Teradyne, Inc. (NASDAQ:TER) Receives $117.83 Average Target Price from Brokerages

Teradyne, Inc. (NASDAQ:TER) has received a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $117.83.

TER has been the subject of a number of research analyst reports. Robert W. Baird increased their price target on Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 target price on shares of Teradyne in a research report on Thursday, April 25th. JPMorgan Chase & Co. boosted their price target on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. 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 report on Friday, April 26th. Finally, Evercore ISI initiated coverage on shares of Teradyne in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price objective on the stock.

Teradyne Price Performance

NASDAQ TER opened at $120.44 on Friday. The company has a fifty day moving average price of $107.25 and a 200-day moving average price of $101.28. The firm has a market cap of $18.42 billion, a price-to-earnings ratio of 45.79 and a beta of 1.50. Teradyne has a 1 year low of $81.07 and a 1 year high of $121.86.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. The business had revenue of $599.82 million during the quarter, compared to the consensus estimate of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS. On average, research analysts anticipate that Teradyne will post 2.99 EPS for the current fiscal year.

Hedge Funds Weigh In On Teradyne

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC bought a new stake in shares of Teradyne during the 3rd quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Teradyne during the 3rd quarter valued at about $27,000. CVA Family Office LLC bought a new stake in shares of Teradyne during the fourth quarter valued at about $33,000. Bfsg LLC purchased a new stake in shares of Teradyne in the first quarter worth about $34,000. Finally, Venturi Wealth Management LLC bought a new position in shares of Teradyne in the third quarter valued at approximately $36,000. Institutional investors 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.