Citigroup Inc. reaffirmed their buy rating on shares of Teradyne, Inc. (NYSE:TER) in a research report released on Tuesday. The firm currently has a $43.00 target price on the semiconductor company’s stock.

Several other research firms also recently commented on TER. KeyCorp restated an outperform rating and set a $40.00 target price on shares of Teradyne in a research report on Saturday, September 16th. Zacks Investment Research downgraded Teradyne from a buy rating to a hold rating in a research report on Monday. BidaskClub upgraded Teradyne from a buy rating to a strong-buy rating in a research report on Tuesday, July 25th. Susquehanna Bancshares Inc restated a neutral rating and set a $41.00 target price (up previously from $32.00) on shares of Teradyne in a research report on Monday. Finally, Needham & Company LLC restated a buy rating and set a $40.00 target price on shares of Teradyne in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $36.83.

Teradyne (TER) opened at 35.69 on Tuesday. The company’s 50-day moving average price is $34.77 and its 200-day moving average price is $33.44. The company has a market capitalization of $7.06 billion, a P/E ratio of 18.42 and a beta of 0.94. Teradyne has a 52 week low of $20.22 and a 52 week high of $36.94.

Teradyne (NYSE:TER) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.04. The business had revenue of $697.00 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. On average, equities analysts forecast that Teradyne will post $1.97 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.28 annualized dividend and a yield of 0.78%. Teradyne’s payout ratio is 14.51%.

In other Teradyne news, Director Michael A. Bradley sold 22,168 shares of Teradyne stock in a transaction on Friday, September 1st. The stock was sold at an average price of $35.64, for a total value of $790,067.52. Following the completion of the transaction, the director now owns 194,938 shares in the company, valued at approximately $6,947,590.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brad Robbins sold 15,892 shares of Teradyne stock in a transaction on Friday, July 28th. The shares were sold at an average price of $34.54, for a total value of $548,909.68. Following the completion of the transaction, the insider now owns 19,171 shares of the company’s stock, valued at approximately $662,166.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 141,698 shares of company stock valued at $5,012,857. Corporate insiders own 0.62% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TER. Great West Life Assurance Co. Can increased its stake in shares of Teradyne by 3.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 119,942 shares of the semiconductor company’s stock valued at $3,728,000 after buying an additional 4,271 shares during the period. First Trust Advisors LP increased its stake in shares of Teradyne by 19.0% in the 1st quarter. First Trust Advisors LP now owns 36,143 shares of the semiconductor company’s stock valued at $1,124,000 after buying an additional 5,766 shares during the period. Swiss National Bank increased its stake in shares of Teradyne by 0.7% in the 1st quarter. Swiss National Bank now owns 332,900 shares of the semiconductor company’s stock valued at $10,353,000 after buying an additional 2,400 shares during the period. World Asset Management Inc increased its stake in shares of Teradyne by 0.7% in the 1st quarter. World Asset Management Inc now owns 12,414 shares of the semiconductor company’s stock valued at $386,000 after buying an additional 82 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in shares of Teradyne in the 1st quarter valued at $1,413,000. 93.10% of the stock is owned by institutional investors.

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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