Teradyne, Inc. (NASDAQ:TER) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Moderate Buy consensus from 16 analysts (10 buy, 6 hold) with an average 1‑year price target of $324.53, while the stock opened at $402.01 — trading well above the analyst average target.
• Teradyne beat quarterly expectations with $1.80 EPS vs. $1.36 expected and $1.08B revenue vs. $970.44M expected, with revenue up 43.9% year‑over‑year and a 17.37% net margin.
• 99.77% institutional ownership — major holders including Vanguard, State Street and Ameriprise increased stakes — and the company has a $62.94B market cap and a P/E of 115.52.

Teradyne, Inc. (NASDAQ:TER - Get Free Report) has received an average recommendation of "Moderate Buy" from the sixteen research firms that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $324.5333.

TER has been the subject of a number of research analyst reports. Bank of America lifted their price objective on shares of Teradyne from $250.00 to $260.00 and gave the stock a "buy" rating in a report on Thursday, January 22nd. 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 report on Friday, January 9th. Royal Bank Of Canada set a $270.00 price objective on shares of Teradyne in a report on Monday, February 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Teradyne from $315.00 to $400.00 and gave the stock a "neutral" rating in a report on Thursday, April 16th. Finally, Robert W. Baird lifted their price objective on shares of Teradyne from $305.00 to $332.00 and gave the stock an "outperform" rating in a report on Monday, March 30th.

Teradyne Price Performance

TER opened at $402.01 on Tuesday. The company has a fifty day moving average price of $327.21 and a 200-day moving average price of $246.20. The firm has a market capitalization of $62.94 billion, a P/E ratio of 115.52, a price-to-earnings-growth ratio of 2.46 and a beta of 1.79. Teradyne has a one year low of $71.27 and a one year high of $422.11.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $1.80 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.44. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $970.44 million. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The business's revenue for the quarter was up 43.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.95 EPS. On average, analysts expect that Teradyne will post 6.22 earnings per share for the current year.

Institutional Trading of Teradyne

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Teradyne by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company's stock worth $2,947,935,000 after acquiring an additional 444,940 shares during the last quarter. State Street Corp lifted its stake in Teradyne by 0.9% in the fourth quarter. State Street Corp now owns 7,078,635 shares of the company's stock worth $1,370,141,000 after purchasing an additional 60,986 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Teradyne by 6.8% in the third quarter. Ameriprise Financial Inc. now owns 5,256,857 shares of the company's stock worth $723,600,000 after purchasing an additional 336,757 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Teradyne by 18.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company's stock worth $813,640,000 after purchasing an additional 659,273 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Teradyne by 11.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,473,173 shares of the company's stock worth $490,134,000 after purchasing an additional 354,876 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

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.

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