Teradyne (NASDAQ:TER) Research Coverage Started at Evercore ISI

Evercore ISI assumed coverage on shares of Teradyne (NASDAQ:TER) in a report released on Tuesday morning, MarketBeat reports. The brokerage issued an outperform rating and a $130.00 price objective on the stock.

A number of other research analysts have also issued reports on TER. JPMorgan Chase & Co. lifted their target price on Teradyne from $100.00 to $110.00 and gave the company a neutral rating in a report on Thursday, April 11th. Cantor Fitzgerald reiterated a neutral rating and issued a $110.00 target price on shares of Teradyne in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $113.73.

Teradyne Trading Up 0.5 %

Shares of NASDAQ TER opened at $104.93 on Tuesday. Teradyne has a twelve month low of $81.07 and a twelve month high of $119.20. The stock has a fifty day simple moving average of $105.36 and a 200-day simple moving average of $100.39. The stock has a market capitalization of $16.05 billion, a PE ratio of 38.44 and a beta of 1.56.

Teradyne (NASDAQ:TER) last released its earnings results on Tuesday, January 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $670.60 million during the quarter, compared to analyst estimates of $674.99 million. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. Teradyne’s revenue was down 8.4% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. On average, equities analysts predict that Teradyne will post 2.95 earnings per share for the current year.

Teradyne Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 16th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.46%. This is an increase from Teradyne’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, February 15th. Teradyne’s payout ratio is 17.58%.

Insiders Place Their Bets

In other news, Director Ernest E. Maddock bought 1,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were acquired at an average price of $94.07 per share, for a total transaction of $94,070.00. Following the completion of the transaction, the director now owns 4,728 shares of the company’s stock, valued at $444,762.96. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Sanjay Mehta sold 8,653 shares of Teradyne stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total transaction of $909,430.30. Following the sale, the chief financial officer now owns 31,180 shares in the company, valued at $3,277,018. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ernest E. Maddock bought 1,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were purchased at an average price of $94.07 per share, for a total transaction of $94,070.00. Following the transaction, the director now directly owns 4,728 shares of the company’s stock, valued at approximately $444,762.96. The disclosure for this purchase can be found here. Insiders sold 11,797 shares of company stock valued at $1,248,237 in the last ninety days. Insiders own 0.18% of the company’s stock.

Institutional Trading of Teradyne

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC acquired a new position in Teradyne in the 3rd quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Teradyne in the 3rd quarter valued at about $27,000. CVA Family Office LLC acquired a new position in Teradyne in the 4th quarter valued at about $33,000. American National Bank acquired a new position in Teradyne in the 4th quarter valued at about $37,000. Finally, LM Advisors LLC acquired a new position in Teradyne during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Company Profile

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.