Teradyne (NASDAQ:TER) Price Target Raised to $110.00 at JPMorgan Chase & Co.

Teradyne (NASDAQ:TER - Free Report) had its price target hoisted by JPMorgan Chase & Co. from $100.00 to $110.00 in a research report released on Thursday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other brokerages have also recently commented on TER. Cantor Fitzgerald reaffirmed a neutral rating and issued a $110.00 target price on shares of Teradyne in a report on Monday, March 4th. Bank of America reaffirmed an underperform rating and issued a $100.00 target price on shares of Teradyne in a report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Teradyne currently has a consensus rating of Hold and an average target price of $111.91.

Teradyne Stock Performance

TER stock traded up $3.06 during midday trading on Thursday, reaching $109.46. 1,901,055 shares of the company were exchanged, compared to its average volume of 1,773,351. Teradyne has a 1-year low of $81.07 and a 1-year high of $119.20. The stock's 50-day simple moving average is $104.86 and its 200 day simple moving average is $100.21. The company has a market cap of $16.74 billion, a price-to-earnings ratio of 40.10 and a beta of 1.56.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. The company had revenue of $670.60 million for the quarter, compared to analysts' expectations of $674.99 million. During the same quarter last year, the company earned $0.92 earnings per share. The firm's revenue for the quarter was down 8.4% on a year-over-year basis. On average, research analysts anticipate that Teradyne will post 2.95 earnings per share for the current year.

Teradyne Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 16th were given a dividend of $0.12 per share. This is a positive change from Teradyne's previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Thursday, February 15th. Teradyne's payout ratio is presently 17.58%.

Insiders Place Their Bets

In other Teradyne news, insider Richard John Burns sold 317 shares of the business's stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $112.68, for a total transaction of $35,719.56. Following the sale, the insider now directly owns 20,300 shares in the company, valued at approximately $2,287,404. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Richard John Burns sold 317 shares of Teradyne stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $112.68, for a total transaction of $35,719.56. Following the completion of the transaction, the insider now owns 20,300 shares of the company's stock, valued at approximately $2,287,404. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sanjay Mehta sold 1,083 shares of Teradyne stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $110.95, for a total value of $120,158.85. Following the transaction, the chief financial officer now directly owns 45,107 shares of the company's stock, valued at approximately $5,004,621.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,797 shares of company stock worth $1,248,237. Corporate insiders own 0.18% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TER. Vanguard Group Inc. raised its position in shares of Teradyne by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 18,285,900 shares of the company's stock valued at $1,984,386,000 after purchasing an additional 89,511 shares in the last quarter. BlackRock Inc. raised its position in shares of Teradyne by 1.7% in the 1st quarter. BlackRock Inc. now owns 13,566,844 shares of the company's stock valued at $1,458,571,000 after purchasing an additional 229,924 shares in the last quarter. FMR LLC raised its position in shares of Teradyne by 3.9% in the 3rd quarter. FMR LLC now owns 11,533,715 shares of the company's stock valued at $1,158,677,000 after purchasing an additional 437,054 shares in the last quarter. State Street Corp raised its position in shares of Teradyne by 2.1% in the 1st quarter. State Street Corp now owns 6,423,963 shares of the company's stock valued at $690,640,000 after purchasing an additional 131,204 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Teradyne by 2.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,432,153 shares of the company's stock valued at $445,254,000 after acquiring an additional 106,848 shares in the last quarter. Institutional investors and hedge funds 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.