Teradyne (NASDAQ:TER) Given New $118.00 Price Target at The Goldman Sachs Group

Teradyne (NASDAQ:TER) had its target price increased by The Goldman Sachs Group from $107.00 to $118.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other analysts have also recently issued reports about the stock. Susquehanna increased their price target on shares of Teradyne from $125.00 to $130.00 and gave the company a positive rating in a research note on Friday. Evercore ISI began coverage on shares of Teradyne in a report on Tuesday, April 16th. They issued an outperform rating and a $130.00 price objective on the stock. Cantor Fitzgerald restated a neutral rating and issued a $110.00 price objective on shares of Teradyne in a report on Thursday, April 25th. Robert W. Baird increased their price objective on shares of Teradyne from $110.00 to $120.00 and gave the company an outperform rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their price objective 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 analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Teradyne has a consensus rating of Hold and an average target price of $117.83.

Teradyne Trading Up 3.6 %

Shares of Teradyne stock opened at $118.29 on Friday. The stock has a market capitalization of $18.09 billion, a price-to-earnings ratio of 44.98 and a beta of 1.56. Teradyne has a 1-year low of $81.07 and a 1-year high of $119.20. The firm’s 50-day moving average price is $105.94 and its two-hundred day moving average price is $100.68.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating 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 business had revenue of $599.82 million for the quarter, compared to analysts’ expectations of $566.31 million. During the same period in the prior year, the firm earned $0.55 earnings per share. Teradyne’s revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts predict that Teradyne will post 2.87 EPS for the current year.

Insider Transactions at Teradyne

In related news, Director Ernest E. Maddock acquired 1,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was bought 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 directly owns 4,728 shares of the company’s stock, valued at $444,762.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TER. Cornerstone Planning Group LLC bought a new position in Teradyne in the third quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Teradyne in the 3rd quarter valued at about $27,000. CVA Family Office LLC bought a new position in shares of Teradyne in the 4th quarter valued at about $33,000. Bfsg LLC bought a new position in shares of Teradyne in the 1st quarter valued at about $34,000. Finally, Venturi Wealth Management LLC bought a new position in shares of Teradyne in the 3rd quarter valued at about $36,000. 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.