Susquehanna Increases Teradyne (NASDAQ:TER) Price Target to $145.00

Teradyne (NASDAQ:TER) had its target price raised by Susquehanna from $130.00 to $145.00 in a research report released on Friday morning, Benzinga reports. They currently have a positive rating on the stock.

Several other equities analysts have also issued reports on TER. KeyCorp boosted their price target on shares of Teradyne from $160.00 to $180.00 and gave the company an overweight rating in a report on Friday, July 12th. JPMorgan Chase & Co. increased their price target on Teradyne from $120.00 to $145.00 and gave the stock a neutral rating in a report on Tuesday, July 23rd. Northland Securities lowered Teradyne from an outperform rating to a market perform rating and set a $136.00 price target on the stock. in a research report on Thursday, July 18th. Stifel Nicolaus boosted their price objective on Teradyne from $100.00 to $150.00 and gave the company a hold rating in a research report on Tuesday, July 16th. Finally, Northland Capmk downgraded shares of Teradyne from a strong-buy rating to a hold rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $142.93.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $127.93 on Friday. The stock has a market cap of $19.97 billion, a price-to-earnings ratio of 48.64, a P/E/G ratio of 2.54 and a beta of 1.50. The company has a 50 day moving average of $146.60 and a 200-day moving average of $121.63. Teradyne has a one year low of $81.07 and a one year high of $163.21.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. The firm had revenue of $729.88 million during the quarter, compared to analyst estimates of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 EPS. Equities research analysts anticipate that Teradyne will post 3.08 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $0.48 annualized dividend and a yield of 0.38%. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

Insider Transactions at Teradyne

In other Teradyne news, insider Richard John Burns sold 5,005 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $137.64, for a total value of $688,888.20. Following the completion of the transaction, the insider now directly owns 21,780 shares in the company, valued at $2,997,799.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Teradyne news, insider Richard John Burns sold 5,005 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $137.64, for a total value of $688,888.20. Following the completion of the sale, the insider now owns 21,780 shares in the company, valued at $2,997,799.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $143.84, for a total transaction of $89,900.00. Following the completion of the transaction, the director now directly owns 18,393 shares of the company’s stock, valued at approximately $2,645,649.12. The disclosure for this sale can be found here. Insiders sold a total of 10,005 shares of company stock worth $1,304,763 in the last three months. Insiders own 0.36% of the company’s stock.

Institutional Trading of Teradyne

Institutional investors and hedge funds have recently bought and sold shares of the business. HB Wealth Management LLC raised its stake in Teradyne by 13.7% in the 4th quarter. HB Wealth Management LLC now owns 2,441 shares of the company’s stock valued at $265,000 after acquiring an additional 294 shares during the period. CVA Family Office LLC acquired a new stake in shares of Teradyne during the 4th quarter worth about $33,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Teradyne by 6.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 9,330 shares of the company’s stock worth $1,013,000 after buying an additional 577 shares during the period. Caprock Group LLC acquired a new position in Teradyne in the 4th quarter valued at about $211,000. Finally, Symphony Financial Ltd. Co. acquired a new position in Teradyne in the 4th quarter valued at about $703,000. Institutional investors own 99.77% of the company’s stock.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.