Teradyne (NASDAQ:TER) Sets New 12-Month High Following Analyst Upgrade

Teradyne, Inc. (NASDAQ:TER)’s share price reached a new 52-week high during trading on Friday after JPMorgan Chase & Co. raised their price target on the stock from $315.00 to $400.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Teradyne traded as high as $376.55 and last traded at $373.9180, with a volume of 242427 shares. The stock had previously closed at $365.92.

Several other equities research analysts have also recently commented on the company. UBS Group upped their price target on Teradyne from $200.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Stifel Nicolaus set a $325.00 price target on Teradyne in a research note on Wednesday, February 4th. Evercore upped their price target on Teradyne from $200.00 to $280.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Wall Street Zen raised Teradyne from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, The Goldman Sachs Group upped their price objective on Teradyne from $230.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $303.53.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. High Net Worth Advisory Group LLC acquired a new position in Teradyne during the first quarter worth $208,000. Ocean Park Asset Management LLC acquired a new stake in Teradyne in the first quarter valued at $221,000. Brookstone Capital Management acquired a new stake in Teradyne in the first quarter valued at $239,000. SG Americas Securities LLC grew its holdings in Teradyne by 127.5% in the first quarter. SG Americas Securities LLC now owns 452,105 shares of the company’s stock valued at $134,031,000 after purchasing an additional 253,378 shares during the last quarter. Finally, Evolve Private Wealth LLC grew its holdings in Teradyne by 2.2% in the first quarter. Evolve Private Wealth LLC now owns 3,929 shares of the company’s stock valued at $1,165,000 after purchasing an additional 83 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Up 2.6%

The company has a market cap of $58.78 billion, a price-to-earnings ratio of 108.38, a price-to-earnings-growth ratio of 2.21 and a beta of 1.79. The company has a fifty day simple moving average of $315.91 and a two-hundred day simple moving average of $232.64.

Teradyne (NASDAQ:TER) last posted its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.44. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.Teradyne’s revenue was up 43.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 earnings per share. On average, research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

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

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.