Teradyne (NASDAQ:TER) Given New $400.00 Price Target at JPMorgan Chase & Co.

Teradyne (NASDAQ:TER) had its target price increased by JPMorgan Chase & Co. from $315.00 to $400.00 in a report published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other research firms have also issued reports on TER. Citigroup lifted their price objective on Teradyne from $215.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Evercore lifted their price objective on Teradyne from $200.00 to $280.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Royal Bank Of Canada set a $270.00 price objective on Teradyne in a report on Monday, February 2nd. Susquehanna lifted their price target on shares of Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a report on Thursday, April 9th. Finally, The Goldman Sachs Group lifted their price target on shares of Teradyne from $230.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and an average price target of $303.53.

Teradyne Trading Up 0.3%

TER stock opened at $365.92 on Thursday. Teradyne has a 1-year low of $68.24 and a 1-year high of $373.00. The firm has a market cap of $57.29 billion, a P/E ratio of 105.15, a P/E/G ratio of 2.21 and a beta of 1.79. The business’s 50 day moving average is $315.91 and its 200-day moving average is $232.64.

Teradyne (NASDAQ:TER) last issued its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. The business had revenue of $1.08 billion during 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%.Teradyne’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 EPS. Sell-side analysts forecast that Teradyne will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, February 13th. Teradyne’s dividend payout ratio (DPR) is currently 14.94%.

Hedge Funds Weigh In On Teradyne

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

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.