Susquehanna Raises Teradyne (NASDAQ:TER) Price Target to $130.00

Teradyne (NASDAQ:TER) had its price objective boosted by Susquehanna from $125.00 to $130.00 in a report released on Friday, Benzinga reports. The brokerage currently has a positive rating on the stock.

TER has been the subject of a number of other research reports. Evercore ISI started coverage on shares of Teradyne in a research report on Tuesday, April 16th. They set an outperform rating and a $130.00 target price for the company. Robert W. Baird increased their target price on Teradyne from $110.00 to $120.00 and gave the stock an outperform rating in a report on Friday. JPMorgan Chase & Co. increased their target price on Teradyne from $100.00 to $110.00 and gave the stock a neutral rating in a report on Thursday, April 11th. Finally, Cantor Fitzgerald reaffirmed a neutral rating and set a $110.00 price objective on shares of Teradyne in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Hold and an average price target of $117.83.

Teradyne Trading Up 3.6 %

TER stock opened at $118.29 on Friday. The stock has a market capitalization of $18.09 billion, a P/E ratio of 44.98 and a beta of 1.56. Teradyne has a 12 month low of $81.07 and a 12 month high of $119.20. The firm has a 50-day moving average price of $105.94 and a 200-day moving average price of $100.68.

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, beating analysts’ consensus estimates of $0.33 by $0.18. The business had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business earned $0.55 EPS. As a group, equities analysts predict that Teradyne will post 2.87 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Ernest E. Maddock acquired 1,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were acquired 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 approximately $444,762.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by insiders.

Institutional Investors Weigh In On Teradyne

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Teradyne during the fourth quarter valued at about $188,873,000. Allspring Global Investments Holdings LLC increased its position in shares of Teradyne by 489.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,073,278 shares of the company’s stock worth $208,282,000 after purchasing an additional 1,721,306 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Teradyne by 26.9% in the fourth quarter. Van ECK Associates Corp now owns 4,361,091 shares of the company’s stock worth $473,265,000 after purchasing an additional 923,612 shares during the last quarter. Boston Partners increased its position in shares of Teradyne by 38.5% in the third quarter. Boston Partners now owns 2,351,867 shares of the company’s stock worth $236,164,000 after purchasing an additional 654,181 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Teradyne by 24.4% in the third quarter. Invesco Ltd. now owns 2,427,501 shares of the company’s stock worth $243,867,000 after purchasing an additional 476,763 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

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.