Citigroup Boosts Teradyne (NASDAQ:TER) Price Target to $185.00

Teradyne (NASDAQ:TER) had its price objective increased by Citigroup from $112.00 to $185.00 in a research report sent to investors on Monday morning, Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on the company. JPMorgan Chase & Co. raised their target price on Teradyne from $100.00 to $110.00 and gave the company a neutral rating in a report on Thursday, April 11th. The Goldman Sachs Group raised their target price on Teradyne from $118.00 to $161.00 and gave the company a buy rating in a report on Tuesday, May 28th. Robert W. Baird raised their target price on Teradyne from $110.00 to $120.00 and gave the company an outperform rating in a report on Friday, April 26th. UBS Group raised their target price on Teradyne from $130.00 to $170.00 and gave the company a buy rating in a report on Tuesday, June 18th. Finally, Susquehanna raised their target price on Teradyne from $125.00 to $130.00 and gave the company a positive rating in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $138.93.

Teradyne Stock Down 6.5 %

Shares of TER opened at $152.35 on Monday. Teradyne has a 52-week low of $81.07 and a 52-week high of $163.21. The company has a market capitalization of $23.78 billion, a PE ratio of 57.93, a price-to-earnings-growth ratio of 3.01 and a beta of 1.50. The stock has a fifty day simple moving average of $144.75 and a two-hundred day simple moving average of $119.49.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. The business had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 EPS. As a group, equities analysts anticipate that Teradyne will post 3.04 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were paid a $0.12 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.32%. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

Insider Activity at Teradyne

In other news, CFO Sanjay Mehta sold 3,750 shares of the business’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 transaction, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Teradyne news, insider Richard John Burns sold 5,005 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $137.64, for a total transaction of $688,888.20. Following the completion of the sale, the insider now directly owns 21,780 shares in the company, valued at $2,997,799.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sanjay Mehta sold 3,750 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the sale, the chief financial officer now owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The disclosure for this sale can be found here. Insiders have sold a total of 10,005 shares of company stock worth $1,304,763 over the last three months. 0.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Teradyne

Several institutional investors and hedge funds have recently modified their holdings of TER. Norges Bank purchased a new stake in shares of Teradyne in the fourth quarter worth about $188,873,000. Van ECK Associates Corp boosted its position in shares of Teradyne by 26.9% in the fourth quarter. Van ECK Associates Corp now owns 4,361,091 shares of the company’s stock worth $473,265,000 after buying an additional 923,612 shares during the period. Boston Partners boosted its position in shares of Teradyne by 23.2% in the fourth quarter. Boston Partners now owns 2,896,349 shares of the company’s stock worth $314,324,000 after buying an additional 544,482 shares during the period. KBC Group NV boosted its position in shares of Teradyne by 1,544.3% in the fourth quarter. KBC Group NV now owns 473,221 shares of the company’s stock worth $51,354,000 after buying an additional 444,442 shares during the period. Finally, Ossiam boosted its position in shares of Teradyne by 13,540.0% in the first quarter. Ossiam now owns 419,977 shares of the company’s stock worth $47,386,000 after buying an additional 416,898 shares during the period. Hedge funds and other institutional investors 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.