Teradyne (NASDAQ:TER) Raised to “Buy” at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Teradyne (NASDAQ:TER) from a neutral rating to a buy rating in a research note published on Monday, Marketbeat Ratings reports. The Goldman Sachs Group currently has $161.00 price objective on the stock, up from their previous price objective of $118.00.

A number of other research firms have also recently issued reports on TER. JPMorgan Chase & Co. lifted their price target on Teradyne from $100.00 to $110.00 and gave the company a neutral rating in a report on Thursday, April 11th. Susquehanna lifted their price target on Teradyne from $125.00 to $130.00 and gave the company a positive rating in a report on Friday, April 26th. Evercore ISI initiated coverage on Teradyne in a report on Tuesday, April 16th. They issued an outperform rating and a $130.00 price target for the company. Cantor Fitzgerald reaffirmed a neutral rating and issued a $110.00 price target on shares of Teradyne in a report on Thursday, April 25th. Finally, Robert W. Baird lifted their price target on Teradyne from $110.00 to $120.00 and gave the company an outperform rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Teradyne currently has an average rating of Moderate Buy and a consensus price target of $122.17.

Teradyne Trading Up 1.8 %

Shares of Teradyne stock opened at $142.86 on Monday. The company’s fifty day simple moving average is $113.54 and its 200-day simple moving average is $104.99. The company has a market cap of $22.30 billion, a price-to-earnings ratio of 54.32 and a beta of 1.50. Teradyne has a 1 year low of $81.07 and a 1 year high of $143.01.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The firm had revenue of $599.82 million for the quarter, compared to the consensus estimate of $566.31 million. During the same quarter in the previous year, the company earned $0.55 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. As a group, research analysts forecast that Teradyne will post 3.02 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Tuesday, May 21st. Teradyne’s dividend payout ratio (DPR) is currently 18.25%.

Insiders Place Their Bets

In other Teradyne news, insider Richard John Burns sold 5,005 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $137.64, for a total transaction of $688,888.20. Following the completion of the transaction, the insider now owns 21,780 shares of the company’s stock, valued at approximately $2,997,799.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Richard John Burns sold 5,005 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $137.64, for a total value of $688,888.20. Following the completion of the sale, the insider now owns 21,780 shares of the company’s stock, valued at approximately $2,997,799.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $121.20, for a total value of $75,750.00. Following the completion of the sale, the director now directly owns 17,142 shares of the company’s stock, valued at approximately $2,077,610.40. The disclosure for this sale can be found here. Insiders sold a total of 9,380 shares of company stock valued at $1,214,863 in the last quarter. 0.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Teradyne

A number of large investors have recently added to or reduced their stakes in TER. Raymond James Financial Services Advisors Inc. raised its stake in Teradyne by 2.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 8,753 shares of the company’s stock valued at $879,000 after acquiring an additional 198 shares during the period. Teacher Retirement System of Texas raised its stake in Teradyne by 1.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 11,981 shares of the company’s stock valued at $1,204,000 after acquiring an additional 183 shares during the period. Orion Portfolio Solutions LLC raised its stake in Teradyne by 12.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,588 shares of the company’s stock valued at $260,000 after acquiring an additional 277 shares during the period. New Mexico Educational Retirement Board raised its stake in Teradyne by 6.6% in the 3rd quarter. New Mexico Educational Retirement Board now owns 8,100 shares of the company’s stock valued at $814,000 after acquiring an additional 500 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in Teradyne by 1.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 16,080 shares of the company’s stock worth $1,615,000 after buying an additional 252 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.