Teradyne (NASDAQ:TER) Given New $465.00 Price Target at The Goldman Sachs Group

Teradyne (NASDAQ:TER) had its price target lifted by The Goldman Sachs Group from $350.00 to $465.00 in a research note published on Monday morning, Marketbeat reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other analysts have also recently issued reports on the company. Bank of America raised their target price on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. UBS Group increased their price objective on Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Citigroup lifted their price objective on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley set a $387.00 target price on Teradyne in a research note on Thursday, April 30th. Finally, Cantor Fitzgerald upped their target price on Teradyne from $400.00 to $550.00 and gave the company an “overweight” rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $390.53.

Teradyne Stock Performance

Shares of NASDAQ TER traded down $34.20 during trading on Monday, hitting $345.32. 874,612 shares of the company traded hands, compared to its average volume of 3,857,516. Teradyne has a fifty-two week low of $88.60 and a fifty-two week high of $487.91. The business’s fifty day moving average is $386.16 and its 200 day moving average is $318.66. The firm has a market capitalization of $54.06 billion, a price-to-earnings ratio of 63.89, a P/E/G ratio of 1.07 and a beta of 1.74.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the company earned $0.75 earnings per share. The business’s revenue was up 87.0% on a year-over-year basis. On average, analysts predict that Teradyne will post 7.2 EPS for the current year.

Teradyne Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were issued a $0.13 dividend. This is an increase from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, May 21st. Teradyne’s dividend payout ratio is currently 9.63%.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 8,597 shares of Teradyne stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the transaction, the chief executive officer owned 124,470 shares of the company’s stock, valued at $42,192,840.60. This trade represents a 6.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the sale, the vice president owned 7,665 shares in the company, valued at $2,894,304. This trade represents a 8.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,941 shares of company stock valued at $5,444,112 in the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Teradyne

Institutional investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC increased its stake in shares of Teradyne by 6,479.1% in the second quarter. CoreCap Advisors LLC now owns 8,816 shares of the company’s stock worth $4,266,000 after purchasing an additional 8,682 shares in the last quarter. Trilogy Capital Inc. purchased a new stake in shares of Teradyne during the 2nd quarter valued at approximately $220,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Teradyne by 9.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 897 shares of the company’s stock valued at $434,000 after buying an additional 74 shares in the last quarter. Hilltop National Bank bought a new position in Teradyne in the 2nd quarter worth approximately $41,000. Finally, Basecamp Wealth Advisors LLC boosted its holdings in Teradyne by 95.6% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 266 shares of the company’s stock worth $79,000 after buying an additional 130 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.