Robert W. Baird Forecasts Strong Price Appreciation for Teradyne (NASDAQ:TER) Stock

Teradyne (NASDAQ:TER) had its price objective raised by analysts at Robert W. Baird from $305.00 to $332.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 11.99% from the stock’s current price.

Other analysts have also issued reports about the company. The Goldman Sachs Group raised their price target on Teradyne from $230.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Vertical Research downgraded shares of Teradyne from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research note on Friday, January 9th. Morgan Stanley set a $306.00 price objective on shares of Teradyne in a report on Wednesday, February 11th. Royal Bank Of Canada set a $270.00 target price on shares of Teradyne in a report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Teradyne in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given 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 target price of $275.53.

Teradyne Stock Performance

Shares of TER opened at $296.46 on Monday. Teradyne has a fifty-two week low of $65.77 and a fifty-two week high of $344.92. The company has a market capitalization of $46.41 billion, a PE ratio of 85.19, a price-to-earnings-growth ratio of 1.71 and a beta of 1.76. The stock has a fifty day moving average of $292.97 and a two-hundred day moving average of $215.69.

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

Hedge Funds Weigh In On Teradyne

Several hedge funds and other institutional investors have recently modified their holdings of TER. Bank of Nova Scotia lifted its holdings in shares of Teradyne by 546.5% during the 2nd quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock valued at $8,835,000 after acquiring an additional 83,055 shares in the last quarter. ARK Investment Management LLC increased 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 valued at $374,701,000 after purchasing an additional 548,140 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased 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 valued at $12,542,000 after purchasing an additional 7,648 shares in the last quarter. Aspen Wealth Strategies LLC purchased a new position in Teradyne in the third quarter valued at about $577,000. Finally, Assenagon Asset Management S.A. raised its position in Teradyne by 3,233.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock valued at $176,144,000 after purchasing an additional 882,723 shares during the period. 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.