Teradyne, Inc. (NASDAQ:TER) Receives $117.83 Average Price Target from Brokerages

Shares of Teradyne, Inc. (NASDAQ:TER) have received a consensus rating of “Hold” from the ten brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $117.83.

A number of equities analysts have recently weighed in on TER shares. JPMorgan Chase & Co. lifted their price target on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. The Goldman Sachs Group boosted their target price on Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 price objective on shares of Teradyne in a report on Thursday, April 25th. Robert W. Baird increased their target price on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Evercore ISI started coverage on shares of Teradyne in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price target on the stock.

Insider Activity at Teradyne

In related news, CFO Sanjay Mehta sold 3,750 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the transaction, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

Institutional Trading of Teradyne

Large investors have recently added to or reduced their stakes in the company. Marshall Financial Group LLC increased its holdings in shares of Teradyne by 1.2% during the 4th quarter. Marshall Financial Group LLC now owns 8,251 shares of the company’s stock worth $895,000 after acquiring an additional 96 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in Teradyne by 24.0% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 517 shares of the company’s stock worth $56,000 after buying an additional 100 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Teradyne by 4.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,346 shares of the company’s stock worth $255,000 after purchasing an additional 107 shares during the period. Congress Asset Management Co. MA increased its holdings in Teradyne by 2.9% in the 4th quarter. Congress Asset Management Co. MA now owns 3,860 shares of the company’s stock valued at $419,000 after buying an additional 110 shares during the period. Finally, Meritage Group LP raised its position in Teradyne by 5.3% during the fourth quarter. Meritage Group LP now owns 2,218 shares of the company’s stock valued at $241,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $121.09 on Friday. The stock has a market cap of $18.52 billion, a price-to-earnings ratio of 46.04 and a beta of 1.50. The company has a 50 day moving average of $107.65 and a 200-day moving average of $101.48. Teradyne has a one year low of $81.07 and a one year high of $123.65.

Teradyne (NASDAQ:TER) last released 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 business had revenue of $599.82 million during the quarter, compared to the consensus estimate of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 earnings per share. Equities research analysts anticipate that Teradyne will post 2.99 earnings per share for the current year.

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.