Teradyne (NASDAQ:TER) Stock Picked Up by Analysts at Jefferies Financial Group

Key Points

• Jefferies initiated coverage of Teradyne with a Buy rating and a $284 price target, implying 15.73% upside from the previous close.
• Analyst sentiment is broadly positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $397.73, based on 13 Buy or Strong Buy ratings and four Holds.
• Teradyne beat quarterly estimates, reporting $2.29 in EPS and $1.31 billion in revenue; revenue rose 69.8% year over year.

Stock analysts at Jefferies Financial Group started coverage on shares of Teradyne (NASDAQ:TER - Get Free Report) in a report issued on Wednesday, Briefing.com reports. The brokerage set a "buy" rating and a $284.00 price target on the stock. Jefferies Financial Group's price target would suggest a potential upside of 15.73% from the company's previous close.

Several other research firms have also commented on TER. Morgan Stanley raised their price target on shares of Teradyne from $387.00 to $397.00 and gave the company an "equal weight" rating in a report on Thursday, July 30th. Evercore reiterated an "outperform" rating and set a $420.00 price objective on shares of Teradyne in a research note on Thursday, July 30th. UBS Group dropped their price objective on shares of Teradyne from $485.00 to $430.00 and set a "buy" rating for the company in a research report on Thursday, October 29th. Weiss Ratings raised shares of Teradyne from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, September 29th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $550.00 target price on shares of Teradyne in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $397.73.

Teradyne Trading Down 0.2%

TER stock opened at $245.40 on Wednesday. The company has a market cap of $38.31 billion, a PE ratio of 28.17, a price-to-earnings-growth ratio of 0.48 and a beta of 1.73. The stock has a 50-day moving average price of $347.34 and a two-hundred day moving average price of $348.91. Teradyne has a 12-month low of $151.52 and a 12-month high of $487.91.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.20. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.27 billion. Teradyne had a return on equity of 43.81% and a net margin of 27.46%. The company's quarterly revenue was up 69.8% compared to the same quarter last year. During the same period last year, the business posted $0.85 EPS. Equities analysts forecast that Teradyne will post 9.41 EPS for the current fiscal year.

Insider Activity at Teradyne

In related news, CEO Gregory Smith sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $341.28, for a total transaction of $1,365,120.00. Following the transaction, the chief executive officer directly owned 104,495 shares of the company's stock, valued at approximately $35,662,053.60. The trade was a 3.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 12,000 shares of company stock worth $4,416,440. Company insiders own 0.19% of the company's stock.

Institutional Investors Weigh In On Teradyne

Large investors have recently added to or reduced their stakes in the company. Community Financial Services Group LLC purchased a new stake in Teradyne during the 2nd quarter worth approximately $29,000. IFG Advisory LLC acquired a new stake in shares of Teradyne during the 3rd quarter valued at approximately $26,000. Next Level Wealth Planning LLC acquired a new stake in shares of Teradyne during the 3rd quarter valued at approximately $27,000. Elevation Wealth Partners LLC lifted its stake in Teradyne by 1,320.0% during the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company's stock worth $34,000 after purchasing an additional 66 shares during the last quarter. Finally, Mcdonald Partners LLC bought a new position in Teradyne during the second quarter worth $36,000. 99.77% of the stock is owned by institutional investors and hedge funds.

About Teradyne

Teradyne, Inc. develops and supplies automated test equipment and robotics used by manufacturers around the world. Its test systems help customers evaluate the performance and reliability of semiconductor devices, electronic products, wireless components and storage products. The company's offerings include semiconductor test systems, system-level test equipment and wireless test solutions. Teradyne also serves industrial automation markets through Universal Robots, which makes collaborative robots, and Mobile Industrial Robots, which develops autonomous mobile robots for moving materials in factories and other facilities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.