Teradyne (NASDAQ:TER) Price Target Raised to $270.00

Teradyne (NASDAQ:TER) had its price target hoisted by Stifel Nicolaus from $225.00 to $270.00 in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on the company. Industrial Alliance Securities set a $175.00 price objective on Teradyne in a research note on Tuesday, October 28th. Zacks Research downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Bank of America increased their price objective on shares of Teradyne from $235.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley boosted their target price on shares of Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Teradyne in a research note on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.44.

Teradyne Price Performance

TER opened at $228.15 on Wednesday. The company has a 50 day simple moving average of $194.38 and a two-hundred day simple moving average of $147.27. The firm has a market cap of $35.73 billion, a P/E ratio of 82.96, a PEG ratio of 1.64 and a beta of 1.84. Teradyne has a 1-year low of $65.77 and a 1-year high of $238.92.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.78 by $0.07. The firm had revenue of $769.21 million for the quarter, compared to the consensus estimate of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The company’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.90 EPS. Equities analysts anticipate that Teradyne will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, November 24th were paid 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 17.45%.

Insider Activity at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Institutional Trading of Teradyne

Institutional investors have recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in Teradyne in the 3rd quarter valued at $31,000. Davidson Capital Management Inc. acquired a new stake in shares of Teradyne in the third quarter valued at about $31,000. CYBER HORNET ETFs LLC purchased a new position in shares of Teradyne in the second quarter worth about $35,000. Hemington Wealth Management lifted its stake in shares of Teradyne by 43.2% in the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after buying an additional 79 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in Teradyne during the third quarter worth about $41,000. 99.77% of the stock is 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.