Teradyne (NASDAQ:TER) Sets New 1-Year High on Analyst Upgrade

Teradyne, Inc. (NASDAQ:TER) shares reached a new 52-week high on Friday after JPMorgan Chase & Co. raised their price target on the stock from $315.00 to $400.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Teradyne traded as high as $376.55 and last traded at $373.9180, with a volume of 242427 shares changing hands. The stock had previously closed at $365.92.

Several other analysts have also commented on TER. Evercore lifted their price objective on Teradyne from $200.00 to $280.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Zacks Research lowered Teradyne from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Susquehanna lifted their price objective on Teradyne from $335.00 to $415.00 and gave the stock a “positive” rating in a report on Thursday, April 9th. TD Cowen reaffirmed a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. Finally, Northland Securities reaffirmed a “market perform” rating and issued a $270.00 price objective on shares of Teradyne in a report on Wednesday, February 4th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $303.53.

Hedge Funds Weigh In On Teradyne

A number of institutional investors have recently bought and sold shares of TER. Integrated Wealth Concepts LLC raised its holdings in Teradyne by 12.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after purchasing an additional 468 shares during the period. Caxton Associates LLP bought a new position in Teradyne in the 1st quarter worth $297,000. Cresset Asset Management LLC raised its holdings in Teradyne by 11.6% in the 2nd quarter. Cresset Asset Management LLC now owns 6,759 shares of the company’s stock worth $608,000 after purchasing an additional 702 shares during the period. NewEdge Advisors LLC increased its holdings in Teradyne by 467.1% in the 2nd quarter. NewEdge Advisors LLC now owns 3,408 shares of the company’s stock worth $306,000 after acquiring an additional 2,807 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Teradyne by 5.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company’s stock worth $6,755,000 after acquiring an additional 3,651 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Performance

The company’s fifty day moving average is $317.52 and its 200-day moving average is $234.35. The company has a market capitalization of $59.55 billion, a PE ratio of 109.30, a price-to-earnings-growth ratio of 2.21 and a beta of 1.79.

Teradyne (NASDAQ:TER) last released its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.44. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $970.44 million. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The firm’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. On average, sell-side analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently declared 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 of this dividend was Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.1%. Teradyne’s payout ratio is currently 14.94%.

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.