Teradyne (NASDAQ:TER) Reaches New 1-Year High at $132.69

Teradyne, Inc. (NASDAQ:TER)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $132.69 and last traded at $132.42, with a volume of 421053 shares traded. The stock had previously closed at $131.95.

Analyst Upgrades and Downgrades

TER has been the subject of a number of analyst reports. Robert W. Baird boosted their price target on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Evercore ISI started coverage on Teradyne in a research report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 target price for the company. The Goldman Sachs Group lifted their price target on shares of Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. raised their target price on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, Susquehanna boosted their target price on shares of Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $117.83.

Teradyne Trading Up 0.3 %

The business’s fifty day moving average price is $111.48 and its 200 day moving average price is $103.68. The company has a market capitalization of $20.59 billion, a P/E ratio of 50.16 and a beta of 1.50.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. The firm had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share. Equities research analysts anticipate that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Tuesday, May 21st. Teradyne’s dividend payout ratio (DPR) is 18.25%.

Insiders Place Their Bets

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $121.20, for a total value of $75,750.00. Following the transaction, the director now directly owns 17,142 shares in the company, valued at $2,077,610.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Sanjay Mehta sold 3,750 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the sale, the chief financial officer now directly owns 41,902 shares in the company, valued at $5,030,754.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $121.20, for a total transaction of $75,750.00. Following the transaction, the director now owns 17,142 shares in the company, valued at approximately $2,077,610.40. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

A number of institutional investors have recently modified their holdings of the stock. Mutual of America Capital Management LLC increased its holdings in shares of Teradyne by 6.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 41,973 shares of the company’s stock valued at $4,555,000 after purchasing an additional 2,590 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Teradyne by 8,125.5% during the fourth quarter. International Assets Investment Management LLC now owns 133,088 shares of the company’s stock worth $14,443,000 after acquiring an additional 131,470 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Teradyne by 3.8% during the fourth quarter. Raymond James & Associates now owns 448,581 shares of the company’s stock valued at $48,680,000 after acquiring an additional 16,595 shares during the period. Value Aligned Research Advisors LLC bought a new position in Teradyne in the fourth quarter valued at about $2,981,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Teradyne in the fourth quarter worth about $998,000. 99.77% of the stock is owned by institutional investors.

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.