Teradyne (NASDAQ:TER) Shares Up 7.7% – Time to Buy?

Teradyne, Inc. (NASDAQ:TER – Get Free Report)’s stock price shot up 7.7% during trading on Friday. The stock traded as high as $446.79 and last traded at $447.9750. Approximately 1,357,233 shares were traded during mid-day trading, a decline of 62% from the average session volume of 3,563,139 shares. The stock had previously closed at $415.79.

Analyst Ratings Changes

A number of equities analysts have recently commented on TER shares. Susquehanna boosted their price target on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a report on Tuesday, June 30th. Weiss Ratings raised shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Evercore reiterated an “outperform” rating and set a $420.00 price objective on shares of Teradyne in a research report on Thursday, July 30th. Bank of America increased their price objective on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $420.00 target price on shares of Teradyne in a research note on Friday, August 21st. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $396.80.

Get Our Latest Research Report on Teradyne

Teradyne Stock Performance

The stock has a market capitalization of $70.22 billion, a price-to-earnings ratio of 61.56, a P/E/G ratio of 0.81 and a beta of 1.75. The company has a fifty day simple moving average of $373.10 and a 200 day simple moving average of $367.34.

Teradyne (NASDAQ:TER – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The business’s quarterly revenue was up 103.9% on a year-over-year basis. As a group, equities analysts predict that Teradyne, Inc. will post 9.11 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, September 4th. Teradyne’s dividend payout ratio is currently 7.13%.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Smith sold 4,000 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $337.83, for a total transaction of $1,351,320.00. Following the completion of the sale, the chief executive officer directly owned 108,495 shares in the company, valued at $36,652,865.85. This represents a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by company insiders.

Institutional Trading of Teradyne

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Teradyne during the 2nd quarter valued at about $9,404,408,000. State Street Corp lifted its stake in Teradyne by 4.6% in the second quarter. State Street Corp now owns 7,290,460 shares of the company’s stock valued at $3,527,416,000 after buying an additional 320,034 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Teradyne by 5.0% during the 2nd quarter. Van ECK Associates Corp now owns 2,607,914 shares of the company’s stock worth $1,261,813,000 after buying an additional 123,549 shares in the last quarter. ABS Investment Management LLC bought a new position in shares of Teradyne during the 2nd quarter worth approximately $1,006,387,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Teradyne by 0.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,978,124 shares of the company’s stock worth $957,096,000 after buying an additional 12,659 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

About Teradyne

(Get Free Report)

Teradyne, Inc is a global provider of automated test equipment and industrial automation solutions. Founded in 1960 and headquartered in North Reading, Massachusetts, the company develops systems that help manufacturers test the performance, quality, and reliability of electronic products and components.

Teradyne’s products include semiconductor test systems used to evaluate integrated circuits, memory devices, and other semiconductor components. The company also provides test solutions for wireless products, storage systems, and complex electronic systems, along with related software, services, and support.

Through its Industrial Automation segment, Teradyne offers collaborative robots from Universal Robots, autonomous mobile robots from Mobile Industrial Robots, and robotic arms and systems for manufacturing and other industrial applications.

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