Teradyne (NASDAQ:TER) Price Target Increased to $145.00 by Analysts at JPMorgan Chase & Co.

Teradyne (NASDAQ:TER) had its price objective upped by JPMorgan Chase & Co. from $120.00 to $145.00 in a research report released on Tuesday, Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts have also issued reports about the company. UBS Group boosted their target price on Teradyne from $130.00 to $170.00 and gave the stock a buy rating in a research report on Tuesday, June 18th. Northland Capmk cut shares of Teradyne from a strong-buy rating to a hold rating in a report on Thursday, July 18th. Stifel Nicolaus increased their target price on shares of Teradyne from $100.00 to $150.00 and gave the stock a hold rating in a report on Tuesday, July 16th. KeyCorp boosted their price target on shares of Teradyne from $160.00 to $180.00 and gave the company an overweight rating in a report on Friday, July 12th. Finally, Cantor Fitzgerald raised their price objective on Teradyne from $120.00 to $180.00 and gave the stock a neutral rating in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $142.14.

Teradyne Stock Performance

NASDAQ:TER opened at $124.34 on Tuesday. The firm’s 50-day moving average is $146.94 and its 200-day moving average is $121.10. The company has a market cap of $19.41 billion, a price-to-earnings ratio of 47.28, a PEG ratio of 2.85 and a beta of 1.50. Teradyne has a 52-week low of $81.07 and a 52-week high of $163.21.

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, beating the consensus estimate of $0.77 by $0.09. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The firm had revenue of $729.88 million during the quarter, compared to the consensus estimate of $701.20 million. During the same quarter in the previous year, the company posted $0.79 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts predict that Teradyne will post 3.06 EPS for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, May 22nd were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, May 21st. This represents a $0.48 annualized dividend and a dividend yield of 0.39%. Teradyne’s dividend payout ratio is currently 18.25%.

Insider Activity at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 3,750 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was 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 owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $143.84, for a total value of $89,900.00. Following the sale, the director now owns 18,393 shares of the company’s stock, valued at $2,645,649.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 3,750 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the sale, the chief financial officer now owns 41,902 shares in the company, valued at approximately $5,030,754.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,005 shares of company stock valued at $1,304,763. 0.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. CVA Family Office LLC bought a new stake in shares of Teradyne during the 4th quarter worth approximately $33,000. Bfsg LLC bought a new stake in Teradyne during the first quarter worth $34,000. American National Bank acquired a new stake in Teradyne in the fourth quarter valued at $37,000. Cambridge Trust Co. bought a new position in shares of Teradyne in the 4th quarter valued at about $38,000. Finally, Versant Capital Management Inc grew its position in shares of Teradyne by 3,800.0% in the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock valued at $52,000 after acquiring an additional 342 shares during the period. 99.77% of the stock is currently owned by institutional investors.

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.