Teradyne (NASDAQ:TER) Stock Rating Upgraded by The Goldman Sachs Group

Teradyne (NASDAQ:TERGet Free Report) was upgraded by research analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report released on Monday, Marketbeat reports. The firm presently has a $161.00 price objective on the stock, up from their prior price objective of $118.00. The Goldman Sachs Group’s target price suggests a potential upside of 22.05% from the company’s current price.

TER has been the subject of several other research reports. JPMorgan Chase & Co. boosted their price target on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Cantor Fitzgerald restated a “neutral” rating and set a $110.00 price target on shares of Teradyne in a research report on Thursday, April 25th. Evercore ISI initiated coverage on Teradyne in a research note on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price objective for the company. Susquehanna lifted their price target on Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. Finally, Robert W. Baird increased their price objective on Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $121.42.

Check Out Our Latest Research Report on Teradyne

Teradyne Stock Performance

TER stock opened at $131.91 on Monday. The firm’s fifty day moving average is $111.48 and its 200 day moving average is $103.97. The firm has a market cap of $20.59 billion, a PE ratio of 50.16 and a beta of 1.50. Teradyne has a one year low of $81.07 and a one year high of $133.46.

Teradyne (NASDAQ:TERGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The company had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. During the same quarter in the prior year, the firm posted $0.55 EPS. Teradyne’s quarterly revenue was down 2.9% compared to the same quarter last year. Research analysts predict that Teradyne will post 3.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $121.20, for a total transaction of $75,750.00. Following the completion of the transaction, the director now owns 17,142 shares in the company, valued at approximately $2,077,610.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $121.20, for a total transaction of $75,750.00. Following the sale, the director now owns 17,142 shares of the company’s stock, valued at approximately $2,077,610.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 3,750 shares of the firm’s 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 sale, the chief financial officer now directly owns 41,902 shares in the company, valued at approximately $5,030,754.12. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On Teradyne

A number of institutional investors have recently modified their holdings of TER. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Teradyne by 2.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 8,753 shares of the company’s stock valued at $879,000 after buying an additional 198 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Teradyne by 1.6% during the 3rd quarter. Teacher Retirement System of Texas now owns 11,981 shares of the company’s stock valued at $1,204,000 after acquiring an additional 183 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Teradyne by 12.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,588 shares of the company’s stock valued at $260,000 after purchasing an additional 277 shares during the last quarter. New Mexico Educational Retirement Board increased its holdings in shares of Teradyne by 6.6% in the third quarter. New Mexico Educational Retirement Board now owns 8,100 shares of the company’s stock valued at $814,000 after purchasing an additional 500 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in shares of Teradyne by 1.6% during the third quarter. Daiwa Securities Group Inc. now owns 16,080 shares of the company’s stock worth $1,615,000 after purchasing an additional 252 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

About Teradyne

(Get Free Report)

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.

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Analyst Recommendations for Teradyne (NASDAQ:TER)

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