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

Teradyne, Inc. (NASDAQ:TER)’s share price rose 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. Approximately 195,840 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 1,976,927 shares. The stock had previously closed at $144.74.

Other equities analysts have also recently issued research reports about the company. The Goldman Sachs Group raised their price target on Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. 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. JPMorgan Chase & Co. upped their price target on Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Robert W. Baird lifted their price objective 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 issued a $110.00 price objective on shares of Teradyne in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and an average price target of $125.85.

Insider Activity at Teradyne

In related news, CFO Sanjay Mehta sold 3,750 shares of the stock in a transaction 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 in the company, valued at $5,030,754.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $143.84, for a total transaction of $89,900.00. Following the sale, the director now owns 18,393 shares in the company, valued at approximately $2,645,649.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sanjay Mehta sold 3,750 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were 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 of the company’s stock, valued at approximately $5,030,754.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,005 shares of company stock valued at $1,304,763. 0.18% of the stock is owned by insiders.

Institutional Trading of Teradyne

Large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Teradyne during the fourth quarter worth about $188,873,000. Van ECK Associates Corp raised its stake in Teradyne by 26.9% in the 4th quarter. Van ECK Associates Corp now owns 4,361,091 shares of the company’s stock valued at $473,265,000 after acquiring an additional 923,612 shares during the period. Boston Partners lifted its holdings in Teradyne by 23.2% during the 4th quarter. Boston Partners now owns 2,896,349 shares of the company’s stock valued at $314,324,000 after purchasing an additional 544,482 shares during the last quarter. KBC Group NV boosted its position in 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 purchasing an additional 444,442 shares during the period. Finally, Ossiam boosted its position in Teradyne by 13,540.0% during the first quarter. Ossiam now owns 419,977 shares of the company’s stock worth $47,386,000 after purchasing an additional 416,898 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Up 4.8 %

The stock has a market capitalization of $23.69 billion, a price-to-earnings ratio of 57.70, a P/E/G ratio of 2.73 and a beta of 1.51. The company’s fifty day simple moving average is $126.98 and its 200 day simple moving average is $112.23.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.18. The business had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm posted $0.55 EPS. As a group, analysts anticipate that Teradyne, Inc. will post 3.04 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $0.48 annualized dividend and a dividend yield of 0.32%. Teradyne’s dividend payout ratio is 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.