Susquehanna Bancshares Inc restated their neutral rating on shares of Teradyne, Inc. (NYSE:TER) in a report released on Monday. They currently have a $41.00 price objective on the semiconductor company’s stock, up from their prior price objective of $32.00.
A number of other analysts also recently weighed in on the company. Zacks Investment Research upgraded Teradyne from a hold rating to a buy rating and set a $36.00 price objective for the company in a report on Wednesday, June 28th. BidaskClub downgraded Teradyne from a hold rating to a sell rating in a report on Thursday, July 6th. ValuEngine upgraded Teradyne from a hold rating to a buy rating in a report on Friday, June 2nd. KeyCorp restated a buy rating and issued a $40.00 price objective on shares of Teradyne in a report on Tuesday, September 5th. Finally, Stifel Nicolaus upgraded Teradyne from a hold rating to a buy rating and increased their price objective for the company from $32.00 to $39.00 in a report on Wednesday, July 5th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $36.83.
Shares of Teradyne (TER) opened at 35.69 on Monday. The firm has a market capitalization of $7.06 billion, a PE ratio of 18.42 and a beta of 0.94. The company’s 50 day moving average price is $34.77 and its 200-day moving average price is $33.44. Teradyne has a 52 week low of $20.22 and a 52 week high of $36.94.
Teradyne (NYSE:TER) last announced its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.04. The company had revenue of $697.00 million during the quarter, compared to analysts’ expectations of $683.66 million. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. Teradyne’s revenue was up 31.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. On average, equities research analysts expect that Teradyne will post $1.97 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.28 dividend on an annualized basis and a yield of 0.78%. Teradyne’s payout ratio is currently 14.51%.
In other Teradyne news, insider Mark E. Jagiela sold 30,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $34.50, for a total transaction of $1,035,000.00. Following the completion of the sale, the insider now directly owns 248,413 shares in the company, valued at approximately $8,570,248.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brad Robbins sold 15,892 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $34.54, for a total value of $548,909.68. Following the sale, the insider now owns 19,171 shares of the company’s stock, valued at $662,166.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 141,698 shares of company stock valued at $5,012,857. Company insiders own 0.62% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Segantii Capital Management Ltd acquired a new stake in Teradyne during the 1st quarter worth about $121,000. WFG Advisors LP grew its holdings in Teradyne by 21.9% during the 2nd quarter. WFG Advisors LP now owns 3,900 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 700 shares during the period. Paradigm Asset Management Co. LLC grew its holdings in Teradyne by 193.3% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 2,900 shares during the period. IFP Advisors Inc grew its holdings in Teradyne by 4.6% during the 2nd quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock worth $144,000 after acquiring an additional 211 shares during the period. Finally, Fiduciary Trust Co. acquired a new stake in Teradyne during the 2nd quarter worth about $147,000. Hedge funds and other institutional investors own 93.10% 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, communications, and aerospace and defense industries.
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