Teradyne (NASDAQ:TER) Given New $118.00 Price Target at The Goldman Sachs Group

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

Several other equities research analysts have also recently weighed in on TER. Susquehanna upped their target price on Teradyne from $125.00 to $130.00 and gave the stock a positive rating in a research note on Friday. Cantor Fitzgerald reaffirmed a neutral rating and issued a $110.00 price objective on shares of Teradyne in a research note on Thursday. Evercore ISI started coverage on Teradyne in a report on Tuesday, April 16th. They set an outperform rating and a $130.00 price target for the company. Robert W. Baird raised their price objective on Teradyne from $110.00 to $120.00 and gave the company an outperform rating in a research note on Friday. Finally, JPMorgan Chase & Co. upped their target price on Teradyne from $100.00 to $110.00 and gave the stock a neutral rating in a research report on Thursday, April 11th. 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 data from MarketBeat, Teradyne currently has an average 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 12 month low of $81.07 and a 12 month high of $119.20. The firm’s 50 day moving average is $105.62 and its 200-day moving average is $100.53. The stock has a market capitalization of $17.46 billion, a PE ratio of 43.40 and a beta of 1.56.

Teradyne (NASDAQ:TER) last released 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 company 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%. Teradyne’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 EPS. Equities research analysts predict that Teradyne will post 2.82 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Sanjay Mehta sold 8,653 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were 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 in the company, valued at $3,277,018. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Teradyne news, CFO Sanjay Mehta sold 8,653 shares of the business’s stock in a transaction 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 owns 31,180 shares of the company’s stock, valued at $3,277,018. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Richard John Burns sold 1,744 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were 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 disclosure for this sale can be found here. 0.36% of the stock is currently owned by corporate insiders.

Institutional Trading of Teradyne

Several hedge funds have recently added to or reduced their stakes in the stock. Mitchell & Pahl Private Wealth LLC grew 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 valued at $808,000 after acquiring an additional 219 shares during the period. Simplicity Wealth LLC bought a new position in Teradyne during the first quarter valued at $962,000. Bfsg LLC purchased a new stake in Teradyne in the first quarter worth $34,000. United Asset Strategies Inc. raised its stake in shares of Teradyne by 0.6% in the first quarter. United Asset Strategies Inc. now owns 127,935 shares of the company’s stock valued at $14,435,000 after buying an additional 761 shares during the period. Finally, Fifth Third Bancorp lifted 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 valued at $1,245,000 after buying an additional 461 shares during the last quarter. 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.