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

Teradyne (NASDAQ:TER) had its target price lifted by Robert W. Baird from $110.00 to $120.00 in a report released on Friday, Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also recently commented on TER. Evercore ISI initiated coverage on shares of Teradyne in a research note on Tuesday, April 16th. They set an outperform rating and a $130.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of Teradyne from $100.00 to $110.00 and gave the company a neutral rating in a research note on Thursday, April 11th. Finally, Cantor Fitzgerald restated a neutral rating and set a $110.00 price target on shares of Teradyne in a research note 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. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $115.69.

Teradyne Trading Up 4.8 %

Shares of NASDAQ:TER opened at $114.13 on Friday. The business has a fifty day simple moving average of $105.62 and a 200 day simple moving average of $100.53. Teradyne has a 1 year low of $81.07 and a 1 year high of $119.20. The firm has a market cap of $17.46 billion, a price-to-earnings ratio of 43.40 and a beta of 1.56.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data 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. The firm had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. Teradyne’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. On average, sell-side analysts forecast that Teradyne will post 2.82 EPS for the current year.

Insider Activity

In other Teradyne 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 cost of $94.07 per share, for a total transaction of $94,070.00. Following the purchase, the director now owns 4,728 shares of the company’s stock, valued at $444,762.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Teradyne news, Director Ernest E. Maddock purchased 1,000 shares of the business’s stock in a transaction on 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 acquisition, the director now directly owns 4,728 shares of the company’s stock, valued at approximately $444,762.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $182,928.16. Following the sale, the insider now owns 16,734 shares of the company’s stock, valued at $1,755,229.26. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TER. Mutual of America Capital Management LLC increased its position in Teradyne by 6.6% during the fourth quarter. Mutual of America Capital Management LLC now owns 41,973 shares of the company’s stock worth $4,555,000 after acquiring an additional 2,590 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Teradyne by 8,125.5% during the fourth quarter. International Assets Investment Management LLC now owns 133,088 shares of the company’s stock worth $14,443,000 after purchasing an additional 131,470 shares during the period. Raymond James & Associates increased its holdings in shares of Teradyne by 3.8% during the fourth quarter. Raymond James & Associates now owns 448,581 shares of the company’s stock worth $48,680,000 after purchasing an additional 16,595 shares during the period. Value Aligned Research Advisors LLC acquired a new stake in shares of Teradyne in the fourth quarter valued at approximately $2,981,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Teradyne in the fourth quarter valued at approximately $998,000. 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.