Brokerages Set Teradyne, Inc. (NASDAQ:TER) Target Price at $339.80

Shares of Teradyne, Inc. (NASDAQ:TER) have received an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $339.80.

Several equities analysts recently commented on the company. Robert W. Baird set a $350.00 target price on Teradyne in a report on Thursday, April 30th. Stifel Nicolaus increased their target price on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. UBS Group increased their target price on Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price on the stock in a report on Thursday, April 30th. Finally, The Goldman Sachs Group increased their target price on Teradyne from $300.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, April 30th.

Teradyne Stock Performance

Teradyne stock opened at $437.92 on Wednesday. Teradyne has a twelve month low of $84.24 and a twelve month high of $440.75. The stock’s fifty day simple moving average is $374.49 and its 200-day simple moving average is $300.01. The firm has a market capitalization of $68.55 billion, a P/E ratio of 81.10, a P/E/G ratio of 1.80 and a beta of 1.79.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. The company’s revenue was up 87.0% on a year-over-year basis. Sell-side analysts predict that Teradyne will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.1%. This is a boost 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 currently 9.63%.

Insider Activity at Teradyne

In related news, VP Ryan Driscoll sold 680 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the transaction, the vice president owned 7,665 shares of the company’s stock, valued at $2,894,304. This represents a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total value of $348,132.96. Following the completion of the transaction, the insider directly owned 15,066 shares in the company, valued at $5,203,344.42. This trade represents a 6.27% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders have sold 14,941 shares of company stock valued at $5,444,112 over the last quarter. 0.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Teradyne

Several large investors have recently bought and sold shares of the stock. Vestor Capital LLC grew its position in Teradyne by 15.4% in the first quarter. Vestor Capital LLC now owns 285 shares of the company’s stock worth $85,000 after acquiring an additional 38 shares in the last quarter. UMB Bank n.a. grew its position in Teradyne by 1.8% in the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock worth $444,000 after acquiring an additional 40 shares in the last quarter. Stephens Inc. AR grew its position in Teradyne by 1.2% in the fourth quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock worth $645,000 after acquiring an additional 41 shares in the last quarter. Sapient Capital LLC grew its position in Teradyne by 1.5% in the fourth quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock worth $560,000 after acquiring an additional 43 shares in the last quarter. Finally, Whittier Trust Co. grew its position in Teradyne by 5.5% in the first quarter. Whittier Trust Co. now owns 827 shares of the company’s stock worth $261,000 after acquiring an additional 43 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

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.