Teradyne (NASDAQ:TER) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Teradyne (NASDAQ:TER) from a neutral rating to an overweight rating in a research report released on Monday morning, MarketBeat reports. The brokerage currently has $158.00 price target on the stock, up from their prior price target of $145.00.

TER has been the subject of several other research reports. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Northland Securities reduced their price target on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research report on Friday, October 25th. Robert W. Baird dropped their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Evercore ISI lifted their target price on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus decreased their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.25.

Teradyne Trading Down 3.3 %

Shares of TER stock opened at $123.77 on Monday. Teradyne has a 12 month low of $92.29 and a 12 month high of $163.21. The company has a market cap of $20.16 billion, a P/E ratio of 39.29, a PEG ratio of 2.66 and a beta of 1.51. The firm has a fifty day moving average price of $115.02 and a 200 day moving average price of $129.34.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.12. The business had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 EPS. On average, equities analysts forecast that Teradyne will post 3.17 EPS for the current year.

Teradyne declared that its Board of Directors has initiated a share repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Insider Buying and Selling at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $83,000.00. Following the completion of the transaction, the director now owns 15,893 shares in the company, valued at $2,110,590.40. This trade represents a 3.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Richard John Burns sold 789 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the sale, the insider now directly owns 21,864 shares in the company, valued at approximately $2,903,539.20. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,494 shares of company stock valued at $596,803. 0.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Teradyne

Several hedge funds and other institutional investors have recently bought and sold shares of TER. State Street Corp raised its position in Teradyne by 5.4% during the third quarter. State Street Corp now owns 6,880,148 shares of the company’s stock worth $921,458,000 after acquiring an additional 350,002 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Teradyne by 1.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock worth $682,597,000 after purchasing an additional 57,989 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Teradyne by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock worth $535,484,000 after purchasing an additional 209,868 shares during the last quarter. Van ECK Associates Corp lifted its stake in Teradyne by 6.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock valued at $383,501,000 after buying an additional 183,721 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Teradyne by 18.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock valued at $325,814,000 after buying an additional 374,522 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

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.