Teradyne (NASDAQ:TER) Price Target Raised to $145.00 at Susquehanna

Teradyne (NASDAQ:TER) had its price objective increased by Susquehanna from $130.00 to $145.00 in a research report sent to investors on Friday, Benzinga reports. Susquehanna currently has a positive rating on the stock.

TER has been the subject of a number of other research reports. KeyCorp boosted their price objective on Teradyne from $160.00 to $180.00 and gave the stock an overweight rating in a report on Friday, July 12th. The Goldman Sachs Group boosted their price objective on Teradyne from $118.00 to $161.00 and gave the stock a buy rating in a report on Tuesday, May 28th. Cantor Fitzgerald restated a neutral rating and set a $180.00 price objective on shares of Teradyne in a report on Thursday. Citigroup boosted their price objective on Teradyne from $112.00 to $185.00 and gave the stock a buy rating in a report on Monday, July 15th. Finally, Stifel Nicolaus lifted their price target on shares of Teradyne from $100.00 to $150.00 and gave the company a hold rating in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and an average target price of $141.50.

Teradyne Stock Performance

Shares of NASDAQ:TER opened at $126.46 on Friday. Teradyne has a 52-week low of $81.07 and a 52-week high of $163.21. The company has a market capitalization of $19.74 billion, a P/E ratio of 48.08, a price-to-earnings-growth ratio of 2.33 and a beta of 1.50. The company has a 50-day simple moving average of $146.83 and a 200 day simple moving average of $121.24.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The company had revenue of $729.88 million during the quarter, compared to analysts’ expectations of $701.20 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. As a group, equities analysts forecast that Teradyne will post 3.05 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $0.48 annualized dividend and a yield of 0.38%. Teradyne’s dividend payout ratio is currently 18.25%.

Insider Buying and Selling at Teradyne

In other news, CFO Sanjay Mehta sold 3,750 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the transaction, the chief financial officer now directly owns 41,902 shares in the company, valued at $5,030,754.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Sanjay Mehta sold 3,750 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the transaction, the chief financial officer now directly owns 41,902 shares in the company, valued at $5,030,754.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $121.20, for a total transaction of $75,750.00. Following the transaction, the director now owns 17,142 shares of the company’s stock, valued at $2,077,610.40. The disclosure for this sale can be found here. Insiders sold a total of 10,005 shares of company stock worth $1,304,763 over the last three months. Corporate insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. CVA Family Office LLC bought a new stake in shares of Teradyne in the fourth quarter worth $33,000. Bfsg LLC bought a new stake in shares of Teradyne in the first quarter worth $34,000. American National Bank bought a new stake in shares of Teradyne in the fourth quarter worth $37,000. Cambridge Trust Co. bought a new stake in shares of Teradyne in the fourth quarter worth $38,000. Finally, Versant Capital Management Inc grew its stake in shares of Teradyne by 3,800.0% in the second quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock worth $52,000 after purchasing an additional 342 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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.