Teradyne (NASDAQ:TER) Given New $332.00 Price Target at Robert W. Baird

Teradyne (NASDAQ:TER) had its target price boosted by Robert W. Baird from $305.00 to $332.00 in a research report released on Monday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

TER has been the subject of a number of other research reports. Citigroup raised their price objective on shares of Teradyne from $215.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Morgan Stanley set a $306.00 target price on Teradyne in a research note on Wednesday, February 11th. Royal Bank Of Canada set a $270.00 price target on Teradyne in a report on Monday, February 2nd. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $275.53.

Teradyne Stock Performance

Shares of Teradyne stock opened at $276.35 on Monday. Teradyne has a one year low of $65.77 and a one year high of $344.92. The company has a market cap of $43.27 billion, a P/E ratio of 79.41, a PEG ratio of 1.83 and a beta of 1.76. The firm has a fifty day moving average of $291.52 and a two-hundred day moving average of $214.39.

Teradyne (NASDAQ:TER) last issued 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. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $970.44 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The business’s quarterly revenue was up 43.9% compared to the same quarter last year. As a group, equities analysts predict that Teradyne will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in Teradyne in the 4th quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Teradyne during the fourth quarter worth about $37,000. True Wealth Design LLC lifted its holdings 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 purchasing an additional 70 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Teradyne in the fourth quarter valued at about $41,000. Finally, DV Equities LLC acquired a new stake in shares of Teradyne in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Company Profile

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.