter. Schroder Investment Management Group now owns 7,700 shares of the company’s stock valued at $151,000 after buying an additional 6,000 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.
Teradyne Company Profile
Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries.