Bank of America Issues Positive Forecast for Teradyne (NASDAQ:TER) Stock Price

Teradyne (NASDAQ:TER) had its price target hoisted by Bank of America from $235.00 to $250.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s target price would indicate a potential upside of 11.43% from the company’s current price.

TER has been the subject of a number of other reports. Citigroup raised their price objective on Teradyne from $117.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $240.00 price target on shares of Teradyne in a report on Tuesday, December 16th. UBS Group lifted their price objective on shares of Teradyne from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Evercore ISI increased their price objective on shares of Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Finally, Morgan Stanley lifted their target price on shares of Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $197.63.

Teradyne Price Performance

Shares of TER opened at $224.36 on Tuesday. The company has a market cap of $35.14 billion, a PE ratio of 81.59, a price-to-earnings-growth ratio of 1.57 and a beta of 1.84. The firm has a 50-day moving average of $190.68 and a 200-day moving average of $144.16. Teradyne has a one year low of $65.77 and a one year high of $229.66.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.07. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The business had revenue of $769.21 million during the quarter, compared to the consensus estimate of $744.20 million. During the same period last year, the business posted $0.90 EPS. Teradyne’s revenue was up 4.3% on a year-over-year basis. Analysts expect that Teradyne will post 3.88 earnings per share for the current year.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the sale, the chief executive officer owned 93,409 shares of the company’s stock, valued at $18,804,165.79. The trade was a 1.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Teradyne

A number of hedge funds and other institutional investors have recently made changes to their positions in TER. Bank of Nova Scotia grew its stake in Teradyne by 546.5% during the second quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock worth $8,835,000 after buying an additional 83,055 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Teradyne by 3.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,002 shares of the company’s stock worth $24,908,000 after acquiring an additional 9,094 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Teradyne by 291.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 24,995 shares of the company’s stock worth $2,247,000 after acquiring an additional 18,612 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Teradyne by 73.3% in the second quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock valued at $412,000 after acquiring an additional 1,939 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH bought a new position in Teradyne in the third quarter valued at approximately $895,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

About Teradyne

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.