Teradyne (NASDAQ:TER) Given New $250.00 Price Target at Bank of America

Teradyne (NASDAQ:TER) had its price target hoisted by Bank of America from $235.00 to $250.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on the stock. Zacks Research cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Citigroup raised their target price on Teradyne from $117.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Vertical Research lowered Teradyne from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a report on Friday, January 9th. Evercore ISI upped their price target on Teradyne from $120.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Finally, Susquehanna reaffirmed a “positive” rating and set a $275.00 price objective on shares of Teradyne in a research report on Monday. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.63.

Teradyne Stock Up 2.2%

Teradyne stock opened at $229.27 on Tuesday. Teradyne has a 52-week low of $65.77 and a 52-week high of $230.32. The company has a market cap of $35.91 billion, a P/E ratio of 83.37, a P/E/G ratio of 1.62 and a beta of 1.84. The business has a 50-day simple moving average of $191.75 and a two-hundred day simple moving average of $145.14.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The company had revenue of $769.21 million for the quarter, compared to the consensus estimate of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.90 earnings per share. Research analysts anticipate that Teradyne will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, November 24th were given a dividend of $0.12 per share. The ex-dividend date was Monday, November 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is currently 17.45%.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the sale, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at $18,804,165.79. This trade represents a 1.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Several institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC raised its stake in shares of Teradyne by 49.6% in the fourth quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $41,000 after acquiring an additional 70 shares during the period. Root Financial Partners LLC bought a new position in Teradyne during the 3rd quarter valued at about $31,000. Davidson Capital Management Inc. purchased a new stake in Teradyne in the 3rd quarter worth about $31,000. Hemington Wealth Management lifted its stake in Teradyne by 43.2% in the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the last quarter. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in shares of Teradyne during the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

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.