Teradyne (NASDAQ:TER) Coverage Initiated by Analysts at Evercore ISI

Evercore ISI began coverage on shares of Teradyne (NASDAQ:TER) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $130.00 price target on the stock.

Other equities analysts have also recently issued research reports about the company. Cantor Fitzgerald restated a neutral rating and set a $110.00 price objective on shares of Teradyne in a report on Monday, March 4th. JPMorgan Chase & Co. boosted their price objective on Teradyne from $100.00 to $110.00 and gave the company a neutral rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $113.73.

Teradyne Stock Performance

NASDAQ TER opened at $104.93 on Tuesday. The company has a market cap of $16.05 billion, a P/E ratio of 38.44 and a beta of 1.56. The business’s 50 day moving average price is $105.36 and its 200-day moving average price is $100.39. Teradyne has a fifty-two week low of $81.07 and a fifty-two week high of $119.20.

Teradyne (NASDAQ:TER) last released its earnings results on Tuesday, January 30th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. The firm had revenue of $670.60 million for the quarter, compared to the consensus estimate of $674.99 million. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS. As a group, equities analysts predict that Teradyne will post 2.95 EPS for the current year.

Teradyne Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 16th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.46%. This is a boost from Teradyne’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, February 15th. Teradyne’s dividend payout ratio is currently 17.58%.

Insider Transactions at Teradyne

In related news, Director Ernest E. Maddock purchased 1,000 shares of Teradyne stock in a transaction dated Thursday, February 1st. The stock was purchased at an average cost of $94.07 per share, with a total value of $94,070.00. Following the transaction, the director now owns 4,728 shares in the company, valued at approximately $444,762.96. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Richard John Burns sold 317 shares of the company’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $112.68, for a total transaction of $35,719.56. Following the transaction, the insider now directly owns 20,300 shares of the company’s stock, valued at approximately $2,287,404. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ernest E. Maddock bought 1,000 shares of Teradyne stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the completion of the transaction, the director now directly owns 4,728 shares in the company, valued at $444,762.96. The disclosure for this purchase can be found here. In the last three months, insiders sold 11,797 shares of company stock valued at $1,248,237. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Teradyne by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 18,285,900 shares of the company’s stock valued at $1,984,386,000 after purchasing an additional 89,511 shares during the period. BlackRock Inc. increased its holdings in shares of Teradyne by 1.7% in the first quarter. BlackRock Inc. now owns 13,566,844 shares of the company’s stock valued at $1,458,571,000 after purchasing an additional 229,924 shares during the period. FMR LLC increased its holdings in shares of Teradyne by 3.9% in the third quarter. FMR LLC now owns 11,533,715 shares of the company’s stock valued at $1,158,677,000 after purchasing an additional 437,054 shares during the period. State Street Corp increased its holdings in shares of Teradyne by 2.1% in the first quarter. State Street Corp now owns 6,423,963 shares of the company’s stock valued at $690,640,000 after purchasing an additional 131,204 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Teradyne by 2.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,432,153 shares of the company’s stock worth $445,254,000 after buying an additional 106,848 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

About Teradyne

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.