The stock of Teradyne Inc. (NASDAQ:TER) increased by $1.03 on Tuesday to finish at $97.79, up 1.06 percent. The last five days have seen an average of 1,856,640 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $10.44. The average number of shares traded over the last 20 days was 1,498,760, while the average volume over the last 50 days totaled 1,623,454.
TER stock dropped -3.24% since last month. On 09/15/23, the company’s shares reached a one-month low of $94.89. The stock touched a high of $119.20 on 07/27/23, after rallying from a low of $67.81 in 52 weeks. The price of TER stock has risen by 11.95% or $10.44 this year, reaching a new high 20 times. Still, the stock price is down -17.96% from the 52-week high.
Insider Transactions
TER stock investors should be aware that Teradyne Inc. (TER) stock had its last reported insider trading activity 37 days ago on Aug 14. On Aug 14, VP and Chief Financial Officer Mehta Sanjay sold 24,571 shares at $103.30 each. This transaction resulted in the insider making $2,538,265. On Jul 17, JOHNSON MERCEDES sold 750 shares at a price of US$115.00. After the transaction, the insider now owns 17,767 shares. President, LitePoint Corp. Robbins Brad had earlier sold 2,170 shares on Jun 15 for $108.72 a share. The transaction was completed for $235,922.
Valuation Metrics
Teradyne Inc. (TER) has a trailing price-to-earnings (P/E) ratio of 28.99. Beta for the stock is 1.54. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.40, the price-to-book (PB) ratio of 6.22, and the price-to-cash flow ratio of 33.38.
Company paid $0.11 per share in dividends, remained unchanged from $0.11 last year. A $0.01 dividend increase was reported on Wednesday January 26 2022.
Financial Health
For the three months ended June 29, Teradyne Inc.’s quick ratio was 2.70, while its current ratio was 3.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 58.20% percent. Teradyne Inc.’s EBITDA margin for the year ended June 29 was 30.40%, whereas its operating margin stood at 22.00% for the same period. Based on annual data, it had gross profit of $1.87 billion and revenue of $3.16 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TER’s return on assets (ROA) during the last 12 months has been 16.50%. There was a 28.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 23.30%.
Earnings Surprise
According to Teradyne Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $684.44 million, while revenues fell by -22.84% to $617.53 million. It was predicted that Teradyne Inc.’s quarterly earnings would be $0.79, but it ended up being $0.66, beating the consensus by 19.70%. EBITDA was $167.11 million for the quarter. At the end of Teradyne Inc.’s most recent quarter ended June 29, its liabilities totaled 960.01 million, while its total debt was $118.1 million. Equity owned by shareholders amounts to $154.01 million.
Technical Picture
Here’s a quick look at Teradyne Inc.’s (TER) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 37.14%, suggesting the stock is Neutral, with a 31.76% historical volatility rate.
The stochastic %K and %D were 12.54% and 8.92% respectively, while the average true range (ATR) was 2.52. Based on the 14-day stochastic reading of 20.31%, the RSI (14) reading is 38.23%. On the 9-day MACD Oscillator, the stock is at -1.30, and the 14-day reading is at -4.58.
Analyst Ratings
Teradyne Inc. (NASDAQ: TER) was downgraded by JP Morgan to a an Underweight rating in its latest research report. The stock was previously rated as a a Neutral. Analysts have assigned Teradyne Inc. (TER) an Overweight rating. TER is a stock that is recommended for selling by 1 brokerage firm, while 8 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 8 others recommend it as a buy.
What is TER’s price target for the next 12 months?
The current consensus forecast for the stock is between $87.00 and $155.00, with a median target price of $123.40. In analyzing these forecasts, the average price target given by analysts for Teradyne Inc. (TER) is $122.67.
