Teradyne (NASDAQ:TER) Given New $332.00 Price Target at Robert W. Baird

Key Points

• Robert W. Baird raised its price target on Teradyne to $332 (from $305) and maintained an "outperform" rating, implying about a 12.3% upside; several other firms also lifted targets while the consensus sits at $275.53 with a majority of analysts rating the stock a Buy.
• Teradyne beat expectations for the quarter with $1.80 EPS versus $1.36 est. and revenue of $1.08 billion versus $970.4 million est., a 43.9% year-over-year revenue increase.
• The stock opened around $295.61 with a market cap of $46.28 billion, a 1‑year range of $65.77–$344.92, and roughly 99.77% institutional ownership.

Teradyne (NASDAQ:TER - Get Free Report) had its price target boosted by equities research analysts at Robert W. Baird from $305.00 to $332.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's price target suggests a potential upside of 12.31% from the company's previous close.

A number of other equities analysts have also weighed in on the stock. Citigroup boosted their price objective on shares of Teradyne from $215.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, February 4th. Evercore increased their price target on shares of Teradyne from $200.00 to $280.00 and gave the stock an "outperform" rating in a research report on Monday, February 2nd. Vertical Research downgraded Teradyne from a "buy" rating to a "hold" rating and set a $220.00 target price on the stock. in a research report on Friday, January 9th. Northland Securities reaffirmed a "market perform" rating and issued a $270.00 price objective on shares of Teradyne in a research note on Wednesday, February 4th. Finally, Susquehanna reissued a "positive" rating and issued a $335.00 target price on shares of Teradyne in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $275.53.

Teradyne Price Performance

NASDAQ:TER opened at $295.61 on Monday. The company has a market capitalization of $46.28 billion, a P/E ratio of 84.95, a P/E/G ratio of 1.83 and a beta of 1.76. The business has a fifty day simple moving average of $290.55 and a two-hundred day simple moving average of $213.26. Teradyne has a 1 year low of $65.77 and a 1 year high of $344.92.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.36 by $0.44. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $970.44 million. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. Teradyne's revenue for the quarter was up 43.9% on a year-over-year basis. During the same period last year, the firm earned $0.95 EPS. As a group, analysts anticipate that Teradyne will post 3.88 earnings per share for the current year.

Hedge Funds Weigh In On Teradyne

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Teradyne by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company's stock valued at $2,947,935,000 after buying an additional 444,940 shares in the last quarter. State Street Corp raised its holdings in Teradyne by 0.9% in the fourth quarter. State Street Corp now owns 7,078,635 shares of the company's stock valued at $1,370,141,000 after acquiring an additional 60,986 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Teradyne by 6.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,256,857 shares of the company's stock worth $723,600,000 after acquiring an additional 336,757 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Teradyne by 18.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company's stock valued at $813,640,000 after purchasing an additional 659,273 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of Teradyne by 79.7% in the 2nd quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company's stock valued at $340,353,000 after acquiring an additional 1,679,215 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other 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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