Teradyne, Inc. (NYSE:TER) – Equities research analysts at DA Davidson raised their Q3 2019 earnings per share (EPS) estimates for Teradyne in a report issued on Wednesday, January 9th. DA Davidson analyst T. Diffely now forecasts that the semiconductor company will post earnings per share of $0.70 for the quarter, up from their previous forecast of $0.68. DA Davidson currently has a “Neutral” rating and a $35.00 target price on the stock.
Teradyne (NYSE:TER) last announced its quarterly earnings results on Tuesday, October 23rd. The semiconductor company reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.08. The business had revenue of $566.90 million during the quarter, compared to analyst estimates of $556.87 million. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. Teradyne’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS.
A number of other analysts have also commented on TER. Citigroup decreased their price target on shares of Teradyne from $51.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, September 25th. ValuEngine lowered shares of Teradyne from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Robert W. Baird reduced their target price on shares of Teradyne from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Wednesday, October 10th. Zacks Investment Research lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 12th. Finally, Goldman Sachs Group lowered shares of Teradyne from a “buy” rating to a “neutral” rating in a research note on Thursday, October 18th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.08.
Shares of TER stock opened at $32.17 on Friday. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.10 and a quick ratio of 3.76. Teradyne has a 12 month low of $28.73 and a 12 month high of $50.68.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Shareholders of record on Wednesday, November 28th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Tuesday, November 27th. Teradyne’s dividend payout ratio (DPR) is presently 15.38%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd purchased a new stake in shares of Teradyne in the third quarter worth about $114,000. Cornerstone Wealth Management LLC bought a new position in shares of Teradyne in the third quarter worth approximately $214,000. Perpetual Ltd bought a new position in shares of Teradyne in the third quarter worth approximately $215,000. Emerald Advisers Inc. PA bought a new position in shares of Teradyne in the third quarter worth approximately $281,000. Finally, Commonwealth Bank of Australia bought a new position in Teradyne during the third quarter valued at approximately $343,000.
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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