Teradyne (NASDAQ:TER) Hits New 1-Year High – Time to Buy?

Teradyne, Inc. (NASDAQ:TER)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $255.20 and last traded at $247.0820, with a volume of 3699389 shares. The stock had previously closed at $251.87.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TER. UBS Group boosted their target price on Teradyne from $200.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Robert W. Baird set a $195.00 price objective on shares of Teradyne in a research report on Friday, October 31st. Evercore ISI lifted their price target on shares of Teradyne from $120.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. The Goldman Sachs Group raised shares of Teradyne from a “sell” rating to a “buy” rating and boosted their price target for the company from $148.00 to $230.00 in a research report on Monday, December 15th. Finally, Susquehanna reaffirmed a “positive” rating and set a $275.00 price objective on shares of Teradyne in a report on Monday, January 12th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $208.25.

Teradyne Stock Performance

The company has a market capitalization of $39.37 billion, a PE ratio of 91.28, a P/E/G ratio of 1.73 and a beta of 1.83. The company’s 50-day simple moving average is $207.62 and its 200-day simple moving average is $158.02.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, February 13th. Teradyne’s payout ratio is 17.45%.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the sale, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Teradyne

Large investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC increased its stake in Teradyne by 12.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock valued at $342,000 after buying an additional 468 shares during the period. Caxton Associates LLP purchased a new stake in shares of Teradyne in the first quarter valued at about $297,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Teradyne during the second quarter worth about $260,000. QRG Capital Management Inc. increased its stake in shares of Teradyne by 231.5% during the second quarter. QRG Capital Management Inc. now owns 106,567 shares of the company’s stock worth $9,583,000 after acquiring an additional 74,417 shares during the period. Finally, KLP Kapitalforvaltning AS raised its holdings in Teradyne by 1.8% during the second quarter. KLP Kapitalforvaltning AS now owns 55,800 shares of the company’s stock worth $5,018,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

About Teradyne

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.