Teradyne (NASDAQ:TER) Price Target Raised to $332.00

Teradyne (NASDAQ:TER) had its price objective raised by Robert W. Baird from $305.00 to $332.00 in a research note released on Monday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research analysts also recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Teradyne from $230.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. TD Cowen reiterated a “buy” rating on shares of Teradyne in a research report on Thursday, January 22nd. Vertical Research lowered shares of Teradyne from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a research note on Friday, January 9th. Evercore boosted their price target on shares of Teradyne from $200.00 to $280.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Finally, Susquehanna reaffirmed a “positive” rating and issued a $335.00 price target on shares of Teradyne in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and a consensus target price of $275.53.

Teradyne Trading Up 5.3%

Shares of Teradyne stock opened at $312.20 on Monday. Teradyne has a 1 year low of $65.77 and a 1 year high of $344.92. The company has a market cap of $48.88 billion, a P/E ratio of 89.71, a P/E/G ratio of 1.84 and a beta of 1.79. The stock has a 50-day moving average price of $294.57 and a 200 day moving average price of $216.37.

Teradyne (NASDAQ:TER) last released 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 analysts’ expectations of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The business’s revenue for the quarter was up 43.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.95 EPS. On average, equities analysts forecast that Teradyne will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were issued a $0.12 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Teradyne’s dividend payout ratio is currently 14.94%.

Institutional Trading of Teradyne

Institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of Teradyne during the 4th quarter worth $28,000. Root Financial Partners LLC acquired a new stake in shares of Teradyne in the 3rd quarter valued at $31,000. Davidson Capital Management Inc. bought a new stake in Teradyne in the third quarter worth $31,000. CYBER HORNET ETFs LLC bought a new stake in Teradyne in the second quarter worth $35,000. Finally, Hemington Wealth Management increased its position in Teradyne by 43.2% during the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after buying an additional 79 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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.