Teradyne (NYSE:TER) had its price objective raised by Stifel Nicolaus from $46.00 to $54.00 in a research report released on Wednesday morning, Marketbeat reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

A number of other research analysts have also weighed in on TER. Robert W. Baird reissued a positive rating and issued a $48.00 price objective (up from $37.00) on shares of Teradyne in a report on Friday, October 27th. Deutsche Bank lowered Teradyne from a buy rating to a hold rating and set a $44.00 price objective on the stock. in a report on Monday, November 20th. ValuEngine lowered Teradyne from a buy rating to a hold rating in a report on Friday, December 1st. Zacks Investment Research lowered Teradyne from a buy rating to a hold rating in a report on Wednesday, November 29th. Finally, Goldman Sachs Group raised Teradyne from a neutral rating to a buy rating in a report on Tuesday, December 12th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $47.09.

Teradyne (NYSE:TER) opened at $47.70 on Wednesday. The company has a quick ratio of 4.67, a current ratio of 5.00 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $9,360.00, a PE ratio of 37.86, a PEG ratio of 1.61 and a beta of 1.01. Teradyne has a 1-year low of $27.77 and a 1-year high of $48.53.

Teradyne (NYSE:TER) last announced its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.12. The business had revenue of $479.00 million for the quarter, compared to analyst estimates of $438.85 million. Teradyne had a return on equity of 23.37% and a net margin of 12.06%. The company’s revenue was up 26.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 earnings per share. sell-side analysts anticipate that Teradyne will post 2.31 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, February 23rd will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.75%. This is a positive change from Teradyne’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, February 22nd. Teradyne’s dividend payout ratio (DPR) is 22.22%.

Teradyne announced that its board has approved a stock repurchase program on Wednesday, January 24th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

In related news, Director Michael A. Bradley sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $42.80, for a total transaction of $428,000.00. Following the sale, the director now directly owns 145,836 shares of the company’s stock, valued at $6,241,780.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael A. Bradley sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $43.67, for a total value of $873,400.00. Following the sale, the director now directly owns 133,504 shares in the company, valued at $5,830,119.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 120,000 shares of company stock worth $5,213,900. 0.62% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of TER. Argent Capital Management LLC acquired a new stake in Teradyne during the third quarter worth about $47,393,000. Renaissance Technologies LLC grew its holdings in Teradyne by 200.9% during the second quarter. Renaissance Technologies LLC now owns 1,886,700 shares of the semiconductor company’s stock worth $56,658,000 after acquiring an additional 1,259,599 shares during the period. Janus Henderson Group PLC purchased a new position in Teradyne during the second quarter worth approximately $23,288,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in Teradyne by 2,108.2% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 798,311 shares of the semiconductor company’s stock worth $29,769,000 after purchasing an additional 762,159 shares in the last quarter. Finally, APG Asset Management N.V. boosted its position in Teradyne by 170.3% during the fourth quarter. APG Asset Management N.V. now owns 1,200,800 shares of the semiconductor company’s stock worth $41,870,000 after purchasing an additional 756,500 shares in the last quarter. 96.40% of the stock is currently owned by hedge funds and other institutional investors.

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About Teradyne

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.

Analyst Recommendations for Teradyne (NYSE:TER)

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