Brokerages Set Teradyne, Inc. (NASDAQ:TER) Price Target at $390.53

Teradyne, Inc. (NASDAQ:TER) has received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $390.5333.

A number of analysts have weighed in on TER shares. The Goldman Sachs Group raised their target price on shares of Teradyne from $350.00 to $465.00 and gave the company a “buy” rating in a research report on Monday, July 6th. UBS Group increased their price target on Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Bank of America raised their price objective on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Robert W. Baird boosted their price objective on Teradyne from $350.00 to $446.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Finally, Citigroup boosted their price objective on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th.

Insider Transactions at Teradyne

In related news, VP Ryan Driscoll sold 680 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the completion of the transaction, the vice president owned 7,665 shares in the company, valued at $2,894,304. This trade represents a 8.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of Teradyne stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $355.00, for a total transaction of $232,880.00. Following the sale, the insider owned 15,722 shares in the company, valued at approximately $5,581,310. This represents a 4.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 14,941 shares of company stock worth $5,444,112. Insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Several large investors have recently modified their holdings of the business. Regent Peak Wealth Advisors LLC acquired a new position in shares of Teradyne during the second quarter worth $268,000. Insight Wealth Strategies LLC acquired a new stake in Teradyne in the second quarter valued at $7,826,000. Tema ETFs LLC increased its holdings in Teradyne by 6.9% in the second quarter. Tema ETFs LLC now owns 2,244 shares of the company’s stock valued at $1,086,000 after purchasing an additional 145 shares during the period. Generali Investments Management Co LLC raised its position in Teradyne by 525.1% during the 2nd quarter. Generali Investments Management Co LLC now owns 2,769 shares of the company’s stock worth $1,340,000 after purchasing an additional 2,326 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in Teradyne by 2.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 127,990 shares of the company’s stock worth $61,927,000 after purchasing an additional 3,250 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Trading Up 0.0%

TER stock opened at $322.36 on Friday. The stock has a market capitalization of $50.46 billion, a P/E ratio of 59.70, a price-to-earnings-growth ratio of 0.93 and a beta of 1.74. Teradyne has a 12 month low of $89.18 and a 12 month high of $487.91. The firm has a 50-day moving average price of $382.06 and a 200-day moving average price of $327.17.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The firm’s revenue was up 87.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 EPS. As a group, equities analysts predict that Teradyne will post 7.2 EPS for the current fiscal year.

Teradyne Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, May 21st. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s payout ratio is 9.63%.

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.