Teradyne (NASDAQ:TER) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Teradyne (NASDAQ:TER) from a hold rating to a buy rating in a research report report published on Saturday.

A number of other research analysts have also recently commented on TER. Morgan Stanley set a $306.00 price target on Teradyne in a report on Wednesday, February 11th. Bank of America boosted their target price on shares of Teradyne from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. UBS Group upped their target price on shares of Teradyne from $200.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. lifted their price target on shares of Teradyne from $122.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Finally, Stifel Nicolaus set a $325.00 price target on shares of Teradyne in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $256.24.

Teradyne Price Performance

TER opened at $318.50 on Friday. The company has a 50 day simple moving average of $243.46 and a two-hundred day simple moving average of $180.94. The firm has a market cap of $49.86 billion, a P/E ratio of 91.52, a PEG ratio of 2.01 and a beta of 1.83. Teradyne has a 1-year low of $65.77 and a 1-year high of $327.99.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.36 by $0.44. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $970.44 million. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The company’s revenue was up 43.9% on a year-over-year basis. During the same period last year, the firm earned $0.95 EPS. Equities analysts anticipate that Teradyne will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be issued a $0.12 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s payout ratio is 14.94%.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the transaction, the chief executive officer owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This trade represents a 1.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On Teradyne

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wick Capital Partners LLC purchased a new position in shares of Teradyne in the 4th quarter worth approximately $1,518,000. Compound Planning Inc. lifted its position in Teradyne by 31.4% in the fourth quarter. Compound Planning Inc. now owns 2,428 shares of the company’s stock worth $470,000 after buying an additional 580 shares during the last quarter. Corient Private Wealth LLC boosted its stake in Teradyne by 2,189.2% during the fourth quarter. Corient Private Wealth LLC now owns 1,075,916 shares of the company’s stock worth $208,254,000 after buying an additional 1,028,916 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Teradyne by 19.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 40,374 shares of the company’s stock worth $7,815,000 after buying an additional 6,463 shares during the period. Finally, Beacon Pointe Advisors LLC bought a new position in Teradyne during the fourth quarter valued at $241,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

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.