Teradyne (NASDAQ:TER) Given New $415.00 Price Target at Susquehanna

Key Points

• Susquehanna raised its price target on Teradyne to $415 (from $335) and maintained a "positive" rating, implying roughly a 13.6% upside from the prior close.
• Teradyne beat expectations for the quarter with EPS of $1.80 (vs. $1.36 est.) and revenue of $1.08B, a 43.9% year-over-year increase.
• Shares traded around $365.47 with a market cap of about $57.2B and a P/E near 105, while analysts hold a "Moderate Buy" consensus and an average price target of $289.53, indicating mixed analyst valuations.

Teradyne (NASDAQ:TER - Get Free Report) had its price objective boosted by equities research analysts at Susquehanna from $335.00 to $415.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "positive" rating on the stock. Susquehanna's price target would indicate a potential upside of 13.55% from the stock's previous close.

Several other research analysts have also recently weighed in on TER. Citigroup boosted their target price on Teradyne from $215.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, February 4th. Vertical Research cut Teradyne from a "buy" rating to a "hold" rating and set a $220.00 price target for the company. in a report on Friday, January 9th. Morgan Stanley set a $306.00 price objective on Teradyne in a research report on Wednesday, February 11th. Wall Street Zen raised Teradyne from a "hold" rating to a "buy" rating in a research note on Saturday, February 21st. Finally, Northland Securities restated a "market perform" rating and issued a $270.00 target price on shares of Teradyne in a report on Wednesday, February 4th. One 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 stock. According to MarketBeat.com, Teradyne currently has an average rating of "Moderate Buy" and a consensus price target of $289.53.

Teradyne Stock Performance

Shares of NASDAQ TER traded up $7.18 during mid-day trading on Thursday, reaching $365.47. The company's stock had a trading volume of 954,479 shares, compared to its average volume of 3,409,043. The stock has a 50-day moving average of $303.25 and a two-hundred day moving average of $223.59. The stock has a market capitalization of $57.22 billion, a P/E ratio of 104.89, a P/E/G ratio of 1.92 and a beta of 1.79. Teradyne has a 1-year low of $68.24 and a 1-year high of $369.64.

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

Hedge Funds Weigh In On Teradyne

Several large investors have recently modified their holdings of TER. Caitong International Asset Management Co. Ltd purchased a new position in shares of Teradyne during the 4th quarter worth $28,000. Root Financial Partners LLC purchased a new stake in Teradyne in the 3rd quarter valued at about $31,000. Davidson Capital Management Inc. acquired a new position in Teradyne in the third quarter valued at about $31,000. CYBER HORNET ETFs LLC acquired a new position in Teradyne in the second quarter valued at about $35,000. Finally, Hemington Wealth Management boosted its stake in Teradyne by 43.2% during the third quarter. Hemington Wealth Management now owns 262 shares of the company's stock worth $36,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 99.77% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.