Stifel Nicolaus Raises Teradyne (NASDAQ:TER) Price Target to $270.00

Teradyne (NASDAQ:TER) had its target price boosted by stock analysts at Stifel Nicolaus from $225.00 to $270.00 in a research note issued on Wednesday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 18.58% from the company’s current price.

Several other research analysts have also commented on TER. Northland Securities set a $186.00 price objective on Teradyne in a research report on Thursday, October 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $240.00 target price on shares of Teradyne in a research note on Tuesday, December 16th. Robert W. Baird set a $195.00 target price on Teradyne in a report on Friday, October 31st. UBS Group upped their price target on Teradyne from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Teradyne in a research report on Wednesday, October 8th. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $200.44.

Teradyne Stock Performance

NASDAQ TER opened at $227.70 on Wednesday. The firm has a market capitalization of $35.66 billion, a price-to-earnings ratio of 82.80, a PEG ratio of 1.66 and a beta of 1.84. Teradyne has a one year low of $65.77 and a one year high of $238.92. The company’s 50 day moving average price is $193.46 and its 200 day moving average price is $146.31.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, topping 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 company had revenue of $769.21 million during the quarter, compared to analyst estimates of $744.20 million. During the same quarter in the prior year, the business earned $0.90 earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. Sell-side analysts forecast that Teradyne will post 3.88 EPS for the current fiscal year.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction on 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 in the company, valued at approximately $18,804,165.79. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TER. Three Seasons Wealth LLC bought a new position in shares of Teradyne during the fourth quarter worth about $897,000. Fifth Third Wealth Advisors LLC acquired a new stake in Teradyne during the fourth quarter valued at approximately $336,000. Affinity Wealth Management LLC raised its stake in Teradyne by 1.8% during the fourth quarter. Affinity Wealth Management LLC now owns 44,431 shares of the company’s stock valued at $8,600,000 after buying an additional 800 shares in the last quarter. Silver Oak Securities Incorporated bought a new position in Teradyne during the 4th quarter worth approximately $1,121,000. Finally, J. Safra Sarasin Holding AG bought a new position in Teradyne during the 4th quarter worth approximately $558,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Company Profile

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.