The Goldman Sachs Group Raises Teradyne (NASDAQ:TER) Price Target to $118.00

Teradyne (NASDAQ:TER) had its target price boosted by The Goldman Sachs Group from $107.00 to $118.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the company. Susquehanna increased their target price on Teradyne from $125.00 to $130.00 and gave the stock a positive rating in a research report on Friday. Cantor Fitzgerald reiterated a neutral rating and issued a $110.00 price objective on shares of Teradyne in a research report on Thursday. Evercore ISI started coverage on Teradyne in a research report on Tuesday, April 16th. They issued an outperform rating and a $130.00 price objective on the stock. Robert W. Baird increased their price objective on Teradyne from $110.00 to $120.00 and gave the stock an outperform rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on Teradyne from $100.00 to $110.00 and gave the stock a neutral rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $117.83.

Teradyne Price Performance

NASDAQ:TER opened at $114.13 on Friday. The company has a market cap of $17.46 billion, a P/E ratio of 43.40 and a beta of 1.56. The stock’s fifty day moving average price is $105.62 and its two-hundred day moving average price is $100.55. Teradyne has a 1 year low of $81.07 and a 1 year high of $119.20.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. The firm had revenue of $599.82 million for 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 business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.55 earnings per share. On average, analysts expect that Teradyne will post 2.87 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Sanjay Mehta sold 8,653 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total transaction of $909,430.30. Following the transaction, the chief financial officer now directly owns 31,180 shares of the company’s stock, valued at $3,277,018. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Sanjay Mehta sold 8,653 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total transaction of $909,430.30. Following the transaction, the chief financial officer now directly owns 31,180 shares of the company’s stock, valued at $3,277,018. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard John Burns sold 1,744 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $104.89, for a total value of $182,928.16. Following the transaction, the insider now directly owns 16,734 shares in the company, valued at $1,755,229.26. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Institutional Trading of Teradyne

Several large investors have recently modified their holdings of the business. Marshall Financial Group LLC grew its stake in shares of Teradyne by 1.2% in the fourth quarter. Marshall Financial Group LLC now owns 8,251 shares of the company’s stock worth $895,000 after purchasing an additional 96 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of Teradyne by 24.0% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 517 shares of the company’s stock worth $56,000 after purchasing an additional 100 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Teradyne by 4.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,346 shares of the company’s stock worth $255,000 after purchasing an additional 107 shares during the last quarter. Congress Asset Management Co. MA boosted its position in Teradyne by 2.9% during the 4th quarter. Congress Asset Management Co. MA now owns 3,860 shares of the company’s stock valued at $419,000 after acquiring an additional 110 shares in the last quarter. Finally, Meritage Group LP boosted its position in Teradyne by 5.3% during the 4th quarter. Meritage Group LP now owns 2,218 shares of the company’s stock valued at $241,000 after acquiring an additional 111 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

About Teradyne

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.