Teradyne, Inc. (NASDAQ:TER – Get Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $472.58 and last traded at $471.9440, with a volume of 219631 shares. The stock had previously closed at $463.21.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on TER. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target for the company in a report on Thursday, April 30th. Susquehanna raised their target price on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a report on Tuesday. Bank of America lifted their target price on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Evercore set a $370.00 target price on Teradyne in a report on Thursday, April 30th. Finally, Weiss Ratings upgraded Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $382.87.
View Our Latest Research Report on Teradyne
Teradyne Stock Performance
Teradyne (NASDAQ:TER – Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm posted $0.75 EPS. The business’s revenue was up 87.0% compared to the same quarter last year. Research analysts expect 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. Shareholders of record on Thursday, May 21st were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.52 annualized dividend and a yield of 0.1%. This is an increase from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio (DPR) is presently 9.63%.
Insider Transactions at Teradyne
In other news, CEO Gregory Stephen Smith sold 8,597 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $338.98, for a total value of $2,914,211.06. Following the completion of the sale, the chief executive officer directly owned 124,470 shares of the company’s stock, valued at approximately $42,192,840.60. This represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $256,768.00. Following the completion of the sale, the vice president owned 7,665 shares in the company, valued at approximately $2,894,304. The trade was a 8.15% decrease in their position. 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 worth $5,444,112 over the last three months. 0.19% of the stock is currently owned by insiders.
Institutional Trading of Teradyne
A number of hedge funds have recently bought and sold shares of TER. McIlrath & Eck LLC acquired a new position in shares of Teradyne during the first quarter valued at about $30,000. Cornerstone Planning Group LLC grew its position in Teradyne by 149.1% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock worth $42,000 after buying an additional 85 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Teradyne during the fourth quarter valued at about $28,000. Sunbelt Securities Inc. increased its stake in Teradyne by 66.3% during the first quarter. Sunbelt Securities Inc. now owns 153 shares of the company’s stock valued at $45,000 after acquiring an additional 61 shares during the period. Finally, SJS Investment Consulting Inc. raised its holdings in Teradyne by 192.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 164 shares of the company’s stock valued at $49,000 after acquiring an additional 108 shares in the last quarter. 99.77% of the stock is owned by 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.
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