Teradyne (NASDAQ:TER) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Teradyne (NASDAQ:TER) in a report released on Wednesday morning, MarketBeat reports. The brokerage issued a buy rating and a $284.00 target price on the stock.

TER has been the subject of several other research reports. Morgan Stanley upped their target price on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Wall Street Zen cut Teradyne from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Weiss Ratings raised Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th. Robert W. Baird downgraded Teradyne from an “outperform” rating to a “neutral” rating and set a $420.00 price objective on the stock. in a research report on Friday, August 21st. Finally, The Goldman Sachs Group set a $440.00 price objective on Teradyne in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $397.73.

Teradyne Trading Up 8.3%

Teradyne stock opened at $265.78 on Wednesday. Teradyne has a 12-month low of $151.52 and a 12-month high of $487.91. The firm has a market capitalization of $41.49 billion, a price-to-earnings ratio of 30.51, a P/E/G ratio of 0.48 and a beta of 1.73. The firm has a 50 day moving average of $345.94 and a 200 day moving average of $349.10.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.20. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.27 billion. Teradyne had a net margin of 27.46% and a return on equity of 43.81%. The company’s revenue for the quarter was up 69.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. On average, analysts predict that Teradyne will post 9.41 EPS for the current year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Monday, November 23rd will be paid a $0.13 dividend. The ex-dividend date is Monday, November 23rd. This represents a $0.52 annualized dividend and a yield of 0.2%. Teradyne’s payout ratio is presently 5.97%.

Insider Activity at Teradyne

In other news, CEO Gregory Smith sold 4,000 shares of the firm’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $341.28, for a total transaction of $1,365,120.00. Following the completion of the transaction, the chief executive officer owned 104,495 shares in the company, valued at $35,662,053.60. This trade represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 12,000 shares of company stock worth $4,416,440. 0.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Teradyne

Large investors have recently made changes to their positions in the company. Advisors Asset Management Inc. purchased a new stake in shares of Teradyne during the 3rd quarter worth approximately $12,569,000. Edmond DE Rothschild Holding S.A. grew its holdings in shares of Teradyne by 177.6% in the third quarter. Edmond DE Rothschild Holding S.A. now owns 866 shares of the company’s stock valued at $347,000 after purchasing an additional 554 shares in the last quarter. GW&K Investment Management LLC increased its position in Teradyne by 79.8% in the third quarter. GW&K Investment Management LLC now owns 989 shares of the company’s stock worth $396,000 after purchasing an additional 439 shares during the last quarter. Private Wealth Asset Management LLC increased its position in Teradyne by 1,834.3% in the third quarter. Private Wealth Asset Management LLC now owns 1,973 shares of the company’s stock worth $791,000 after purchasing an additional 1,871 shares during the last quarter. Finally, Greenline Wealth Management LLC increased its position in Teradyne by 15.4% in the third quarter. Greenline Wealth Management LLC now owns 740 shares of the company’s stock worth $296,000 after purchasing an additional 99 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Latest Teradyne News

Investors following TER have been watching these news items:

• Positive Sentiment: Jefferies initiated coverage with a Buy rating and a $284 price target, citing a potential $2 billion opportunity tied to testing AI chips and Teradyne’s growing relationship with Nvidia. Teradyne Stock Jumps. Jefferies Sees a $2 Billion Nvidia Opportunity.
• Positive Sentiment: The launch of the Omnyx Edge test platform broadens Teradyne’s reach into edge AI hardware, factory automation and robotics, potentially adding to its AI-related growth prospects. Why Teradyne Stock Is Getting Attention After Edge AI Test Platform Launch
• Neutral Sentiment: Teradyne also declared a quarterly dividend of $0.13 per share, payable December 16 to shareholders of record November 23. The modest payout is a shareholder return but is unlikely to be the main driver of the stock’s move. Why Teradyne Stock Is Getting Attention After Edge AI Test Platform Launch

About Teradyne

Teradyne, Inc. develops and supplies automated test equipment and robotics used by manufacturers around the world. Its test systems help customers evaluate the performance and reliability of semiconductor devices, electronic products, wireless components and storage products. The company’s offerings include semiconductor test systems, system-level test equipment and wireless test solutions. Teradyne also serves industrial automation markets through Universal Robots, which makes collaborative robots, and Mobile Industrial Robots, which develops autonomous mobile robots for moving materials in factories and other facilities.