Evercore ISI upgraded shares of Teradyne (NYSE:TER) from an in-line rating to an outperform rating in a research report report published on Monday morning, Benzinga reports. The firm currently has $85.00 price objective on the semiconductor company’s stock, up from their previous price objective of $65.00.
A number of other equities analysts also recently commented on the stock. Stifel Nicolaus restated a hold rating and set a $55.00 price objective on shares of Teradyne in a research report on Tuesday, December 3rd. Citigroup upped their price objective on shares of Teradyne from $66.00 to $73.00 and gave the stock a buy rating in a research report on Friday, October 25th. Cowen upped their price objective on shares of Teradyne from $60.00 to $64.00 and gave the stock a market perform rating in a research report on Thursday, October 24th. Credit Suisse Group upped their price objective on shares of Teradyne from $55.00 to $62.00 and gave the stock a neutral rating in a research report on Thursday, October 24th. Finally, UBS Group upped their price objective on shares of Teradyne from $47.00 to $63.00 and gave the stock a neutral rating in a research report on Monday, October 21st. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Teradyne has an average rating of Hold and an average price target of $64.00.
Shares of Teradyne stock opened at $70.50 on Monday. The company has a fifty day simple moving average of $67.05 and a 200-day simple moving average of $58.98. Teradyne has a 12-month low of $31.35 and a 12-month high of $70.82. The company has a current ratio of 4.10, a quick ratio of 3.76 and a debt-to-equity ratio of 0.23. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 2.02 and a beta of 1.25.
Teradyne (NYSE:TER) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The business had revenue of $582.04 million during the quarter, compared to analysts’ expectations of $565.43 million. During the same quarter in the prior year, the business posted $0.71 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts forecast that Teradyne will post 2.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Wednesday, November 27th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.51%. Teradyne’s dividend payout ratio (DPR) is presently 15.38%.
In other news, insider Walter G. Vahey sold 25,012 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $63.62, for a total transaction of $1,591,263.44. Following the transaction, the insider now directly owns 52,754 shares of the company’s stock, valued at approximately $3,356,209.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider King Wallace 362,138 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. Over the last ninety days, insiders have sold 46,234 shares of company stock worth $2,922,166. Corporate insiders own 0.49% of the company’s stock.
Large investors have recently bought and sold shares of the company. FNY Investment Advisers LLC grew its stake in shares of Teradyne by 63.6% during the 4th quarter. FNY Investment Advisers LLC now owns 625 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 243 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in Teradyne by 35.9% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,063 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 281 shares during the last quarter. Smithfield Trust Co. grew its stake in Teradyne by 1,670.6% in the 3rd quarter. Smithfield Trust Co. now owns 1,505 shares of the semiconductor company’s stock valued at $87,000 after acquiring an additional 1,420 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Teradyne in the 2nd quarter valued at about $91,000. Finally, Captrust Financial Advisors grew its stake in Teradyne by 10.3% in the 2nd quarter. Captrust Financial Advisors now owns 2,391 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 224 shares during the last quarter.
Teradyne Company Profile
Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.
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