Teradyne (NASDAQ:TER) Sets New 1-Year High on Analyst Upgrade

Teradyne, Inc. (NASDAQ:TER) shares hit a new 52-week high during mid-day trading on Tuesday after Stifel Nicolaus raised their price target on the stock from $225.00 to $270.00. Stifel Nicolaus currently has a buy rating on the stock. Teradyne traded as high as $230.32 and last traded at $228.9580, with a volume of 705565 shares trading hands. The stock had previously closed at $224.36.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of Teradyne in a research note on Wednesday, October 8th. Robert W. Baird set a $195.00 target price on shares of Teradyne in a research note on Friday, October 31st. Zacks Research cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. UBS Group raised their price objective on shares of Teradyne from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Morgan Stanley boosted their target price on shares of Teradyne from $100.00 to $136.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $200.44.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the sale, the chief executive officer owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On Teradyne

Institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC increased its stake in Teradyne by 12.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after acquiring an additional 468 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of Teradyne during the first quarter worth about $297,000. Strs Ohio purchased a new position in shares of Teradyne during the first quarter worth about $795,000. Czech National Bank increased its position in shares of Teradyne by 4.8% in the second quarter. Czech National Bank now owns 39,212 shares of the company’s stock worth $3,526,000 after purchasing an additional 1,806 shares during the last quarter. Finally, Krilogy Financial LLC purchased a new stake in Teradyne in the second quarter valued at approximately $1,666,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Up 0.4%

The firm has a market capitalization of $36.05 billion, a P/E ratio of 83.71, a price-to-earnings-growth ratio of 1.65 and a beta of 1.84. The firm’s 50-day simple moving average is $192.61 and its 200-day simple moving average is $145.74.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.07. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The firm had revenue of $769.21 million for the quarter, compared to analysts’ expectations of $744.20 million. During the same quarter last year, the company posted $0.90 EPS. The business’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Monday, November 24th were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.48 annualized dividend and a yield of 0.2%. Teradyne’s dividend payout ratio is currently 17.45%.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.