Evercore ISI set a $110.00 price objective on Teradyne (NASDAQ:TER – Get Rating) in a report released on Wednesday, Stock Target Advisor reports.
A number of other research analysts have also recently weighed in on the company. Northland Securities lowered their price objective on Teradyne from $85.00 to $74.00 and set a market perform rating on the stock in a research report on Monday, October 17th. Deutsche Bank Aktiengesellschaft lowered their price target on Teradyne from $95.00 to $85.00 and set a hold rating on the stock in a report on Thursday, October 13th. KeyCorp lowered their price target on Teradyne from $140.00 to $120.00 and set an overweight rating on the stock in a report on Thursday, July 28th. DA Davidson lowered their price target on Teradyne from $120.00 to $105.00 in a report on Thursday, October 27th. Finally, Needham & Company LLC decreased their price objective on Teradyne to $3.00 and set a buy rating on the stock in a report on Friday, August 12th. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $93.12.
Get Teradyne alerts:Teradyne Trading Down 1.4 %
NASDAQ TER opened at $92.59 on Wednesday. Teradyne has a 12 month low of $67.81 and a 12 month high of $168.91. The stock has a market cap of $14.42 billion, a P/E ratio of 20.71, a P/E/G ratio of 5.34 and a beta of 1.50. The stock's fifty day moving average price is $81.34 and its 200-day moving average price is $88.98. The company has a current ratio of 3.03, a quick ratio of 2.59 and a debt-to-equity ratio of 0.02.
Teradyne (NASDAQ:TER – Get Rating) last released its quarterly earnings data on Tuesday, October 25th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.04 by $0.11. Teradyne had a return on equity of 33.39% and a net margin of 23.38%. The company had revenue of $827.07 million during the quarter, compared to the consensus estimate of $800.20 million. During the same period last year, the company earned $1.59 EPS. Teradyne's revenue for the quarter was down 13.0% on a year-over-year basis. As a group, equities analysts forecast that Teradyne will post 4.07 EPS for the current fiscal year.Teradyne Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Monday, November 28th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Friday, November 25th. Teradyne's payout ratio is currently 9.84%.
Insider Activity
In other news, insider Brad Robbins sold 3,144 shares of the firm's stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $75.84, for a total value of $238,440.96. Following the transaction, the insider now owns 44,755 shares in the company, valued at $3,394,219.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.36% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. CVA Family Office LLC grew its stake in Teradyne by 114.2% during the 3rd quarter. CVA Family Office LLC now owns 619 shares of the company's stock worth $47,000 after purchasing an additional 330 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in Teradyne during the 3rd quarter worth about $1,107,000. National Pension Service lifted its holdings in Teradyne by 0.8% during the 3rd quarter. National Pension Service now owns 290,150 shares of the company's stock worth $22,391,000 after buying an additional 2,168 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in Teradyne by 2.7% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,619 shares of the company's stock worth $422,000 after buying an additional 146 shares during the last quarter. Finally, Kentucky Retirement Systems lifted its holdings in shares of Teradyne by 3.2% in the 3rd quarter. Kentucky Retirement Systems now owns 12,273 shares of the company's stock valued at $922,000 after purchasing an additional 383 shares during the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.
About Teradyne
(Get Rating)
Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.
Featured Articles
- Get a free copy of the StockNews.com research report on Teradyne (TER)
- MarketBeat: Week in Review 11/21 – 11/25
- Is the 60/40 Portfolio Mix Still in Vogue?
- Three CBD Stocks to Dominate a Budding Industry
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Institutional Support for Analog Devices Remains High
Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter.