Teradyne (NASDAQ:TER) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Teradyne (NASDAQ:TER - Get Free Report) released its earnings results on Tuesday. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03, Zacks reports. Teradyne had a return on equity of 20.06% and a net margin of 19.86%.Teradyne Stock Performance5 Companies Leading the Charge With Robotic SolutionsShares of TER traded down $0.59 during midday trading on Tuesday, hitting $90.55. 6,682,914 shares of the stock were exchanged, compared to its average volume of 3,315,260. Teradyne has a 52-week low of $65.77 and a 52-week high of $144.16. The stock has a fifty day simple moving average of $87.83 and a 200 day simple moving average of $93.39. The firm has a market cap of $14.53 billion, a P/E ratio of 25.58, a P/E/G ratio of 3.99 and a beta of 1.70. Teradyne Dividend AnnouncementThe company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd were given a dividend of $0.12 per share. The ex-dividend date was Thursday, May 22nd. This represents a $0.48 annualized dividend and a dividend yield of 0.53%. Teradyne's dividend payout ratio is currently 13.56%. 3 AI Chip Stocks That Still Have a Long RunwayTeradyne declared that its board has approved a stock repurchase program on Monday, April 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 8.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued. Analysts Set New Price TargetsSeveral equities analysts have recently weighed in on the company. KeyCorp restated a "sector weight" rating on shares of Teradyne in a research report on Thursday, April 17th. Cantor Fitzgerald set a $105.00 price target on Teradyne and gave the company an "overweight" rating in a report on Tuesday, June 24th. Morgan Stanley increased their price target on Teradyne from $68.00 to $74.00 and gave the company an "underweight" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $102.00 price target (up previously from $88.00) on shares of Teradyne in a report on Thursday, July 17th. Finally, The Goldman Sachs Group started coverage on Teradyne in a report on Thursday, July 10th. They issued a "sell" rating and a $80.00 price target for the company. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Teradyne presently has a consensus rating of "Hold" and an average target price of $112.50.Teradyne Stock is a Key Player in the Semiconductor Infrastructure Trend View Our Latest Research Report on TeradyneInstitutional Inflows and OutflowsA hedge fund recently raised its stake in Teradyne stock. Integrated Wealth Concepts LLC lifted its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 12.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,136 shares of the company's stock after purchasing an additional 468 shares during the period. Integrated Wealth Concepts LLC's holdings in Teradyne were worth $342,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 99.77% of the company's stock. About Teradyne (Get Free Report)Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.Further ReadingFive stocks we like better than TeradyneWhat is the Dogs of the Dow Strategy? Overview and ExamplesShould Investors Lock Arms With Buffett and Dive Into POOL Stock?Buy P&G Now, Before It Sets A New All-Time HighBig 3 Telecom Wars: 2 Solid Showings, 1 Huge Winner in Q2What Are Earnings Reports?Analysts Are Upgrading These 3 Massive AI Stocks After EarningsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Teradyne Right Now?Before you consider Teradyne, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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