Teradyne (NASDAQ:TER) Price Target Increased to $145.00 by Analysts at Susquehanna

Teradyne (NASDAQ:TER) had its price target increased by investment analysts at Susquehanna from $130.00 to $145.00 in a report released on Friday, Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price objective suggests a potential upside of 16.62% from the stock’s current price.

Several other analysts have also commented on the company. JPMorgan Chase & Co. increased their price objective on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday. Stifel Nicolaus increased their price target on Teradyne from $100.00 to $150.00 and gave the company a “hold” rating in a research note on Tuesday, July 16th. Northland Capmk lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. KeyCorp increased their price objective on shares of Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. Finally, UBS Group boosted their target price on shares of Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $143.86.

Teradyne Price Performance

Shares of TER stock opened at $124.34 on Friday. The company has a market cap of $19.41 billion, a P/E ratio of 47.28, a PEG ratio of 2.69 and a beta of 1.50. The stock’s 50-day moving average is $146.94 and its 200 day moving average is $121.10. Teradyne has a 1-year low of $81.07 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 19.18%. The firm had revenue of $729.88 million for the quarter, compared to the consensus estimate of $701.20 million. During the same quarter in the previous year, the firm earned $0.79 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts anticipate that Teradyne will post 3.06 EPS for the current year.

Insider Activity at Teradyne

In other news, CFO Sanjay Mehta sold 3,750 shares of the firm’s 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 of the company’s stock, valued at approximately $5,030,754.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $121.20, for a total value of $75,750.00. Following the sale, 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 filing with the SEC, which can be accessed through the SEC website. Also, CFO Sanjay Mehta sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the sale, the chief financial officer now owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,005 shares of company stock worth $1,304,763. 0.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Teradyne

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CVA Family Office LLC purchased a new position in Teradyne during the fourth quarter valued at $33,000. Bfsg LLC acquired a new position in shares of Teradyne during the 1st quarter worth about $34,000. American National Bank purchased a new position in Teradyne in the 4th quarter valued at about $37,000. Cambridge Trust Co. acquired a new stake in Teradyne in the 4th quarter worth about $38,000. Finally, Versant Capital Management Inc increased its stake in Teradyne by 3,800.0% during the 2nd 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. Hedge funds and other institutional investors own 99.77% of the company’s stock.

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.