Teradyne (NASDAQ:TER) Given New $270.00 Price Target at Stifel Nicolaus

Teradyne (NASDAQ:TER) had its price objective hoisted by equities researchers at Stifel Nicolaus from $225.00 to $270.00 in a report released on Wednesday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 18.66% from the stock’s previous close.

A number of other research firms have also recently weighed in on TER. Industrial Alliance Securities set a $175.00 price target on Teradyne in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Teradyne in a research note on Wednesday, October 8th. Cantor Fitzgerald restated an “overweight” rating and set a $240.00 price target on shares of Teradyne in a research report on Tuesday, December 16th. Citigroup raised their price target on shares of Teradyne from $117.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Finally, Bank of America increased their price target on Teradyne from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday. Twelve research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $200.44.

Teradyne Trading Down 0.8%

TER stock traded down $1.73 during mid-day trading on Wednesday, reaching $227.54. The company’s stock had a trading volume of 411,076 shares, compared to its average volume of 2,689,455. The company’s 50 day moving average is $191.75 and its two-hundred day moving average is $145.14. Teradyne has a fifty-two week low of $65.77 and a fifty-two week high of $231.13. The stock has a market cap of $35.64 billion, a PE ratio of 82.52, a P/E/G ratio of 1.62 and a beta of 1.84.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The company had revenue of $769.21 million for the quarter, compared to analyst estimates of $744.20 million. During the same quarter in the previous year, the company posted $0.90 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts forecast that Teradyne will post 3.88 earnings per share for the current fiscal year.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the transaction, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by company insiders.

Institutional Trading of Teradyne

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of Nova Scotia grew its holdings in shares of Teradyne by 546.5% during the second quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock valued at $8,835,000 after purchasing an additional 83,055 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Teradyne by 3.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,002 shares of the company’s stock valued at $24,908,000 after buying an additional 9,094 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Teradyne by 291.6% during the second quarter. Thrivent Financial for Lutherans now owns 24,995 shares of the company’s stock worth $2,247,000 after purchasing an additional 18,612 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Teradyne by 73.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock worth $412,000 after buying an additional 1,939 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in Teradyne during the 3rd quarter worth $895,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

About Teradyne

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.