Teradyne (NASDAQ:TER) PT Raised to $130.00

Teradyne (NASDAQ:TER) had its price objective increased by research analysts at Susquehanna from $125.00 to $130.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s target price indicates a potential upside of 13.91% from the company’s current price.

A number of other equities research analysts have also commented on the company. Robert W. Baird raised their price target on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday. Evercore ISI began coverage on Teradyne in a research report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 price target on shares of Teradyne in a research report on Thursday. One 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. Based on data from MarketBeat, Teradyne has a consensus rating of “Hold” and an average target price of $115.69.

Teradyne Trading Up 4.8 %

Shares of TER opened at $114.13 on Friday. Teradyne has a 1 year low of $81.07 and a 1 year high of $119.20. The stock has a market cap of $17.46 billion, a P/E ratio of 43.40 and a beta of 1.56. The stock’s 50-day moving average price is $105.62 and its two-hundred day moving average price is $100.54.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The firm had revenue of $599.82 million for the quarter, compared to analysts’ expectations of $566.31 million. During the same quarter last year, the business earned $0.55 earnings per share. The company’s revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts forecast that Teradyne will post 2.82 EPS for the current year.

Insider Activity at Teradyne

In related news, CFO Sanjay Mehta sold 8,653 shares of Teradyne stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total value of $909,430.30. Following the sale, the chief financial officer now owns 31,180 shares of the company’s stock, valued at approximately $3,277,018. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Ernest E. Maddock purchased 1,000 shares of the stock in a transaction on Thursday, February 1st. The shares were purchased at an average price of $94.07 per share, with a total value of $94,070.00. Following the transaction, the director now directly owns 4,728 shares of the company’s stock, valued at $444,762.96. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Sanjay Mehta sold 8,653 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total value of $909,430.30. Following the transaction, the chief financial officer now directly owns 31,180 shares in the company, valued at approximately $3,277,018. The disclosure for this sale can be found here. 0.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Mitchell & Pahl Private Wealth LLC increased its position in shares of Teradyne by 3.2% during the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 7,165 shares of the company’s stock worth $808,000 after purchasing an additional 219 shares during the last quarter. Simplicity Wealth LLC acquired a new position in shares of Teradyne during the 1st quarter worth approximately $962,000. Bfsg LLC acquired a new position in shares of Teradyne during the 1st quarter worth approximately $34,000. United Asset Strategies Inc. increased its position in shares of Teradyne by 0.6% during the 1st quarter. United Asset Strategies Inc. now owns 127,935 shares of the company’s stock worth $14,435,000 after purchasing an additional 761 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Teradyne by 4.4% during the 1st quarter. Fifth Third Bancorp now owns 11,035 shares of the company’s stock worth $1,245,000 after purchasing an additional 461 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

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.