Teradyne (NASDAQ:TER) Price Target Raised to $400.00

Teradyne (NASDAQ:TER) had its target price hoisted by JPMorgan Chase & Co. from $315.00 to $400.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts have also recently weighed in on TER. Wall Street Zen upgraded Teradyne from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Vertical Research lowered shares of Teradyne from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a research report on Friday, January 9th. Bank of America increased their price objective on shares of Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Cantor Fitzgerald raised their target price on shares of Teradyne from $330.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Finally, Zacks Research cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and an average target price of $303.53.

Teradyne Trading Up 4.0%

Shares of Teradyne stock opened at $380.38 on Thursday. The company has a 50-day moving average of $317.52 and a two-hundred day moving average of $235.02. Teradyne has a 12-month low of $68.24 and a 12-month high of $381.47. The stock has a market cap of $59.55 billion, a PE ratio of 109.30, a price-to-earnings-growth ratio of 2.21 and a beta of 1.79.

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

Teradyne Dividend Announcement

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

Hedge Funds Weigh In On Teradyne

Institutional investors and hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in Teradyne in the 4th quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Teradyne during the fourth quarter worth $37,000. True Wealth Design LLC grew its position in shares of Teradyne by 49.6% in the fourth quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $41,000 after purchasing an additional 70 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Teradyne in the fourth quarter valued at $41,000. Finally, DV Equities LLC acquired a new position in Teradyne in the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

About Teradyne

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.