Teradyne (NASDAQ:TER) Earns Outperform Rating from Analysts at Evercore ISI

Evercore ISI assumed coverage on shares of Teradyne (NASDAQ:TER - Free Report) in a report released on Tuesday, MarketBeat.com reports. The brokerage issued an outperform rating and a $130.00 price target on the stock.

TER has been the topic of several other research reports. JPMorgan Chase & Co. raised their target price on Teradyne from $100.00 to $110.00 and gave the company a neutral rating in a research report on Thursday, April 11th. Cantor Fitzgerald restated a neutral rating and issued a $110.00 target price on shares of Teradyne in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $113.73.

Teradyne Trading Up 0.5 %

TER traded up $0.51 during trading on Tuesday, hitting $104.93. The company's stock had a trading volume of 1,269,361 shares, compared to its average volume of 1,765,124. Teradyne has a twelve month low of $81.07 and a twelve month high of $119.20. The business's fifty day simple moving average is $105.36 and its 200 day simple moving average is $100.39. The firm has a market capitalization of $16.05 billion, a price-to-earnings ratio of 38.44 and a beta of 1.56.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. The company had revenue of $670.60 million for the quarter, compared to analyst estimates of $674.99 million. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. Teradyne's quarterly revenue was down 8.4% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. As a group, equities research analysts forecast that Teradyne will post 2.95 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 16th were paid a dividend of $0.12 per share. This is a boost from Teradyne's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.48 annualized dividend and a yield of 0.46%. Teradyne's dividend payout ratio (DPR) is 17.58%.

Insiders Place Their Bets

In other Teradyne news, Director Ernest E. Maddock bought 1,000 shares of the business's stock in a transaction on Thursday, February 1st. The stock was bought at an average price of $94.07 per share, with a total value of $94,070.00. Following the completion of the purchase, the director now directly owns 4,728 shares in the company, valued at $444,762.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Teradyne news, Director Ernest E. Maddock bought 1,000 shares of the business's stock in a transaction on Thursday, February 1st. The stock was bought at an average price of $94.07 per share, with a total value of $94,070.00. Following the completion of the purchase, the director now directly owns 4,728 shares in the company, valued at $444,762.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sanjay Mehta sold 1,083 shares of the firm's 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 sale, 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. Insiders sold a total of 11,797 shares of company stock valued at $1,248,237 over the last quarter. 0.18% of the stock is owned by insiders.

Institutional Investors Weigh In On Teradyne

A number of institutional investors have recently modified their holdings of the company. KRS Capital Management LLC acquired a new stake in shares of Teradyne in the first quarter valued at $223,000. Register Financial Advisors LLC acquired a new stake in shares of Teradyne in the first quarter valued at $113,000. Capital Asset Advisory Services LLC grew its stake in shares of Teradyne by 4.7% in the first quarter. Capital Asset Advisory Services LLC now owns 3,892 shares of the company's stock valued at $418,000 after buying an additional 176 shares in the last quarter. Thrive Wealth Management LLC grew its stake in shares of Teradyne by 7.7% in the first quarter. Thrive Wealth Management LLC now owns 2,567 shares of the company's stock valued at $290,000 after buying an additional 184 shares in the last quarter. Finally, Bouvel Investment Partners LLC grew its stake in shares of Teradyne by 0.5% in the first quarter. Bouvel Investment Partners LLC now owns 22,779 shares of the company's stock valued at $2,570,000 after buying an additional 112 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

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.