Teradyne (NASDAQ:TER) Price Target Raised to $130.00

Teradyne (NASDAQ:TER) had its price target hoisted by equities researchers at Susquehanna from $125.00 to $130.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s price target would indicate a potential upside of 15.27% from the stock’s previous close.

TER has been the topic of several other research reports. Evercore ISI began coverage on shares of Teradyne in a report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 target price on the stock. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price objective on shares of Teradyne in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Finally, Robert W. Baird boosted their price objective on shares of Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Teradyne presently has an average rating of “Hold” and a consensus target price of $115.50.

Teradyne Trading Up 3.6 %

NASDAQ:TER traded up $3.87 during midday trading on Friday, hitting $112.78. 721,602 shares of the company were exchanged, compared to its average volume of 1,866,414. The company has a market capitalization of $17.25 billion, a PE ratio of 42.97 and a beta of 1.56. Teradyne has a fifty-two week low of $81.07 and a fifty-two week high of $119.20. The company has a fifty day simple moving average of $105.38 and a 200 day simple moving average of $100.43.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. The company had revenue of $599.82 million for the quarter, compared to analyst estimates of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 19.06%. Teradyne’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 earnings per share. As a group, equities research analysts expect that Teradyne will post 2.82 EPS for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Teradyne

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Simplicity Wealth LLC acquired a new position in Teradyne during the first quarter worth approximately $962,000. Bfsg LLC purchased a new stake in Teradyne during the first quarter worth approximately $34,000. United Asset Strategies Inc. grew its stake in Teradyne by 0.6% during the first quarter. United Asset Strategies Inc. now owns 127,935 shares of the company’s stock worth $14,435,000 after buying an additional 761 shares during the period. Fifth Third Bancorp grew its stake in Teradyne by 4.4% during the first quarter. Fifth Third Bancorp now owns 11,035 shares of the company’s stock worth $1,245,000 after buying an additional 461 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Teradyne by 15.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,768 shares of the company’s stock worth $1,215,000 after buying an additional 1,438 shares during the period. 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.