Teradyne (NASDAQ:TER) Price Target Raised to $149.00

Teradyne (NASDAQ:TERFree Report) had its price target lifted by KeyCorp from $140.00 to $149.00 in a report issued on Tuesday, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Several other equities analysts have also weighed in on TER. The Goldman Sachs Group raised Teradyne from a neutral rating to a buy rating and increased their price objective for the company from $118.00 to $161.00 in a report on Monday. Evercore ISI initiated coverage on Teradyne in a report on Tuesday, April 16th. They issued an outperform rating and a $130.00 price objective for the company. Susquehanna upped their price objective on shares of Teradyne from $125.00 to $130.00 and gave the company a positive rating in a report on Friday, April 26th. Robert W. Baird lifted their target price on shares of Teradyne from $110.00 to $120.00 and gave the stock an outperform rating in a research note on Friday, April 26th. Finally, Cantor Fitzgerald restated a neutral rating and set a $110.00 price target on shares of Teradyne in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $122.17.

Check Out Our Latest Research Report on Teradyne

Teradyne Price Performance

Shares of NASDAQ:TER opened at $140.25 on Tuesday. Teradyne has a 1 year low of $81.07 and a 1 year high of $145.64. The company has a market capitalization of $21.89 billion, a PE ratio of 53.33, a price-to-earnings-growth ratio of 2.66 and a beta of 1.50. The business has a fifty day moving average price of $114.26 and a two-hundred day moving average price of $105.23.

Teradyne (NASDAQ:TERGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.18. The company had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. Sell-side analysts anticipate that Teradyne will post 3.02 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd will be issued a $0.12 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $0.48 annualized dividend and a dividend yield of 0.34%. Teradyne’s payout ratio is currently 18.25%.

Insider Activity

In related news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $121.20, for a total value of $75,750.00. Following the sale, the director now directly owns 17,142 shares of the company’s stock, valued at $2,077,610.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mercedes Johnson sold 625 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $121.20, for a total value of $75,750.00. Following the transaction, the director now owns 17,142 shares of the company’s stock, valued at $2,077,610.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction dated 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 directly owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,380 shares of company stock worth $1,214,863. 0.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TER. Cornerstone Planning Group LLC bought a new stake in shares of Teradyne in the 3rd quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Teradyne during the third quarter valued at approximately $27,000. Bfsg LLC bought a new position in shares of Teradyne in the first quarter worth approximately $34,000. CVA Family Office LLC purchased a new position in shares of Teradyne in the fourth quarter worth $33,000. Finally, American National Bank bought a new stake in Teradyne during the 4th quarter valued at $37,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

About Teradyne

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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.

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