Teradyne (NASDAQ:TER) Shares Climb 8% – Time to Buy?

Teradyne, Inc. (NASDAQ:TER)’s share price shot up 8% during trading on Friday. The company traded as high as $451.86 and last traded at $449.04. Approximately 3,356,567 shares were traded during trading, a decline of 6% from the average session volume of 3,574,635 shares. The stock had previously closed at $415.79.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $550.00 target price on shares of Teradyne in a report on Wednesday, July 29th. UBS Group boosted their price target on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. The Goldman Sachs Group reissued a “buy” rating and set a $465.00 price objective on shares of Teradyne in a report on Tuesday, July 28th. Zacks Research cut Teradyne from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $420.00 target price on shares of Teradyne in a research report on Friday, August 21st. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $396.80.

Teradyne Price Performance

The firm has a market capitalization of $70.20 billion, a P/E ratio of 61.60, a P/E/G ratio of 0.81 and a beta of 1.75. The stock’s fifty day simple moving average is $373.10 and its 200 day simple moving average is $367.34.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The business’s quarterly revenue was up 103.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. As a group, sell-side analysts forecast that Teradyne, Inc. will post 9.11 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. Teradyne’s dividend payout ratio (DPR) is currently 7.13%.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Smith sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $337.83, for a total value of $1,351,320.00. Following the sale, the chief executive officer owned 108,495 shares in the company, valued at $36,652,865.85. This represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On Teradyne

Several institutional investors and hedge funds have recently modified their holdings of TER. GoalVest Advisory LLC raised its holdings in Teradyne by 7.9% in the 3rd quarter. GoalVest Advisory LLC now owns 8,890 shares of the company’s stock worth $3,564,000 after purchasing an additional 654 shares during the period. Versant Capital Management Inc grew its stake in Teradyne by 3.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,776 shares of the company’s stock valued at $712,000 after acquiring an additional 59 shares during the period. Burkett Financial Services LLC purchased a new stake in Teradyne in the 3rd quarter worth $44,000. Cim Investment Management Inc. acquired a new position in Teradyne during the second quarter worth $291,000. Finally, Envestnet Asset Management Inc. raised its position in Teradyne by 17.5% during the second quarter. Envestnet Asset Management Inc. now owns 99,122 shares of the company’s stock worth $47,959,000 after acquiring an additional 14,783 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Company Profile

Teradyne, Inc is a global provider of automated test equipment and industrial automation solutions. Founded in 1960 and headquartered in North Reading, Massachusetts, the company develops systems that help manufacturers test the performance, quality, and reliability of electronic products and components.

Teradyne’s products include semiconductor test systems used to evaluate integrated circuits, memory devices, and other semiconductor components. The company also provides test solutions for wireless products, storage systems, and complex electronic systems, along with related software, services, and support.

Through its Industrial Automation segment, Teradyne offers collaborative robots from Universal Robots, autonomous mobile robots from Mobile Industrial Robots, and robotic arms and systems for manufacturing and other industrial applications.