Teradyne (NASDAQ:TER) PT Raised to $145.00 at JPMorgan Chase & Co.

Teradyne (NASDAQ:TER) had its price target lifted by stock analysts at JPMorgan Chase & Co. from $120.00 to $145.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 5.36% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on TER. The Goldman Sachs Group boosted their target price on shares of Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Cantor Fitzgerald upped their price target on shares of Teradyne from $120.00 to $180.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Northland Securities cut shares of Teradyne from an “outperform” rating to a “market perform” rating and set a $136.00 price target on the stock. in a report on Thursday, July 18th. UBS Group upped their price target on shares of Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Finally, Northland Capmk cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Teradyne presently has a consensus rating of “Hold” and a consensus price target of $142.14.

Teradyne Trading Down 0.8 %

Shares of NASDAQ:TER traded down $1.25 during mid-day trading on Tuesday, reaching $153.21. The company had a trading volume of 65,432 shares, compared to its average volume of 1,997,310. The firm has a market cap of $23.92 billion, a price-to-earnings ratio of 58.04, a PEG ratio of 2.74 and a beta of 1.50. The company’s 50-day moving average price is $146.35 and its 200-day moving average price is $120.57. Teradyne has a one year low of $81.07 and a one year high of $163.21.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The business had revenue of $599.82 million for the quarter, compared to analysts’ expectations of $566.31 million. During the same quarter in the previous year, the firm posted $0.55 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, research analysts anticipate that Teradyne will post 3.05 EPS for the current fiscal year.

Insider Buying and Selling at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 3,750 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the sale, the chief financial officer now directly owns 41,902 shares in the company, valued at $5,030,754.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction dated 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 directly owns 17,142 shares of the company’s stock, valued at $2,077,610.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Sanjay Mehta sold 3,750 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the transaction, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The disclosure for this sale can be found here. Insiders sold a total of 10,005 shares of company stock worth $1,304,763 over the last three months. Company insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mitchell & Pahl Private Wealth LLC raised its stake in shares of Teradyne by 1.1% during the second quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock valued at $1,074,000 after acquiring an additional 79 shares during the last quarter. Blair William & Co. IL raised its stake in shares of Teradyne by 0.6% during the first quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock valued at $1,693,000 after acquiring an additional 83 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Teradyne by 17.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $97,000 after acquiring an additional 96 shares during the last quarter. Quent Capital LLC raised its stake in shares of Teradyne by 6.0% during the second quarter. Quent Capital LLC now owns 1,868 shares of the company’s stock valued at $277,000 after acquiring an additional 105 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in 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 buying an additional 107 shares in 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.