Brokerages Set Teradyne, Inc. (NASDAQ:TER) Target Price at $118.94

Teradyne, Inc. (NASDAQ:TER - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seventeen research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $118.94.

Several research analysts recently issued reports on the stock. Vertical Research assumed coverage on shares of Teradyne in a research report on Friday, March 7th. They issued a "buy" rating and a $135.00 price target for the company. Robert W. Baird decreased their price objective on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Morgan Stanley decreased their price target on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Bank of America reduced their price objective on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a research note on Wednesday, March 12th. Finally, TD Cowen reduced their price objective on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th.

Teradyne Stock Up 5.7 %

TER stock traded up $4.06 during midday trading on Friday, hitting $75.35. 383,220 shares of the company traded hands, compared to its average volume of 2,558,424. Teradyne has a twelve month low of $65.77 and a twelve month high of $163.21. The business has a 50 day simple moving average of $90.55 and a 200-day simple moving average of $110.03. The stock has a market capitalization of $12.12 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Equities research analysts forecast that Teradyne will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.64%. Teradyne's dividend payout ratio (DPR) is presently 14.41%.

Insider Activity at Teradyne

In related news, CFO Sanjay Mehta sold 1,789 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $215,592.39. Following the completion of the transaction, the chief financial officer now directly owns 33,308 shares of the company's stock, valued at approximately $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Ryan Driscoll sold 437 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $44,574.00. Following the transaction, the vice president now directly owns 4,312 shares of the company's stock, valued at $439,824. This trade represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,399 shares of company stock valued at $612,734. Insiders own 0.16% of the company's stock.

Institutional Trading of Teradyne

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Teradyne by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock valued at $2,569,511,000 after buying an additional 92,428 shares during the period. Van ECK Associates Corp raised its stake in Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after buying an additional 1,846,079 shares during the period. Ameriprise Financial Inc. raised its stake in Teradyne by 28.3% in the fourth quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock valued at $608,025,000 after buying an additional 1,065,474 shares during the period. Geode Capital Management LLC raised its stake in Teradyne by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company's stock valued at $515,665,000 after buying an additional 94,374 shares during the period. Finally, Aspex Management HK Ltd raised its stake in Teradyne by 35.5% in the fourth quarter. Aspex Management HK Ltd now owns 3,234,842 shares of the company's stock valued at $407,331,000 after buying an additional 847,409 shares during the period. Institutional investors own 99.77% of the company's stock.

About Teradyne

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.