Teradyne (NASDAQ:TER) Hits New 12-Month High – Should You Buy?

Teradyne, Inc. (NASDAQ:TER) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $351.40 and last traded at $348.7890, with a volume of 988461 shares. The stock had previously closed at $320.48.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Teradyne in a research report on Thursday, January 22nd. Cantor Fitzgerald lifted their price objective on shares of Teradyne from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Citigroup lifted their price objective on shares of Teradyne from $215.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Robert W. Baird lifted their price objective on shares of Teradyne from $305.00 to $332.00 and gave the company an “outperform” rating in a research report on Monday, March 30th. Finally, TD Cowen reiterated a “buy” rating on shares of Teradyne in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $275.53.

Teradyne Stock Performance

The business’s 50-day moving average is $301.10 and its two-hundred day moving average is $222.64. The stock has a market capitalization of $54.48 billion, a PE ratio of 99.88, a price-to-earnings-growth ratio of 1.92 and a beta of 1.79.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.44. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $970.44 million. During the same period last year, the firm posted $0.95 EPS. Teradyne’s quarterly revenue was up 43.9% on a year-over-year basis. Equities analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.1%. Teradyne’s dividend payout ratio (DPR) is 14.94%.

Institutional Investors Weigh In On Teradyne

A number of hedge funds and other institutional investors have recently bought and sold shares of TER. Integrated Wealth Concepts LLC lifted its holdings in Teradyne by 12.8% in the first quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock valued at $342,000 after acquiring an additional 468 shares during the period. Caxton Associates LLP acquired a new stake in Teradyne in the first quarter valued at $297,000. M&T Bank Corp lifted its holdings in Teradyne by 2.9% in the second quarter. M&T Bank Corp now owns 7,569 shares of the company’s stock valued at $680,000 after acquiring an additional 214 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Teradyne in the second quarter valued at $11,629,000. Finally, Guggenheim Capital LLC lifted its holdings in Teradyne by 8.2% in the second quarter. Guggenheim Capital LLC now owns 26,056 shares of the company’s stock valued at $2,343,000 after acquiring an additional 1,973 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Company Profile

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.