Teradyne (NASDAQ:TER) Price Target Raised to $250.00

Teradyne (NASDAQ:TER) had its price target upped by Bank of America from $235.00 to $250.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently commented on TER. Stifel Nicolaus set a $225.00 target price on Teradyne and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. The Goldman Sachs Group raised Teradyne from a “sell” rating to a “buy” rating and increased their price objective for the stock from $148.00 to $230.00 in a research note on Monday, December 15th. Morgan Stanley lifted their target price on Teradyne from $100.00 to $136.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Industrial Alliance Securities set a $175.00 target price on Teradyne in a report on Tuesday, October 28th. Finally, Robert W. Baird set a $195.00 price target on shares of Teradyne in a research report on Friday, October 31st. Twelve investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $200.44.

Teradyne Price Performance

Teradyne stock opened at $227.70 on Tuesday. Teradyne has a fifty-two week low of $65.77 and a fifty-two week high of $238.92. The firm’s 50 day simple moving average is $193.46 and its 200-day simple moving average is $146.31. The company has a market cap of $35.66 billion, a P/E ratio of 82.80, a price-to-earnings-growth ratio of 1.66 and a beta of 1.84.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 EPS 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 business had revenue of $769.21 million during the quarter, compared to the consensus estimate of $744.20 million. During the same quarter in the prior year, the firm earned $0.90 EPS. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts expect that Teradyne will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

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

Insider Activity at Teradyne

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

Institutional Trading of Teradyne

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Teradyne by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock worth $2,947,935,000 after purchasing an additional 444,940 shares during the last quarter. State Street Corp boosted its holdings in Teradyne by 0.3% in the third quarter. State Street Corp now owns 7,017,649 shares of the company’s stock worth $965,909,000 after purchasing an additional 24,154 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Teradyne by 6.8% in the third quarter. Ameriprise Financial Inc. now owns 5,256,857 shares of the company’s stock worth $723,600,000 after purchasing an additional 336,757 shares in the last quarter. Federated Hermes Inc. increased its position in Teradyne by 79.7% during the second quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock worth $340,353,000 after buying an additional 1,679,215 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Teradyne by 11.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,473,173 shares of the company’s stock valued at $490,134,000 after buying an additional 354,876 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

About Teradyne

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.