Teradyne (NASDAQ:TER) Sets New 12-Month High – What’s Next?

Shares of Teradyne, Inc. (NASDAQ:TER) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $192.00 and last traded at $192.8810, with a volume of 453285 shares trading hands. The stock had previously closed at $189.94.

Analysts Set New Price Targets

Several brokerages have recently commented on TER. Wall Street Zen raised shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Monday, September 1st. Stifel Nicolaus set a $225.00 price objective on shares of Teradyne and gave the company a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of Teradyne from $122.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Bank of America raised Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 price objective on the stock in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $176.88.

Teradyne Stock Performance

The stock has a 50-day moving average of $157.92 and a two-hundred day moving average of $119.96. The company has a market cap of $30.48 billion, a P/E ratio of 70.56, a price-to-earnings-growth ratio of 1.88 and a beta of 1.85.

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

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Monday, November 24th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is presently 17.45%.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $180.20, for a total value of $199,661.60. Following the completion of the sale, the chief executive officer directly owned 94,517 shares in the company, valued at approximately $17,031,963.40. This trade represents a 1.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 3,324 shares of company stock worth $494,318 over the last 90 days. Corporate insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TER. Root Financial Partners LLC bought a new stake in Teradyne in the 3rd quarter worth approximately $31,000. Davidson Capital Management Inc. purchased a new stake in Teradyne during the third quarter valued at $31,000. CYBER HORNET ETFs LLC bought a new position in Teradyne in the second quarter valued at about $35,000. Hemington Wealth Management lifted its holdings in Teradyne by 43.2% in the third 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 boosted its position in Teradyne by 44.7% in the first quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock worth $37,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

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.