Teradyne (NASDAQ:TER) Price Target Increased to $120.00 by Analysts at Robert W. Baird

Teradyne (NASDAQ:TER) had its price target raised by investment analysts at Robert W. Baird from $110.00 to $120.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 10.18% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Evercore ISI began coverage on shares of Teradyne in a report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price objective for the company. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Teradyne in a report on Thursday. Finally, JPMorgan Chase & Co. raised their target price on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $114.18.

Teradyne Stock Up 8.2 %

Shares of NASDAQ:TER opened at $108.91 on Friday. The firm’s 50 day moving average price is $105.38 and its 200-day moving average price is $100.43. Teradyne has a twelve month low of $81.07 and a twelve month high of $119.20. The stock has a market capitalization of $16.66 billion, a PE ratio of 41.41 and a beta of 1.56.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 19.06%. The company had revenue of $599.82 million for the quarter, compared to analysts’ expectations of $566.31 million. During the same quarter last year, the business earned $0.55 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. Analysts expect that Teradyne will post 2.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Richard John Burns sold 1,744 shares of Teradyne stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $104.89, for a total transaction of $182,928.16. Following the completion of the sale, the insider now directly owns 16,734 shares in the company, valued at $1,755,229.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Richard John Burns sold 1,744 shares of Teradyne stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $104.89, for a total transaction of $182,928.16. Following the completion of the sale, the insider now directly owns 16,734 shares in the company, valued at $1,755,229.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ernest E. Maddock bought 1,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were acquired at an average price of $94.07 per share, with a total value of $94,070.00. Following the completion of the transaction, the director now owns 4,728 shares of the company’s stock, valued at approximately $444,762.96. The disclosure for this purchase can be found here. 0.36% of the stock is owned by insiders.

Institutional Trading of Teradyne

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cornerstone Planning Group LLC bought a new position in Teradyne in the third quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Teradyne during the third quarter worth about $27,000. CVA Family Office LLC purchased a new stake in shares of Teradyne during the fourth quarter worth about $33,000. Bfsg LLC purchased a new stake in shares of Teradyne during the first quarter worth about $34,000. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Teradyne during the third quarter worth about $36,000. 99.77% of the stock is currently 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.