Teradyne (NASDAQ:TER) Hits New 1-Year High – What’s Next?

Teradyne, Inc. (NASDAQ:TER) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $205.00 and last traded at $202.99, with a volume of 2097828 shares changing hands. The stock had previously closed at $200.77.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. JPMorgan Chase & Co. raised their price target on shares of Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Bank of America raised shares of Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 price target for the company in a research note on Wednesday, October 29th. Stifel Nicolaus set a $225.00 price objective on shares of Teradyne and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Finally, Evercore ISI boosted their target price on Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $176.88.

Teradyne Price Performance

The business’s fifty day moving average price is $165.66 and its 200-day moving average price is $124.74. The stock has a market capitalization of $31.95 billion, a price-to-earnings ratio of 74.19, a PEG ratio of 2.09 and a beta of 1.85.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The company had revenue of $769.21 million for the quarter, compared to analyst estimates of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.90 EPS. Equities research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, November 24th. Teradyne’s dividend payout ratio (DPR) is currently 17.45%.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $180.20, for a total transaction of $199,661.60. Following the completion of the sale, the chief executive officer owned 94,517 shares in the company, valued at approximately $17,031,963.40. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 3,324 shares of company stock worth $494,318 over the last 90 days. 0.16% of the stock is owned by insiders.

Hedge Funds Weigh In On Teradyne

Hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Teradyne by 3.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,002 shares of the company’s stock valued at $24,908,000 after acquiring an additional 9,094 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Teradyne by 73.3% in the second quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock worth $412,000 after purchasing an additional 1,939 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Teradyne by 17.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,760 shares of the company’s stock valued at $11,893,000 after purchasing an additional 21,219 shares in the last quarter. QRG Capital Management Inc. raised its stake in Teradyne by 231.5% in the second quarter. QRG Capital Management Inc. now owns 106,567 shares of the company’s stock valued at $9,583,000 after purchasing an additional 74,417 shares in the last quarter. Finally, Machina Capital S.A.S. lifted its position in Teradyne by 96.3% during the second quarter. Machina Capital S.A.S. now owns 5,425 shares of the company’s stock valued at $488,000 after purchasing an additional 2,661 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

About Teradyne

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.