Teradyne (NASDAQ:TER) Given New $120.00 Price Target at Robert W. Baird

Teradyne (NASDAQ:TER) had its price target increased by research analysts at Robert W. Baird from $110.00 to $120.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 5.14% from the company’s current price.

A number of other brokerages have also weighed in on TER. JPMorgan Chase & Co. increased 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. Evercore ISI assumed coverage on Teradyne in a report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price objective on the stock. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 price objective on shares of Teradyne in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $115.69.

Teradyne Stock Performance

Teradyne stock opened at $114.13 on Friday. The stock has a 50-day moving average of $105.62 and a two-hundred day moving average of $100.54. The stock has a market cap of $17.46 billion, a PE ratio of 43.40 and a beta of 1.56. Teradyne has a one year low of $81.07 and a one year high of $119.20.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. The business had revenue of $599.82 million for the quarter, compared to analyst estimates of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The company’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 earnings per share. As a group, sell-side analysts predict that Teradyne will post 2.82 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Ernest E. Maddock bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average cost of $94.07 per share, with a total value of $94,070.00. Following the completion of the acquisition, the director now directly owns 4,728 shares in the company, valued at $444,762.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Teradyne news, insider Richard John Burns sold 1,744 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $104.89, for a total value of $182,928.16. Following the sale, the insider now directly owns 16,734 shares of the company’s stock, valued at $1,755,229.26. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ernest E. Maddock acquired 1,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was acquired at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the completion of the acquisition, the director now owns 4,728 shares of the company’s stock, valued at approximately $444,762.96. The disclosure for this purchase can be found here. 0.36% of the stock is owned by corporate insiders.

Institutional Trading of Teradyne

Several institutional investors have recently bought and sold shares of TER. Cornerstone Planning Group LLC acquired a new stake in Teradyne in the third quarter valued at approximately $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Teradyne in the third quarter valued at approximately $27,000. CVA Family Office LLC acquired a new stake in Teradyne in the fourth quarter valued at approximately $33,000. Bfsg LLC acquired a new stake in Teradyne in the first quarter valued at approximately $34,000. Finally, Venturi Wealth Management LLC acquired a new stake in Teradyne in the third quarter valued at approximately $36,000. 99.77% of the stock is owned by institutional investors and hedge funds.

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.