Teradyne, Inc. (NYSE:TER) had its price target upped by Cowen and Company from $27.00 to $34.00 in a research note published on Thursday. They currently have an outperform rating on the stock.
Several other research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Teradyne from a sell rating to a hold rating in a report on Wednesday, September 28th. BMO Capital Markets decreased their target price on shares of Teradyne from $30.00 to $27.00 and set a market perform rating for the company in a report on Friday, October 28th. TheStreet upgraded shares of Teradyne from a hold rating to a buy rating in a report on Wednesday, October 26th. Deutsche Bank AG reiterated a buy rating and issued a $28.00 target price (up from $25.00) on shares of Teradyne in a report on Monday. Finally, Needham & Company LLC reiterated a buy rating and issued a $32.00 target price (up from $30.00) on shares of Teradyne in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Teradyne currently has an average rating of Buy and a consensus price target of $26.05.
Teradyne (NYSE:TER) traded up 3.41% during midday trading on Thursday, reaching $28.51. 2,408,502 shares of the company’s stock traded hands. The stock’s market capitalization is $5.73 billion. The company’s 50-day moving average price is $25.95 and its 200 day moving average price is $22.76. Teradyne has a 52 week low of $17.34 and a 52 week high of $28.68.
Teradyne (NYSE:TER) last posted its quarterly earnings data on Wednesday, January 25th. The company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 earned $380 million during the quarter, compared to analyst estimates of $348.23 million. During the same quarter last year, the firm posted $0.13 EPS. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, equities research analysts expect that Teradyne will post $1.41 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. Stockholders of record on Friday, February 24th will be paid a $0.07 dividend. This is an increase from Teradyne’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, February 22nd. This represents a $0.28 annualized dividend and a dividend yield of 1.02%. Teradyne’s dividend payout ratio (DPR) is presently -109.09%.
In other news, insider Brad Robbins sold 4,760 shares of the firm’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $26.00, for a total value of $123,760.00. Following the sale, the insider now owns 49,315 shares in the company, valued at $1,282,190. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael A. Bradley sold 10,000 shares of Teradyne stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $23.47, for a total transaction of $234,700.00. Following the sale, the director now owns 164,721 shares in the company, valued at approximately $3,866,001.87. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,760 shares of company stock worth $592,160. 0.76% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Teradyne by 3.4% in the second quarter. Vanguard Group Inc. now owns 14,996,588 shares of the company’s stock worth $295,283,000 after buying an additional 497,069 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Teradyne by 109.1% in the third quarter. Bank of New York Mellon Corp now owns 8,819,302 shares of the company’s stock worth $190,320,000 after buying an additional 4,601,220 shares in the last quarter. American Century Companies Inc. increased its stake in Teradyne by 31.9% in the second quarter. American Century Companies Inc. now owns 8,633,347 shares of the company’s stock worth $169,991,000 after buying an additional 2,088,082 shares in the last quarter. BlackRock Fund Advisors increased its stake in Teradyne by 4.2% in the third quarter. BlackRock Fund Advisors now owns 7,735,912 shares of the company’s stock worth $166,941,000 after buying an additional 311,063 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. acquired a new stake in Teradyne during the third quarter worth $101,230,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.
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.