KeyCorp reiterated their outperform rating on shares of Teradyne, Inc. (NYSE:TER) in a report issued on Saturday. They currently have a $40.00 price objective on the semiconductor company’s stock.
A number of other analysts have also recently issued reports on the company. Zacks Investment Research raised Teradyne from a hold rating to a buy rating and set a $36.00 price objective on the stock in a report on Wednesday, June 28th. BidaskClub cut Teradyne from a hold rating to a sell rating in a report on Thursday, July 6th. ValuEngine raised Teradyne from a hold rating to a buy rating in a report on Friday, June 2nd. Stifel Nicolaus raised Teradyne from a hold rating to a buy rating and raised their price target 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. Finally, Credit Suisse Group reaffirmed a neutral rating on shares of Teradyne in a report on Thursday, July 27th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Teradyne currently has a consensus rating of Buy and an average price target of $35.80.
Teradyne (TER) traded up 2.87% on Friday, reaching $36.87. The company had a trading volume of 3,999,641 shares. The stock has a market capitalization of $7.29 billion, a P/E ratio of 19.02 and a beta of 0.94. Teradyne has a 12-month low of $20.22 and a 12-month high of $36.94. The stock’s 50-day moving average price is $34.69 and its 200-day moving average price is $33.28.
Teradyne (NYSE:TER) last issued its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. The business had revenue of $697.00 million for 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%. The firm’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 EPS. On average, equities research analysts anticipate that Teradyne will post $1.97 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors 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 dividend yield of 0.76%. Teradyne’s dividend payout ratio is 14.51%.
In related news, Director Edwin J. Gillis sold 41,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $35.63, for a total transaction of $1,460,830.00. Following the transaction, the director now directly owns 49,638 shares of the company’s stock, valued at approximately $1,768,601.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael A. Bradley sold 22,168 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $35.64, for a total value of $790,067.52. Following the transaction, the director now directly owns 194,938 shares in the company, valued at $6,947,590.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 141,698 shares of company stock worth $5,012,857. 0.62% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Segantii Capital Management Ltd purchased a new position in shares of Teradyne during the 1st quarter valued at about $121,000. WFG Advisors LP raised its holdings in shares of Teradyne by 21.9% during the 2nd quarter. WFG Advisors LP now owns 3,900 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 700 shares in the last quarter. Paradigm Asset Management Co. LLC raised its holdings in shares of Teradyne by 193.3% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock valued at $132,000 after buying an additional 2,900 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Teradyne by 4.6% during the 2nd quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 211 shares in the last quarter. Finally, Fiduciary Trust Co. purchased a new position in shares of Teradyne during the 2nd quarter valued at about $147,000. 93.21% of the stock is currently owned by institutional investors.
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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