Teradyne (NASDAQ:TER) Shares Up 6% – Here’s Why

Teradyne, Inc. (NASDAQ:TER) shares shot up 6% during mid-day trading on Tuesday . The stock traded as high as $189.16 and last traded at $190.3920. 372,883 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 3,546,046 shares. The stock had previously closed at $179.63.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Teradyne in a report on Wednesday, October 8th. Stifel Nicolaus set a $225.00 target price on shares of Teradyne and gave the stock a “buy” rating in a research note on Tuesday. UBS Group upped their price objective on shares of Teradyne from $165.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Robert W. Baird set a $195.00 price objective on shares of Teradyne in a research report on Friday, October 31st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $180.00 target price on shares of Teradyne in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $176.88.

Teradyne Price Performance

The company has a market capitalization of $29.81 billion, a P/E ratio of 69.21, a price-to-earnings-growth ratio of 3.64 and a beta of 1.90. The firm has a fifty day moving average price of $156.81 and a 200-day moving average price of $119.20.

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

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, November 24th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, November 24th. This represents a $0.48 annualized dividend and a yield of 0.3%. Teradyne’s dividend payout ratio is presently 17.45%.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $180.20, for a total transaction of $199,661.60. Following the completion of the sale, the chief executive officer owned 94,517 shares in the company, valued at $17,031,963.40. This trade represents a 1.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 3,324 shares of company stock worth $494,318. 0.16% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Teradyne

Several large investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in shares of Teradyne in the third quarter worth about $31,000. Davidson Capital Management Inc. purchased a new position in Teradyne in the 3rd quarter valued at approximately $31,000. CYBER HORNET ETFs LLC bought a new stake in Teradyne during the 2nd quarter valued at $35,000. Hemington Wealth Management raised its holdings in Teradyne by 43.2% during the 3rd quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after acquiring an additional 79 shares during the period. Finally, Manchester Capital Management LLC lifted its position in shares of Teradyne by 44.7% during the first quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock worth $37,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

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.