Teradyne (NASDAQ:TER) Hits New 52-Week High After Analyst Upgrade

Shares of Teradyne, Inc. (NASDAQ:TER - Get Free Report) hit a new 52-week high during trading on Wednesday after KeyCorp raised their price target on the stock from $140.00 to $149.00. KeyCorp currently has an overweight rating on the stock. Teradyne traded as high as $141.59 and last traded at $141.06, with a volume of 232908 shares trading hands. The stock had previously closed at $140.27.

Several other brokerages have also weighed in on TER. Evercore ISI started coverage on shares of Teradyne in a report on Tuesday, April 16th. They set an "outperform" rating and a $130.00 price objective for the company. The Goldman Sachs Group raised shares of Teradyne from a "neutral" rating to a "buy" rating and lifted their price target for the company from $118.00 to $161.00 in a report on Monday. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $110.00 price target on shares of Teradyne in a report on Thursday, April 25th. Robert W. Baird lifted their price target on shares of Teradyne from $110.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, April 26th. Finally, Susquehanna lifted their price target on shares of Teradyne from $125.00 to $130.00 and gave the company a "positive" rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $122.17.

Insider Activity at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the business's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $121.20, for a total transaction of $75,750.00. Following the sale, the director now directly owns 17,142 shares in the company, valued at approximately $2,077,610.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Sanjay Mehta sold 3,750 shares of the business's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total value of $450,225.00. Following the sale, the chief financial officer now directly owns 41,902 shares in the company, valued at approximately $5,030,754.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now owns 17,142 shares in the company, valued at $2,077,610.40. The disclosure for this sale can be found here. Insiders have sold a total of 9,380 shares of company stock worth $1,214,863 in the last ninety days. 0.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Blair William & Co. IL increased its position in shares of Teradyne by 0.6% in the first quarter. Blair William & Co. IL now owns 15,004 shares of the company's stock worth $1,693,000 after acquiring an additional 83 shares in the last quarter. Marshall Financial Group LLC grew its position in Teradyne by 1.2% during the fourth quarter. Marshall Financial Group LLC now owns 8,251 shares of the company's stock valued at $895,000 after purchasing an additional 96 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in Teradyne by 24.0% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 517 shares of the company's stock valued at $56,000 after purchasing an additional 100 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Teradyne by 4.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,346 shares of the company's stock valued at $255,000 after purchasing an additional 107 shares in the last quarter. Finally, Covestor Ltd grew its position in Teradyne by 10.2% during the first quarter. Covestor Ltd now owns 1,162 shares of the company's stock valued at $131,000 after purchasing an additional 108 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Stock Up 1.8 %

The stock's 50-day moving average is $113.54 and its 200 day moving average is $104.99. The stock has a market capitalization of $22.30 billion, a PE ratio of 54.32 and a beta of 1.50.

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

Teradyne Dividend Announcement

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

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.