Analysts Set Teradyne, Inc. (NASDAQ:TER) Price Target at $117.83

Shares of Teradyne, Inc. (NASDAQ:TER) have received a consensus rating of “Hold” from the ten brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $117.83.

A number of equities research analysts have weighed in on the stock. Susquehanna lifted their price target on shares of Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. The Goldman Sachs Group lifted their target price on shares of Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Evercore ISI initiated coverage on shares of Teradyne in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 price objective on shares of Teradyne in a research note on Thursday, April 25th.

Teradyne Stock Performance

NASDAQ TER opened at $120.44 on Friday. Teradyne has a twelve month low of $81.07 and a twelve month high of $121.86. The stock has a market cap of $18.42 billion, a PE ratio of 45.79 and a beta of 1.50. The firm has a 50-day simple moving average of $107.25 and a 200 day simple moving average of $101.28.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. The company had revenue of $599.82 million during the quarter, compared to the consensus estimate of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. Research analysts forecast that Teradyne will post 2.99 earnings per share for the current fiscal year.

Institutional Trading of Teradyne

Several large investors have recently made changes to their positions in the business. AE Wealth Management LLC increased its holdings in shares of Teradyne by 25.6% in the third quarter. AE Wealth Management LLC now owns 3,315 shares of the company’s stock valued at $333,000 after purchasing an additional 676 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Teradyne by 7.1% during the third quarter. Commonwealth Equity Services LLC now owns 14,245 shares of the company’s stock worth $1,431,000 after acquiring an additional 948 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Teradyne by 32.7% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 25,950 shares of the company’s stock valued at $2,607,000 after acquiring an additional 6,400 shares during the period. Xponance Inc. lifted its stake in shares of Teradyne by 1.8% during the third quarter. Xponance Inc. now owns 34,333 shares of the company’s stock valued at $3,449,000 after acquiring an additional 592 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Teradyne by 2.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 8,753 shares of the company’s stock valued at $879,000 after acquiring an additional 198 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Company Profile

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.