Q3 2019 EPS Estimates for Teradyne, Inc. Increased by Analyst (TER)

Teradyne, Inc. (NYSE:TER) – Equities researchers at DA Davidson increased their Q3 2019 EPS estimates for Teradyne in a report issued on Wednesday, January 9th. DA Davidson analyst T. Diffely now expects that the semiconductor company will post earnings of $0.70 per share for the quarter, up from their prior estimate of $0.68. DA Davidson currently has a “Neutral” rating and a $35.00 price objective on the stock.

Teradyne (NYSE:TER) last issued its earnings results on Tuesday, October 23rd. The semiconductor company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.08. The business had revenue of $566.90 million for 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%. The firm’s revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 EPS.

A number of other brokerages also recently weighed in on TER. Citigroup dropped their target price 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 raised shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Monday, November 26th. Bank of America downgraded shares of Teradyne from a “buy” rating to a “neutral” rating and set a $40.00 target price for the company. in a research note on Monday, November 26th. Goldman Sachs Group downgraded shares of Teradyne from a “buy” rating to a “neutral” rating in a research note on Thursday, October 18th. Finally, Robert W. Baird dropped 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. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Teradyne has an average rating of “Hold” and an average target price of $41.08.

NYSE:TER opened at $32.33 on Friday. Teradyne has a 12 month low of $28.73 and a 12 month high of $50.68. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 2.02 and a beta of 1.25. The company has a current ratio of 4.10, a quick ratio of 3.76 and a debt-to-equity ratio of 0.23.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 21st. Investors of record on Wednesday, November 28th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Tuesday, November 27th. Teradyne’s dividend payout ratio (DPR) is 15.38%.

Several institutional investors and hedge funds have recently bought and sold shares of TER. Senator Investment Group LP bought a new stake in shares of Teradyne during the second quarter worth approximately $89,655,000. Federated Investors Inc. PA increased its stake in Teradyne by 1,587.4% in the third quarter. Federated Investors Inc. PA now owns 1,341,352 shares of the semiconductor company’s stock valued at $49,604,000 after purchasing an additional 1,261,861 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD bought a new stake in Teradyne in the third quarter valued at approximately $44,291,000. Waddell & Reed Financial Inc. bought a new stake in Teradyne in the second quarter valued at approximately $21,886,000. Finally, Voya Investment Management LLC increased its stake in Teradyne by 284.3% in the second quarter. Voya Investment Management LLC now owns 678,460 shares of the semiconductor company’s stock valued at $25,829,000 after purchasing an additional 501,922 shares in the last quarter.

About Teradyne

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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