Teradyne (NASDAQ:TER) Now Covered by Evercore ISI

Evercore ISI initiated coverage on shares of Teradyne (NASDAQ:TER) in a research report report published on Tuesday, Marketbeat.com reports. The brokerage issued an outperform rating and a $130.00 target price on the stock.

A number of other analysts have also weighed in on TER. Cantor Fitzgerald reaffirmed a neutral rating and issued a $110.00 price target on shares of Teradyne in a research note on Monday, March 4th. JPMorgan Chase & Co. upped their price target on shares of Teradyne from $100.00 to $110.00 and gave the stock a neutral rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Teradyne presently has a consensus rating of Hold and an average target price of $113.73.

Teradyne Stock Down 4.2 %

Teradyne stock opened at $95.97 on Tuesday. The firm has a 50-day moving average price of $105.36 and a two-hundred day moving average price of $100.37. The firm has a market capitalization of $14.68 billion, a price-to-earnings ratio of 35.15 and a beta of 1.56. Teradyne has a 52-week low of $81.07 and a 52-week high of $119.20.

Teradyne (NASDAQ:TER) last posted its earnings results on Tuesday, January 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $670.60 million during the quarter, compared to analyst estimates of $674.99 million. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. Teradyne’s revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 EPS. Research analysts expect that Teradyne will post 2.82 earnings per share for the current year.

Teradyne Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 16th were issued a $0.12 dividend. This is an increase from Teradyne’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Thursday, February 15th. Teradyne’s payout ratio is presently 17.58%.

Insider Buying and Selling

In other Teradyne news, Director Ernest E. Maddock bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the acquisition, the director now directly owns 4,728 shares of the company’s stock, valued at $444,762.96. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Ernest E. Maddock purchased 1,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were acquired at an average price of $94.07 per share, for a total transaction of $94,070.00. Following the completion of the acquisition, the director now directly owns 4,728 shares of the company’s stock, valued at $444,762.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard John Burns sold 1,744 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $104.89, for a total transaction of $182,928.16. Following the sale, the insider now owns 16,734 shares in the company, valued at approximately $1,755,229.26. The disclosure for this sale can be found here. Insiders have sold 11,797 shares of company stock worth $1,248,237 in the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Teradyne

A number of large investors have recently made changes to their positions in TER. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Teradyne by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,810 shares of the company’s stock valued at $2,579,000 after buying an additional 1,350 shares during the period. Raymond James Trust N.A. increased its stake in Teradyne by 18.9% in the 1st quarter. Raymond James Trust N.A. now owns 3,066 shares of the company’s stock valued at $363,000 after buying an additional 488 shares during the period. Cibc World Market Inc. increased its stake in Teradyne by 3.3% in the 1st quarter. Cibc World Market Inc. now owns 6,009 shares of the company’s stock valued at $710,000 after buying an additional 193 shares during the period. Sei Investments Co. increased its stake in Teradyne by 32.7% in the 1st quarter. Sei Investments Co. now owns 124,149 shares of the company’s stock valued at $14,733,000 after buying an additional 30,565 shares during the period. Finally, Prudential PLC acquired a new position in Teradyne in the 1st quarter valued at approximately $382,000. Institutional investors and hedge funds 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.