News headlines about Teradyne (NYSE:TER) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Teradyne earned a news impact score of 0.22 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 47.7997363650085 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
- $0.42 Earnings Per Share Expected for Teradyne, Inc. (TER) This Quarter (americanbankingnews.com)
- Teradyne, Inc. (TER) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
- Global Automated Test Equipment Market is expected to be driven by increasing demand from semiconductor and automotive industry (marketwatch.com)
- How Teradyne Inc (NYSE:TER) Delivered A Better ROE Than Its Industry (finance.yahoo.com)
- Stock Have Negative EPS Growth Momentum For This Year: Teradyne, Inc. (TER) – Wallstreet Investorplace (wallstreetinvestorplace.com)
A number of equities research analysts have commented on the stock. Stifel Nicolaus lifted their target price on shares of Teradyne from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Citigroup boosted their price objective on shares of Teradyne from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Robert W. Baird reissued a “positive” rating and set a $48.00 price objective (up previously from $37.00) on shares of Teradyne in a research report on Friday, October 27th. Deutsche Bank downgraded shares of Teradyne from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a research report on Monday, November 20th. Finally, DA Davidson boosted their price objective on shares of Teradyne to $55.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $48.00.
Teradyne (NYSE:TER) last issued its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.12. Teradyne had a net margin of 12.06% and a return on equity of 23.37%. The firm had revenue of $479.00 million during the quarter, compared to the consensus estimate of $438.85 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. sell-side analysts expect that Teradyne will post 2.47 earnings per share for the current fiscal year.
Teradyne declared that its board has authorized a share repurchase plan on Wednesday, January 24th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the semiconductor company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, February 23rd will be paid a dividend of $0.09 per share. This is a boost from Teradyne’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.80%. Teradyne’s payout ratio is 12.73%.
In related news, CFO Gregory R. Beecher sold 71,300 shares of Teradyne stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $46.57, for a total transaction of $3,320,441.00. Following the transaction, the chief financial officer now owns 77,676 shares in the company, valued at approximately $3,617,371.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Charles Jeffrey Gray sold 5,040 shares of Teradyne stock in a transaction on Friday, January 26th. The shares were sold at an average price of $47.25, for a total transaction of $238,140.00. Following the transaction, the vice president now owns 31,593 shares in the company, valued at approximately $1,492,769.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,009 shares of company stock worth $6,731,077. 0.62% of the stock is owned by corporate insiders.
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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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