Cantor Fitzgerald Forecasts Strong Price Appreciation for Teradyne (NASDAQ:TER) Stock

Teradyne (NASDAQ:TER) had its price target hoisted by Cantor Fitzgerald from $330.00 to $400.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 9.45% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Vertical Research lowered shares of Teradyne from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a report on Friday, January 9th. Citigroup lifted their price target on shares of Teradyne from $215.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. The Goldman Sachs Group boosted their price objective on shares of Teradyne from $230.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. UBS Group increased their price objective on Teradyne from $200.00 to $275.00 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, Robert W. Baird raised their target price on Teradyne from $305.00 to $332.00 and gave the stock an “outperform” rating in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and a consensus price target of $289.53.

Teradyne Stock Up 2.0%

Shares of TER stock traded up $7.18 during mid-day trading on Thursday, reaching $365.47. 954,479 shares of the stock traded hands, compared to its average volume of 3,409,043. The stock’s fifty day simple moving average is $303.25 and its two-hundred day simple moving average is $223.59. Teradyne has a 1-year low of $68.24 and a 1-year high of $369.64. The company has a market cap of $57.22 billion, a price-to-earnings ratio of 104.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.79.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.44. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The firm’s revenue was up 43.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 earnings per share. On average, equities research analysts anticipate that Teradyne will post 3.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Teradyne

Several institutional investors have recently added to or reduced their stakes in TER. Bank of Nova Scotia raised its position in shares of Teradyne by 546.5% in the second quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock valued at $8,835,000 after purchasing an additional 83,055 shares during the period. ARK Investment Management LLC boosted its holdings in Teradyne by 25.2% in the 3rd quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company’s stock worth $374,701,000 after buying an additional 548,140 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Teradyne by 9.2% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,120 shares of the company’s stock worth $12,542,000 after buying an additional 7,648 shares during the period. Aspen Wealth Strategies LLC purchased a new position in Teradyne in the 3rd quarter valued at approximately $577,000. Finally, Assenagon Asset Management S.A. grew its stake in Teradyne by 3,233.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock valued at $176,144,000 after buying an additional 882,723 shares in the last quarter. 99.77% of the stock is 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.