Teradyne (NASDAQ:TER) Given New $165.00 Price Target at Susquehanna

Teradyne (NASDAQ:TER) had its price target increased by Susquehanna from $145.00 to $165.00 in a report released on Wednesday morning,Benzinga reports. They currently have a positive rating on the stock.

Other analysts also recently issued research reports about the company. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Craig Hallum reduced their price target on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Robert W. Baird lowered their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Stifel Nicolaus reduced their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $145.00 to $158.00 in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $149.31.

Teradyne Stock Performance

Shares of NASDAQ:TER opened at $134.80 on Wednesday. The stock has a market capitalization of $21.95 billion, a price-to-earnings ratio of 42.79, a PEG ratio of 2.30 and a beta of 1.46. Teradyne has a 1-year low of $92.29 and a 1-year high of $163.21. The company has a 50 day moving average price of $122.89 and a 200 day moving average price of $126.78.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. During the same period in the previous year, the firm posted $0.80 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts expect that Teradyne will post 3.17 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Teradyne declared that its Board of Directors has approved a stock buyback program on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now directly 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 filing with the SEC, which is available through the SEC website. 0.36% of the stock is owned by insiders.

Institutional Trading of Teradyne

Several large investors have recently made changes to their positions in TER. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Teradyne in the 3rd quarter worth approximately $2,221,000. MBB Public Markets I LLC bought a new stake in shares of Teradyne during the 2nd quarter worth $1,619,000. Cerity Partners LLC boosted its holdings in shares of Teradyne by 87.1% during the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after buying an additional 5,294 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Teradyne by 17.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock valued at $10,325,000 after buying an additional 11,541 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in Teradyne by 30.5% in the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock worth $11,878,000 after acquiring an additional 20,762 shares during the period. Institutional investors own 99.77% of the company’s stock.

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.