Teradyne (NASDAQ:TER) Price Target Increased to $170.00 by Analysts at UBS Group

Teradyne (NASDAQ:TER) had its price objective raised by UBS Group from $130.00 to $170.00 in a research note released on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Robert W. Baird boosted their target price on Teradyne from $110.00 to $120.00 and gave the company an outperform rating in a research note on Friday, April 26th. Cantor Fitzgerald restated a neutral rating and issued a $110.00 target price on shares of Teradyne in a research note on Thursday, April 25th. JPMorgan Chase & Co. boosted their target price on Teradyne from $100.00 to $110.00 and gave the company a neutral rating in a research note on Thursday, April 11th. Evercore ISI assumed coverage on Teradyne in a research report on Tuesday, April 16th. They set an outperform rating and a $130.00 price objective for the company. Finally, KeyCorp lifted their target price on Teradyne from $140.00 to $149.00 and gave the company an overweight rating in a research note on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $125.85.

Teradyne Trading Up 4.8 %

Shares of TER stock opened at $151.75 on Tuesday. Teradyne has a 1-year low of $81.07 and a 1-year high of $152.23. The company has a market capitalization of $23.69 billion, a price-to-earnings ratio of 57.70, a P/E/G ratio of 2.74 and a beta of 1.51. The stock’s fifty day simple moving average is $126.98 and its 200-day simple moving average is $112.23.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The firm had revenue of $599.82 million for the quarter, compared to the consensus estimate of $566.31 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts predict that Teradyne will post 3.04 EPS for the current year.

Teradyne Dividend Announcement

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

Insiders Place Their Bets

In related news, CFO Sanjay Mehta sold 3,750 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 41,902 shares in the company, valued at $5,030,754.12. The sale was disclosed in a filing with the SEC, which is available at this link. In other Teradyne news, insider Richard John Burns sold 5,005 shares of the company’s stock in a transaction on 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sanjay Mehta sold 3,750 shares of the company’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 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 valued at $1,304,763 over the last 90 days. 0.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TER. Norges Bank acquired a new position in shares of Teradyne during the fourth quarter worth $188,873,000. Van ECK Associates Corp increased its holdings in shares of Teradyne by 26.9% during 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 in the last quarter. Boston Partners increased its holdings in shares of Teradyne by 23.2% during 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 in the last quarter. Invesco Ltd. increased its holdings in shares of Teradyne by 24.4% during the third quarter. Invesco Ltd. now owns 2,427,501 shares of the company’s stock worth $243,867,000 after buying an additional 476,763 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Teradyne by 1,544.3% during 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 in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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.