Teradyne (NASDAQ:TER) Hits New 52-Week High – Here’s What Happened

Analyst Upgrades and Downgrades - Goldman Sachs upgraded Teradyne from "sell" to "buy" with a target price increase from $148.00 to $230.00 [1] - UBS raised its price target from $165.00 to $200.00 and maintained a "buy" rating [1] - Bank of America upgraded Teradyne from "underperform" to "buy" with a price objective of $205.00 [1] - Evercore ISI increased its price objective from $120.00 to $175.00 and rated the stock as "outperform" [1] - JPMorgan Chase raised its target price from $122.00 to $190.00 and assigned a "neutral" rating [1] - The consensus rating for Teradyne is "Moderate Buy" with a target price of $185.75 [1] Financial Performance - Teradyne reported $0.85 earnings per share (EPS) for the last quarter, exceeding estimates of $0.78 by $0.07 [3] - The company had revenue of $769.21 million, surpassing analyst estimates of $744.20 million [3] - Quarterly revenue increased by 4.3% year-over-year [3] - The return on equity was 18.04% and the net margin was 15.49% [3] Dividend Announcement - Teradyne announced a quarterly dividend of $0.12 per share, paid on December 17th [4] - The annualized dividend is $0.48, yielding 0.2% [4] - The dividend payout ratio is currently 17.45% [4] Stock Performance - Teradyne's stock reached a new 52-week high of $205.30 during trading [5] - The stock traded at $205.1880 with a volume of 233,326 shares [5] - The company's market capitalization is $32.51 billion, with a P/E ratio of 75.48 [2] Insider Transactions - CEO Gregory Stephen Smith sold 1,108 shares at an average price of $201.31, totaling $223,051.48 [6] - Following the sale, the CEO owns 93,409 shares valued at approximately $18.8 million [6] - Insiders sold 3,324 shares worth $583,639 over the last quarter [6] Institutional Inflows and Outflows - Bank of Nova Scotia increased its holdings in Teradyne by 546.5%, acquiring an additional 83,055 shares [7] - Mirae Asset Global Investments raised its stake by 3.4%, now owning 277,002 shares [7] - Thrivent Financial for Lutherans lifted its position by 291.6%, owning 24,995 shares [7] - Hedge funds and institutional investors own 99.77% of Teradyne's stock [7] Company Overview - Teradyne, Inc. is a global supplier of automatic test equipment and related services for semiconductors and electronic systems [8] - The company was founded in 1960 and is headquartered in North Reading, Massachusetts [8] - Teradyne's product portfolio focuses on automatic test equipment (ATE) and system-level test solutions [9]