Teradyne (NASDAQ:TER) Given New $120.00 Price Target at UBS Group

Teradyne (NASDAQ:TER - Get Free Report) had its price objective boosted by analysts at UBS Group from $110.00 to $120.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's target price points to a potential upside of 24.34% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the company. The Goldman Sachs Group initiated coverage on Teradyne in a research note on Thursday, July 10th. They set a "sell" rating and a $80.00 price objective on the stock. KeyCorp restated a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered shares of Teradyne from an "overweight" rating to a "neutral" rating and raised their price target for the stock from $88.00 to $102.00 in a research report on Thursday. Cantor Fitzgerald set a $105.00 target price on shares of Teradyne and gave the company an "overweight" rating in a report on Tuesday, June 24th. Finally, Susquehanna decreased their price target on shares of Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Teradyne has an average rating of "Hold" and an average price target of $112.50.

Teradyne Stock Up 2.8%

NASDAQ TER traded up $2.59 during trading hours on Monday, hitting $96.51. The company's stock had a trading volume of 611,989 shares, compared to its average volume of 3,279,933. The stock has a fifty day moving average of $86.73 and a 200 day moving average of $95.24. Teradyne has a twelve month low of $65.77 and a twelve month high of $155.18. The firm has a market capitalization of $15.48 billion, a P/E ratio of 27.26, a PEG ratio of 4.10 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Monday, April 28th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.61 by $0.14. Teradyne had a net margin of 19.86% and a return on equity of 20.06%. The firm had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The business's quarterly revenue was up 14.3% on a year-over-year basis. On average, analysts predict that Teradyne will post 3.88 earnings per share for the current year.

Teradyne declared that its Board of Directors has initiated a stock buyback plan on Monday, April 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 8.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Hedge Funds Weigh In On Teradyne

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Berbice Capital Management LLC increased its holdings in Teradyne by 200.0% in the first quarter. Berbice Capital Management LLC now owns 300 shares of the company's stock valued at $25,000 after buying an additional 200 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Teradyne in the fourth quarter valued at $34,000. Manchester Capital Management LLC lifted its position in shares of Teradyne by 44.7% during the 1st quarter. Manchester Capital Management LLC now owns 453 shares of the company's stock valued at $37,000 after buying an additional 140 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Teradyne by 189.9% during the 1st quarter. Brooklyn Investment Group now owns 461 shares of the company's stock valued at $38,000 after buying an additional 302 shares in the last quarter. Finally, Steph & Co. purchased a new position in shares of Teradyne during the 2nd quarter valued at approximately $43,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.