Teradyne (NASDAQ:TER) PT Set at $105.00 by Cantor Fitzgerald

Teradyne (NASDAQ:TER) has been given a $105.00 price objective by stock analysts at Cantor Fitzgerald in a note issued to investors on Tuesday, Marketbeat.com reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 16.41% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. UBS Group set a $130.00 price target on shares of Teradyne and gave the company a “buy” rating in a report on Wednesday, March 12th. TD Cowen decreased their price target on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. KeyCorp reaffirmed a “sector weight” rating on shares of Teradyne in a research note on Thursday, April 17th. Bank of America reduced their target price on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a research note on Wednesday, March 12th. Finally, Susquehanna reduced their target price on shares of Teradyne from $155.00 to $133.00 and set a “positive” rating for the company in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.33.

Teradyne Stock Down 0.2%

Shares of TER stock opened at $90.20 on Tuesday. Teradyne has a 12-month low of $65.77 and a 12-month high of $163.21. The firm has a market capitalization of $14.47 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 3.95 and a beta of 1.69. The firm has a fifty day moving average of $80.42 and a 200-day moving average of $99.47.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.14. Teradyne had a net margin of 19.86% and a return on equity of 20.06%. The company had revenue of $685.70 million during the quarter, compared to analyst estimates of $680.54 million. During the same quarter in the previous year, the business earned $0.51 EPS. The firm’s revenue was up 14.3% on a year-over-year basis. Research analysts expect that Teradyne will post 3.88 earnings per share for the current year.

Teradyne announced that its Board of Directors has approved a stock repurchase program on Monday, April 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 8.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Teradyne

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Berbice Capital Management LLC raised its holdings in shares of Teradyne by 200.0% in the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the company’s stock valued at $25,000 after purchasing an additional 200 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in Teradyne during the fourth quarter worth approximately $34,000. Manchester Capital Management LLC increased its position in Teradyne by 44.7% during the first quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock worth $37,000 after buying an additional 140 shares during the last quarter. AllSquare Wealth Management LLC increased its position in Teradyne by 200.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after buying an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group increased its position in Teradyne by 189.9% during the first quarter. Brooklyn Investment Group now owns 461 shares of the company’s stock worth $38,000 after buying an additional 302 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

About Teradyne

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.