Teradyne (NASDAQ:TER) Reaches New 1-Year High After Analyst Upgrade

Teradyne, Inc. (NASDAQ:TER) hit a new 52-week high during mid-day trading on Wednesday after KeyCorp raised their price target on the stock from $140.00 to $149.00. KeyCorp currently has an overweight rating on the stock. Teradyne traded as high as $141.59 and last traded at $141.06, with a volume of 232908 shares trading hands. The stock had previously closed at $140.27.

A number of other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Robert W. Baird increased their price objective on shares of Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 price objective on shares of Teradyne in a research note on Thursday, April 25th. The Goldman Sachs Group upgraded shares of Teradyne from a “neutral” rating to a “buy” rating and increased their price objective for the company from $118.00 to $161.00 in a research note on Monday. Finally, Evercore ISI started coverage on shares of Teradyne in a research note on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and an average price target of $122.17.

Insider Activity

In related news, insider Richard John Burns sold 5,005 shares of Teradyne stock in a transaction on Monday, May 20th. The shares were sold at an average price of $137.64, for a total value of $688,888.20. Following the completion of the sale, the insider now owns 21,780 shares in the company, valued at $2,997,799.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the sale, the chief financial officer now directly owns 41,902 shares in the company, valued at $5,030,754.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Richard John Burns sold 5,005 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $137.64, for a total transaction of $688,888.20. Following the completion of the sale, the insider now owns 21,780 shares in the company, valued at $2,997,799.20. The disclosure for this sale can be found here. Insiders have sold 9,380 shares of company stock worth $1,214,863 over the last 90 days. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Teradyne

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Cornerstone Planning Group LLC acquired a new stake in Teradyne during the 3rd quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Teradyne during the 3rd quarter worth about $27,000. Bfsg LLC purchased a new position in Teradyne during the 1st quarter valued at about $34,000. CVA Family Office LLC purchased a new position in Teradyne during the 4th quarter valued at about $33,000. Finally, American National Bank purchased a new position in Teradyne during the 4th quarter valued at about $37,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Performance

The company has a 50 day simple moving average of $114.26 and a two-hundred day simple moving average of $105.23. The company has a market cap of $21.89 billion, a PE ratio of 53.33, a PEG ratio of 2.66 and a beta of 1.50.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.33 by $0.18. The business had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. As a group, analysts expect that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 22nd will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, May 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.34%. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

Teradyne Company Profile

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.