Teradyne (NASDAQ:TER) Hits New 12-Month High – Should You Buy?

Teradyne, Inc. (NASDAQ:TER)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $351.40 and last traded at $348.7890, with a volume of 988461 shares changing hands. The stock had previously closed at $320.48.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TER shares. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Stifel Nicolaus set a $325.00 price target on Teradyne in a research note on Wednesday, February 4th. Cantor Fitzgerald lifted their price target on Teradyne from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Teradyne in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada set a $270.00 price target on Teradyne in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and a consensus target price of $275.53.

Teradyne Trading Up 8.6%

The firm has a market cap of $54.48 billion, a price-to-earnings ratio of 99.88, a P/E/G ratio of 1.92 and a beta of 1.79. The firm has a 50 day moving average price of $301.10 and a 200-day moving average price of $222.64.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The firm’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 EPS. As a group, equities analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Friday, February 13th. Teradyne’s dividend payout ratio (DPR) is currently 14.94%.

Institutional Trading of Teradyne

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. increased its position in Teradyne by 1.8% during the 4th quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock worth $444,000 after purchasing an additional 40 shares in the last quarter. Stephens Inc. AR increased its position in Teradyne by 1.2% during the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock worth $645,000 after purchasing an additional 41 shares in the last quarter. Sapient Capital LLC increased its position in Teradyne by 1.5% during the 4th quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock worth $560,000 after purchasing an additional 43 shares in the last quarter. Truvestments Capital LLC increased its position in Teradyne by 3.8% during the 4th quarter. Truvestments Capital LLC now owns 1,440 shares of the company’s stock worth $279,000 after purchasing an additional 53 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Teradyne by 2.1% during the 4th quarter. IFP Advisors Inc now owns 2,731 shares of the company’s stock worth $529,000 after purchasing an additional 57 shares in the last quarter. Hedge funds and other institutional investors 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.