Teradyne (NASDAQ:TER) PT Raised to $120.00 at Robert W. Baird

Teradyne (NASDAQ:TER) had its target price raised by Robert W. Baird from $110.00 to $120.00 in a research report report published on Friday, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

TER has been the topic of several other research reports. Evercore ISI started coverage on Teradyne in a report on Tuesday, April 16th. They set an outperform rating and a $130.00 target price on the stock. JPMorgan Chase & Co. boosted 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 restated a neutral rating and issued a $110.00 price target on shares of Teradyne in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $117.83.

Teradyne Stock Up 3.6 %

Shares of NASDAQ TER opened at $118.29 on Friday. The firm’s 50-day moving average price is $105.94 and its two-hundred day moving average price is $100.68. Teradyne has a 52-week low of $81.07 and a 52-week high of $119.20. The stock has a market capitalization of $18.09 billion, a P/E ratio of 44.98 and a beta of 1.56.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. The company had revenue of $599.82 million for the quarter, compared to analysts’ expectations of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share. As a group, equities research analysts expect that Teradyne will post 2.87 earnings per share for the current year.

Insider Activity

In related news, Director Ernest E. Maddock purchased 1,000 shares of the stock in a transaction dated 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 acquisition, the director now directly owns 4,728 shares in the company, valued at approximately $444,762.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Teradyne

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC acquired a new stake in shares of Teradyne in the 3rd quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Teradyne in the 3rd quarter valued at $27,000. Bfsg LLC acquired a new stake in shares of Teradyne in the 1st quarter valued at $34,000. CVA Family Office LLC acquired a new stake in shares of Teradyne in the 4th quarter valued at $33,000. Finally, American National Bank acquired a new stake in shares of Teradyne in the 4th quarter valued at $37,000. 99.77% of the stock is currently owned by hedge funds and other 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.