Teradyne (NASDAQ:TER) Price Target Increased to $149.00 by Analysts at KeyCorp

Teradyne (NASDAQ:TER - Get Free Report) had its price target hoisted by analysts at KeyCorp from $140.00 to $149.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. KeyCorp's price objective indicates a potential upside of 6.22% from the company's previous close.

Several other equities analysts also recently weighed in on the company. Robert W. Baird increased their target price on Teradyne from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, April 26th. Evercore ISI began coverage on shares of Teradyne in a report on Tuesday, April 16th. They set an "outperform" rating and a $130.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of Teradyne from $100.00 to $110.00 and gave the company a "neutral" rating in a report on Thursday, April 11th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $110.00 price target on shares of Teradyne in a research note on Thursday, April 25th. Finally, The Goldman Sachs Group raised shares of Teradyne from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $118.00 to $161.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.17.

Teradyne Trading Up 0.5 %

Shares of NASDAQ TER traded up $0.76 during midday trading on Tuesday, reaching $140.27. 1,913,813 shares of the stock were exchanged, compared to its average volume of 1,998,476. The stock has a 50 day moving average price of $112.79 and a 200-day moving average price of $104.72. The company has a market capitalization of $21.90 billion, a P/E ratio of 53.33 and a beta of 1.50. Teradyne has a 52-week low of $81.07 and a 52-week high of $140.64.

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 analysts' consensus estimates of $0.33 by $0.18. The firm had revenue of $599.82 million for the quarter, compared to analyst estimates of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. Teradyne's revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 earnings per share. On average, analysts forecast that Teradyne will post 3.02 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Mercedes Johnson sold 625 shares of the firm's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $121.20, for a total transaction of $75,750.00. Following the completion of the sale, the director now directly owns 17,142 shares of the company's stock, valued at approximately $2,077,610.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $121.20, for a total value of $75,750.00. Following the completion of the transaction, the director now owns 17,142 shares of the company's stock, valued at $2,077,610.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the sale, the chief financial officer now owns 41,902 shares in the company, valued at $5,030,754.12. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Swedbank AB bought a new position in Teradyne during the 1st quarter worth approximately $24,226,000. LRI Investments LLC bought a new position in Teradyne during the first quarter worth $68,000. Arrow Financial Corp boosted its holdings in Teradyne by 35.9% in the first quarter. Arrow Financial Corp now owns 15,426 shares of the company's stock worth $1,741,000 after purchasing an additional 4,073 shares during the period. Wahed Invest LLC increased its stake in Teradyne by 14.6% during the first quarter. Wahed Invest LLC now owns 3,011 shares of the company's stock valued at $340,000 after purchasing an additional 384 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of Teradyne by 146.3% during the first quarter. Tidal Investments LLC now owns 11,591 shares of the company's stock worth $1,307,000 after purchasing an additional 6,885 shares during the period. 99.77% of the stock is currently owned by institutional investors.

About Teradyne

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.