Teradyne (NASDAQ:TER) Shares Up 9.5% – What’s Next?

Teradyne, Inc. (NASDAQ:TER) shares traded up 9.5% during trading on Tuesday . The stock traded as high as $366.84 and last traded at $365.5260. 451,344 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 3,814,689 shares. The stock had previously closed at $333.76.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TER. Evercore set a $370.00 target price on shares of Teradyne in a research report on Thursday, April 30th. Robert W. Baird upped their price target on shares of Teradyne from $350.00 to $446.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group increased their price target on shares of Teradyne from $350.00 to $465.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. UBS Group lifted their price target on shares of Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a report on Monday. Finally, Morgan Stanley set a $387.00 price objective on shares of Teradyne in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $394.53.

Teradyne Stock Performance

The company has a market capitalization of $57.84 billion, a PE ratio of 68.42, a P/E/G ratio of 1.08 and a beta of 1.74. The business has a fifty day moving average price of $381.83 and a 200 day moving average price of $331.56.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The company’s revenue for the quarter was up 87.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS. Research analysts forecast that Teradyne, Inc. will post 7.2 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 21st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, May 21st. Teradyne’s dividend payout ratio is presently 9.63%.

Insiders Place Their Bets

In other Teradyne news, insider Shannon John Poulin sold 656 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $355.00, for a total transaction of $232,880.00. Following the completion of the sale, the insider directly owned 15,722 shares in the company, valued at $5,581,310. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory Stephen Smith sold 4,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the completion of the sale, the chief executive officer directly owned 120,470 shares of the company’s stock, valued at $50,962,424.10. The trade was a 3.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 14,941 shares of company stock worth $5,444,112 over the last ninety days. 0.19% of the stock is owned by company insiders.

Institutional Trading of Teradyne

Several large investors have recently added to or reduced their stakes in TER. Integrated Wealth Concepts LLC boosted its position in shares of Teradyne by 12.8% in the first quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after buying an additional 468 shares during the period. Caxton Associates LLP purchased a new stake in shares of Teradyne during the 1st quarter valued at about $297,000. Cresset Asset Management LLC lifted its position in Teradyne by 11.6% during the 2nd quarter. Cresset Asset Management LLC now owns 6,759 shares of the company’s stock worth $608,000 after acquiring an additional 702 shares in the last quarter. NewEdge Advisors LLC lifted its position in Teradyne by 467.1% during the 2nd quarter. NewEdge Advisors LLC now owns 3,408 shares of the company’s stock worth $306,000 after acquiring an additional 2,807 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in Teradyne by 5.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company’s stock worth $6,755,000 after acquiring an additional 3,651 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.