Susquehanna Boosts Teradyne (NASDAQ:TER) Price Target to $165.00

Teradyne (NASDAQ:TER - Free Report) had its price objective lifted by Susquehanna from $145.00 to $165.00 in a report published on Wednesday,Benzinga reports. Susquehanna currently has a positive rating on the stock.

Several other equities research analysts also recently issued reports on the company. StockNews.com upgraded Teradyne from a "sell" rating to a "hold" rating in a report on Sunday, October 27th. JPMorgan Chase & Co. raised Teradyne from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $145.00 to $158.00 in a research report on Monday, December 16th. Northland Securities raised Teradyne from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $117.00 to $154.00 in a research report on Monday, January 6th. Stifel Nicolaus decreased their price target on shares of Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, October 25th. Finally, Craig Hallum cut their price objective on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $149.31.

Teradyne Stock Up 1.9 %

NASDAQ TER traded up $2.50 during trading on Wednesday, reaching $134.80. 2,262,130 shares of the stock traded hands, compared to its average volume of 2,320,579. The stock's 50-day moving average price is $122.89 and its 200 day moving average price is $126.78. The firm has a market cap of $21.95 billion, a price-to-earnings ratio of 42.79, a price-to-earnings-growth ratio of 2.30 and a beta of 1.46. Teradyne has a fifty-two week low of $92.29 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.12. The company had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The firm's revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 EPS. Analysts anticipate that Teradyne will post 3.17 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Monday, November 25th. Teradyne's payout ratio is presently 15.24%.

Teradyne declared that its board has approved a stock buyback plan on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now owns 74,660 shares of the company's stock, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.36% of the company's stock.

Institutional Investors Weigh In On Teradyne

Several institutional investors and hedge funds have recently added to or reduced their stakes in TER. Assenagon Asset Management S.A. lifted its stake in Teradyne by 1,767.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company's stock valued at $116,233,000 after purchasing an additional 873,626 shares during the last quarter. Alkeon Capital Management LLC grew its holdings in shares of Teradyne by 189.6% during the third quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company's stock valued at $153,218,000 after buying an additional 749,003 shares during the last quarter. Holocene Advisors LP bought a new stake in Teradyne during the third quarter worth $91,129,000. Sumitomo Mitsui Trust Group Inc. increased its stake in Teradyne by 18.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company's stock valued at $325,814,000 after buying an additional 374,522 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Teradyne by 5.4% during the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company's stock worth $921,458,000 after purchasing an additional 350,002 shares during the period. 99.77% of the stock is currently owned by institutional investors.

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.