Teradyne (NASDAQ:TER) Shares Gap Up – Time to Buy?

Teradyne, Inc. (NASDAQ:TERGet Free Report)’s share price gapped up prior to trading on Monday . The stock had previously closed at $322.36, but opened at $335.22. Teradyne shares last traded at $344.1390, with a volume of 417,588 shares.

Teradyne News Roundup

Here are the key news stories impacting Teradyne this week:

Analyst Ratings Changes

TER has been the topic of a number of research analyst reports. The Goldman Sachs Group upped their price target on Teradyne from $350.00 to $465.00 and gave the company a “buy” rating in a report on Monday, July 6th. Weiss Ratings lowered Teradyne from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Robert W. Baird upped their target price on shares of Teradyne from $350.00 to $446.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Evercore set a $370.00 price target on shares of Teradyne in a report on Thursday, April 30th. Finally, UBS Group lifted their price target on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $394.53.

Check Out Our Latest Report on TER

Teradyne Trading Up 12.1%

The stock has a market capitalization of $58.55 billion, a PE ratio of 69.27, a P/E/G ratio of 0.97 and a beta of 1.74. The stock has a 50 day moving average price of $381.71 and a 200-day moving average price of $330.32.

Teradyne (NASDAQ:TERGet Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, beating 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 company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. Teradyne’s revenue for the quarter was up 87.0% compared to the same quarter last year. Research analysts forecast that Teradyne, Inc. will post 7.2 earnings per share for the current year.

Teradyne Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. This is a boost from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio is 9.63%.

Insider Activity

In related news, VP Ryan Driscoll sold 680 shares of the firm’s 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 directly owned 7,665 shares of the company’s stock, valued at approximately $2,894,304. This trade represents a 8.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction on Monday, June 15th. The shares were sold at an average price of $423.03, for a total value of $1,692,120.00. Following the transaction, the chief executive officer owned 120,470 shares in the company, valued at $50,962,424.10. This trade represents a 3.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 14,941 shares of company stock valued at $5,444,112 in the last 90 days. Company insiders own 0.19% of the company’s stock.

Institutional Trading of Teradyne

A number of hedge funds and other institutional investors have recently bought and sold shares of TER. State Street Corp lifted its position in shares of Teradyne by 0.9% during the 4th quarter. State Street Corp now owns 7,078,635 shares of the company’s stock valued at $1,370,141,000 after buying an additional 60,986 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Teradyne by 3.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock worth $442,413,000 after acquiring an additional 143,058 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Teradyne by 18.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company’s stock worth $813,640,000 after acquiring an additional 659,273 shares in the last quarter. Invesco Ltd. increased its holdings in Teradyne by 3.5% in the 3rd quarter. Invesco Ltd. now owns 2,959,330 shares of the company’s stock worth $407,322,000 after acquiring an additional 99,864 shares in the last quarter. Finally, Morgan Stanley raised its stake in Teradyne by 1.9% during the 4th quarter. Morgan Stanley now owns 2,442,014 shares of the company’s stock worth $472,677,000 after acquiring an additional 45,089 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter.