Teradyne (NASDAQ:TER) Trading Up 2.9% After Analyst Upgrade

Teradyne, Inc. (NASDAQ:TER) shares traded up 2.9% during trading on Tuesday after UBS Group raised their price target on the stock from $130.00 to $170.00. UBS Group currently has a buy rating on the stock. Teradyne traded as high as $149.43 and last traded at $148.98. 195,840 shares changed hands during trading, a decline of 90% from the average session volume of 1,976,927 shares. The stock had previously closed at $144.74.

TER has been the topic of a number of other reports. Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 price target on shares of Teradyne in a research note on Thursday, April 25th. JPMorgan Chase & Co. boosted their target price on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Robert W. Baird upped their price target on shares of Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Evercore ISI initiated coverage on Teradyne in a report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price objective on the stock. Finally, Susquehanna upped their target price on Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $125.85.

Insider Transactions at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $143.84, for a total transaction of $89,900.00. Following the completion of the transaction, the director now owns 18,393 shares in the company, valued at $2,645,649.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the transaction, the chief financial officer now owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total transaction of $89,900.00. Following the transaction, the director now owns 18,393 shares of the company’s stock, valued at $2,645,649.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,005 shares of company stock worth $1,304,763. 0.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TER. CVA Family Office LLC bought a new stake in Teradyne during the fourth quarter worth about $33,000. Bfsg LLC bought a new stake in Teradyne in the 1st quarter worth approximately $34,000. American National Bank purchased a new stake in Teradyne in the fourth quarter worth approximately $37,000. Cambridge Trust Co. purchased a new stake in Teradyne in the fourth quarter worth approximately $38,000. Finally, Mather Group LLC. bought a new position in Teradyne during the first quarter valued at approximately $53,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Price Performance

The stock has a market capitalization of $23.69 billion, a PE ratio of 57.70, a P/E/G ratio of 2.74 and a beta of 1.51. The firm’s 50 day simple moving average is $126.98 and its 200 day simple moving average is $112.23.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The business had revenue of $599.82 million for the quarter, compared to analyst estimates of $566.31 million. During the same quarter last year, the firm earned $0.55 EPS. The company’s revenue was down 2.9% on a year-over-year basis. Analysts expect that Teradyne, Inc. will post 3.04 earnings per share for the current fiscal year.

Teradyne Announces Dividend

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

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.