Brokerages Set Teradyne, Inc. (NASDAQ:TER) PT at $117.83

Teradyne, Inc. (NASDAQ:TER) has received a consensus recommendation of “Hold” from the ten analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $117.83.

TER has been the subject of several recent research reports. Susquehanna increased their price objective on shares of Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. Evercore ISI assumed coverage on Teradyne in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price objective on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a research report on Thursday, April 25th. JPMorgan Chase & Co. increased their target price on Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group boosted their price target on Teradyne from $107.00 to $118.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th.

Teradyne Trading Up 1.8 %

Shares of TER opened at $122.61 on Friday. Teradyne has a twelve month low of $81.07 and a twelve month high of $123.65. The firm has a market capitalization of $18.76 billion, a P/E ratio of 46.62 and a beta of 1.50. The stock’s fifty day simple moving average is $108.46 and its 200 day simple moving average is $101.82.

Teradyne (NASDAQ:TER) last released its quarterly earnings data 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 return on equity of 18.88% and a net margin of 16.15%. The company had revenue of $599.82 million for the quarter, compared to the consensus estimate of $566.31 million. During the same period last year, the business posted $0.55 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Sell-side analysts predict that Teradyne will post 2.99 earnings per share for the current year.

Insider Buying and Selling at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $121.20, for a total value of $75,750.00. Following the completion of the transaction, the director now directly owns 17,142 shares in the company, valued at $2,077,610.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $121.20, for a total transaction of $75,750.00. Following the transaction, the director now directly owns 17,142 shares in the company, valued at $2,077,610.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sanjay Mehta sold 3,750 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Teradyne

Several institutional investors and hedge funds have recently bought and sold shares of the business. Mutual of America Capital Management LLC grew its holdings in shares of Teradyne by 6.6% during the fourth quarter. Mutual of America Capital Management LLC now owns 41,973 shares of the company’s stock valued at $4,555,000 after purchasing an additional 2,590 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Teradyne by 8,125.5% in the fourth quarter. International Assets Investment Management LLC now owns 133,088 shares of the company’s stock valued at $14,443,000 after buying an additional 131,470 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Teradyne by 3.8% during the fourth quarter. Raymond James & Associates now owns 448,581 shares of the company’s stock valued at $48,680,000 after acquiring an additional 16,595 shares during the period. Value Aligned Research Advisors LLC bought a new position in shares of Teradyne during the fourth quarter worth about $2,981,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Teradyne in the 4th quarter worth about $998,000. 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.