Teradyne (NASDAQ:TER) PT Raised to $180.00

Teradyne (NASDAQ:TER) had its target price increased by analysts at KeyCorp from $160.00 to $180.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price objective would suggest a potential upside of 15.14% from the company’s current price.

TER has been the topic of several other reports. Evercore ISI assumed coverage on shares of Teradyne in a research note on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price target on the stock. Robert W. Baird increased their price objective on shares of Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Susquehanna increased their price objective on shares of Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a report on Friday, April 26th. The Goldman Sachs Group increased their price objective on shares of Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Finally, UBS Group increased their price objective on shares of Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.23.

Teradyne Trading Up 1.0 %

Shares of NASDAQ TER opened at $156.33 on Friday. The stock has a market cap of $24.40 billion, a price-to-earnings ratio of 59.44, a PEG ratio of 2.92 and a beta of 1.50. Teradyne has a 52 week low of $81.07 and a 52 week high of $161.22. The company’s 50-day moving average price is $142.52 and its 200 day moving average price is $118.47.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The company had revenue of $599.82 million for the quarter, compared to analysts’ expectations of $566.31 million. During the same period last year, the company earned $0.55 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, research analysts expect that Teradyne will post 3.04 earnings per share for the current year.

Insider Activity at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total transaction of $89,900.00. Following the sale, the director now owns 18,393 shares in the company, valued at $2,645,649.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total transaction of $89,900.00. Following the sale, the director now owns 18,393 shares in the company, valued at $2,645,649.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the sale, the chief financial officer now owns 41,902 shares in the company, valued at approximately $5,030,754.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,005 shares of company stock worth $1,304,763. Company insiders own 0.36% of the company’s stock.

Institutional Trading of Teradyne

Hedge funds have recently made changes to their positions in the stock. Bfsg LLC acquired a new stake in shares of Teradyne during the first quarter worth approximately $34,000. CVA Family Office LLC acquired a new stake in shares of Teradyne during the fourth quarter worth approximately $33,000. American National Bank acquired a new stake in shares of Teradyne during the fourth quarter worth approximately $37,000. Cambridge Trust Co. acquired a new stake in shares of Teradyne during the fourth quarter worth approximately $38,000. Finally, Versant Capital Management Inc grew its position in shares of Teradyne by 3,800.0% during the second quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock worth $52,000 after buying an additional 342 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

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.