Teradyne (NASDAQ:TER) Stock Price Expected to Rise, Bank of America Analyst Says

Teradyne (NASDAQ:TER) had its target price raised by equities research analysts at Bank of America from $235.00 to $250.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s target price would suggest a potential upside of 8.61% from the stock’s previous close.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Morgan Stanley upped their price objective on shares of Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. Northland Securities set a $186.00 price objective on shares of Teradyne in a research note on Thursday, October 30th. Vertical Research downgraded Teradyne from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a research note on Friday, January 9th. Finally, UBS Group upped their target price on Teradyne from $165.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Twelve investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $200.44.

Teradyne Trading Up 0.4%

TER opened at $230.19 on Tuesday. Teradyne has a 1-year low of $65.77 and a 1-year high of $231.13. The company has a market cap of $36.05 billion, a price-to-earnings ratio of 83.71, a PEG ratio of 1.65 and a beta of 1.84. The company’s fifty day moving average price is $192.61 and its two-hundred day moving average price is $145.74.

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

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the sale, the chief executive officer directly owned 93,409 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Company insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On Teradyne

Several hedge funds have recently bought and sold shares of TER. Root Financial Partners LLC purchased a new stake in shares of Teradyne during the 3rd quarter valued at $31,000. Davidson Capital Management Inc. bought a new position in Teradyne in the third quarter valued at $31,000. CYBER HORNET ETFs LLC purchased a new stake in Teradyne during the second quarter valued at about $35,000. Hemington Wealth Management raised its position in Teradyne by 43.2% during the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in Teradyne during the third quarter worth about $41,000. 99.77% of the stock is currently owned by institutional investors.

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.