Teradyne Inc. (NASDAQ:TER) finished Wednesday with an addition of $0.65 to close at $96.48, an upside of 0.68 percent. An average of 1,346,880 shares of common stock have been traded in the last five days. There was a gain of $0.49 in the past week, and it reached a new high 25 times over the past 12 months. The last 20 days have seen an average of 1,534,755 shares traded, while the 50-day average volume stands at 1,594,642.
TER stock has decreased by -7.74% in the last month. The company shares reached their 1-month lowest point of $94.89 on 09/15/23. With the stock rallying to its 52-week high on 07/27/23, shares of the company touched a low of $67.81 and a high of $119.20 in 52 weeks. It has reached a new high 20 times so far this year and achieved 10.45% or $9.13 in price. In spite of this, the price is down -19.06% 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 45 days ago on Aug 14. In this transaction, the insider spent $2,538,265. Director, JOHNSON MERCEDES, disposed of 750 shares at a price of $115.00 on Jul 17. The insider now owns more than $86,250 worth of shares. Prior to that, President, LitePoint Corp. Robbins Brad went on to Sale 2,170 shares at $108.72 each on Jun 15. An amount of $235,922 was transacted.
Valuation Metrics
Teradyne Inc. (TER) has a trailing price-to-earnings (P/E) ratio of 28.61. The stock’s beta is 1.54. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.20, the price-to-book (PB) ratio at 6.11, and the price-to-cash flow ratio at 32.10.
The company has a payout ratio of 10.44%. The company’s most recent quarterly dividend payment was $0.11 a share, without any change from last year. Its latest increase dividend $0.01 reported on Wednesday January 26 2022.
Financial Health
The quick ratio of Teradyne Inc. for the three months ended June 29 was 2.65, and the current ratio was 3.17, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.03 and a total debt to equity ratio of 0.05 for the quarter ending June 29. Its gross profit as reported stood at $1.87 billion compared to revenue of $3.16 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Teradyne Inc.’s return on assets was 16.25%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $120.05 million in the quarter, while revenues of $83.53 million were shrunk -64.76%. The analyst consensus anticipated Teradyne Inc.’s latest quarter earnings to come in at $0.66 per share, but it turned out to be $0.79, a 19.70% surprise. For the quarter, EBITDA amounted to $167.11 million. Shareholders own equity worth $154.01 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Teradyne Inc. (TER) price momentum. RSI 9-day as of the close on 27 September was 39.40%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.33%.
As of today, TER’s price is $95.95 +0.51% or $0.49 from its 5-day moving average. TER is currently trading -10.14% lower than its 20-day SMA and +7.22% higher than its 100-day SMA. However, the stock’s current price level is -17.64% below the SMA50 and +1.78% above the SMA200.
The stochastic %K and %D were 16.22% and 10.71%, respectively, and the average true range (ATR) was 2.25. With the 14-day stochastic at 26.02% and the average true range at 2.41, the RSI (14) stands at 38.78%. The stock has reached 0.05 on the 9-day MACD Oscillator while the 14-day reading was at -0.74.
Analyst Ratings
Northland Capital upgraded Teradyne Inc. (NASDAQ: TER) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Market perform. The consensus rating for Teradyne Inc. (TER) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell TER, while 7 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 9 others rate it as a “buy”.
What is TER’s price target for the next 12 months?
Analysts predict a range of price targets between $105.00 and $155.00, with a median target of $125.00. Taking a look at these predictions, the average price target given by analysts for Teradyne Inc. (TER) stock is $124.96.
