Teradyne (NASDAQ:TER) PT Raised to $145.00 at Evercore ISI

Teradyne (NASDAQ:TER) had its price objective upped by equities researchers at Evercore ISI from $130.00 to $145.00 in a report issued on Wednesday. The brokerage presently has an “overweight” rating on the stock. Evercore ISI’s target price indicates a potential upside of 12.46% from the company’s current price.

A number of other equities analysts have also recently weighed in on TER. Craig Hallum cut shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective for the company. in a research report on Friday, July 26th. UBS Group lifted 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. Susquehanna upped their target price on Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. Stifel Nicolaus upped their price target on shares of Teradyne from $100.00 to $150.00 and gave the company a “hold” rating in a report on Tuesday, July 16th. Finally, Robert W. Baird increased their price target on shares of Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $142.57.

Teradyne Trading Down 1.2 %

Teradyne stock opened at $128.94 on Wednesday. The stock has a market capitalization of $21.04 billion, a price-to-earnings ratio of 49.03, a PEG ratio of 2.67 and a beta of 1.49. The stock has a 50 day moving average of $128.99 and a two-hundred day moving average of $130.59. Teradyne has a twelve month low of $81.07 and a twelve month high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.09. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The business had revenue of $729.88 million during the quarter, compared to the consensus estimate of $701.20 million. During the same quarter in the previous year, the company posted $0.79 EPS. The business’s revenue was up 6.6% on a year-over-year basis. Equities analysts predict that Teradyne will post 3.02 earnings per share for the current year.

Insider Activity

In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the sale, the director now owns 16,518 shares in the company, valued at $2,204,987.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $409,024.00. Following the transaction, the chief executive officer now owns 80,736 shares in the company, valued at $10,721,740.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the sale, the director now owns 16,518 shares of the company’s stock, valued at $2,204,987.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,977 shares of company stock worth $1,979,834 in the last quarter. 0.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TER. Vanguard Group Inc. increased its holdings in shares of Teradyne by 0.7% in the first quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock worth $2,078,462,000 after purchasing an additional 135,286 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Teradyne by 10.4% in the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock valued at $543,278,000 after acquiring an additional 453,926 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Teradyne by 1.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock valued at $682,597,000 after buying an additional 57,989 shares during the period. Nordea Investment Management AB raised its holdings in Teradyne by 14.6% in the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock worth $342,178,000 after purchasing an additional 385,115 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Teradyne by 3.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,182,136 shares of the company’s stock valued at $246,210,000 after purchasing an additional 68,924 shares during the last quarter. 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.