Teradyne (NASDAQ:TER) PT Raised to $118.00 at The Goldman Sachs Group

Teradyne (NASDAQ:TER - Free Report) had its price objective lifted by The Goldman Sachs Group from $107.00 to $118.00 in a research report sent to investors on Friday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Several other analysts also recently issued reports on TER. Susquehanna lifted their target price on Teradyne from $125.00 to $130.00 and gave the company a positive rating in a research note on Friday. Cantor Fitzgerald reaffirmed a neutral rating and issued a $110.00 price objective on shares of Teradyne in a research note on Thursday. JPMorgan Chase & Co. lifted their price objective on Teradyne from $100.00 to $110.00 and gave the stock a neutral rating in a research note on Thursday, April 11th. Evercore ISI began coverage on Teradyne in a research note on Tuesday, April 16th. They issued an outperform rating and a $130.00 price objective on the stock. Finally, Robert W. Baird lifted their price objective on Teradyne from $110.00 to $120.00 and gave the stock an outperform rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $115.69.

Teradyne Stock Up 4.8 %

NASDAQ:TER traded up $5.22 on Friday, hitting $114.13. The stock had a trading volume of 5,204,569 shares, compared to its average volume of 1,924,375. The stock has a market cap of $17.46 billion, a price-to-earnings ratio of 43.40 and a beta of 1.56. The business's 50-day simple moving average is $105.62 and its two-hundred day simple moving average is $100.53. Teradyne has a 52-week low of $81.07 and a 52-week high of $119.20.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. Teradyne had a return on equity of 19.06% and a net margin of 16.15%. The business had revenue of $599.82 million for the quarter, compared to analysts' expectations of $566.31 million. During the same period last year, the firm posted $0.55 earnings per share. The business's revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities research analysts anticipate that Teradyne will post 2.82 EPS for the current year.

Insider Activity at Teradyne

In other Teradyne news, Director Ernest E. Maddock bought 1,000 shares of Teradyne stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average cost of $94.07 per share, with a total value of $94,070.00. Following the transaction, the director now directly owns 4,728 shares of the company's stock, valued at approximately $444,762.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Ernest E. Maddock acquired 1,000 shares of the business's stock in a transaction dated Thursday, February 1st. The shares were acquired at an average cost of $94.07 per share, with a total value of $94,070.00. Following the completion of the acquisition, the director now owns 4,728 shares of the company's stock, valued at $444,762.96. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Richard John Burns sold 1,744 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $104.89, for a total value of $182,928.16. Following the completion of the transaction, the insider now directly owns 16,734 shares in the company, valued at $1,755,229.26. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by corporate insiders.

Institutional Trading of Teradyne

A number of hedge funds have recently modified their holdings of TER. CWM LLC boosted its stake in shares of Teradyne by 19.6% in the third quarter. CWM LLC now owns 3,051 shares of the company's stock worth $307,000 after buying an additional 499 shares during the last quarter. AE Wealth Management LLC boosted its position in Teradyne by 25.6% during the third quarter. AE Wealth Management LLC now owns 3,315 shares of the company's stock worth $333,000 after purchasing an additional 676 shares in the last quarter. SG Americas Securities LLC boosted its position in Teradyne by 239.5% during the third quarter. SG Americas Securities LLC now owns 11,351 shares of the company's stock worth $1,140,000 after purchasing an additional 8,008 shares in the last quarter. DAVENPORT & Co LLC boosted its position in Teradyne by 8.3% during the third quarter. DAVENPORT & Co LLC now owns 3,720 shares of the company's stock worth $374,000 after purchasing an additional 286 shares in the last quarter. Finally, Oak Thistle LLC boosted its position in Teradyne by 52.8% during the third quarter. Oak Thistle LLC now owns 6,859 shares of the company's stock worth $689,000 after purchasing an additional 2,370 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Company Profile

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.