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

Teradyne, Inc. (NASDAQ:TER) shares 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 traded. The stock had previously closed at $140.27.

Several other research analysts have also issued reports on the company. Robert W. Baird increased their price target on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Evercore ISI began coverage on Teradyne in a report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price target on the stock. JPMorgan Chase & Co. increased their price target on Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Susquehanna raised their target price on Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a report on Friday, April 26th. Finally, The Goldman Sachs Group upgraded Teradyne from a “neutral” rating to a “buy” rating and raised their target price for the company from $118.00 to $161.00 in a report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.17.

Insider Activity

In other news, insider Richard John Burns sold 5,005 shares of the company’s stock in a transaction on Monday, May 20th. The stock was 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 directly owns 21,780 shares in the company, valued at approximately $2,997,799.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Richard John Burns sold 5,005 shares of the stock in a transaction dated 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 transaction, the insider now owns 21,780 shares of the company’s stock, valued at approximately $2,997,799.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $121.20, for a total transaction of $75,750.00. Following the completion of the transaction, the director now directly owns 17,142 shares of the company’s stock, valued at approximately $2,077,610.40. The disclosure for this sale can be found here. Insiders have sold 9,380 shares of company stock valued at $1,214,863 in the last ninety days. 0.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Teradyne

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Teradyne by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock valued at $2,078,462,000 after acquiring an additional 135,286 shares in the last quarter. FMR LLC grew its stake in Teradyne by 3.9% during the 3rd quarter. FMR LLC now owns 11,533,715 shares of the company’s stock valued at $1,158,677,000 after acquiring an additional 437,054 shares in the last quarter. Van ECK Associates Corp grew its stake in Teradyne by 10.4% during the 1st quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock valued at $543,278,000 after acquiring an additional 453,926 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Teradyne by 2.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,432,153 shares of the company’s stock valued at $445,254,000 after acquiring an additional 106,848 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Teradyne by 4.6% in the 3rd quarter. Nordea Investment Management AB now owns 3,177,256 shares of the company’s stock valued at $321,062,000 after purchasing an additional 140,579 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Trading Up 1.8 %

The firm’s fifty day simple moving average is $113.54 and its two-hundred day simple moving average is $104.99. The company has a market capitalization of $22.30 billion, a price-to-earnings ratio of 54.32 and a beta of 1.50.

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

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $0.48 annualized dividend and a yield of 0.34%. Teradyne’s dividend payout ratio 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.