Teradyne (NASDAQ:TER) Price Target Raised to $100.00

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Teradyne (NASDAQ:TER - Get Free Report) had its price objective raised by analysts at Stifel Nicolaus from $85.00 to $100.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "hold" rating on the stock. Stifel Nicolaus' price objective would indicate a potential downside of 8.73% from the company's previous close.

A number of other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $102.00 price objective (up from $88.00) on shares of Teradyne in a report on Thursday, July 17th. Cowen reaffirmed a "buy" rating on shares of Teradyne in a research report on Wednesday. UBS Group reaffirmed a "buy" rating and set a $130.00 target price (up from $120.00) on shares of Teradyne in a research report on Thursday. Susquehanna decreased their target price on Teradyne from $155.00 to $133.00 and set a "positive" rating for the company in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group reissued a "sell" rating and set a $85.00 target price on shares of Teradyne in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $114.44.

Teradyne Trading Up 1.8%

Teradyne stock traded up $1.92 during mid-day trading on Thursday, reaching $109.57. The company had a trading volume of 4,146,532 shares, compared to its average volume of 3,435,649. Teradyne has a fifty-two week low of $65.77 and a fifty-two week high of $144.16. The company has a market cap of $17.58 billion, a P/E ratio of 37.90, a P/E/G ratio of 4.01 and a beta of 1.70. The business has a fifty day simple moving average of $88.58 and a 200 day simple moving average of $93.47.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. The company had revenue of $651.80 million for the quarter, compared to analyst estimates of $649.02 million. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. The company's quarterly revenue was down 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 EPS. Research analysts forecast that Teradyne will post 3.88 EPS for the current year.

Teradyne announced that its board has authorized a share buyback program on Monday, April 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 8.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Institutional Trading of Teradyne

A number of large investors have recently modified their holdings of the company. Asset Management One Co. Ltd. lifted its holdings in Teradyne by 3.0% in the second quarter. Asset Management One Co. Ltd. now owns 70,657 shares of the company's stock worth $6,353,000 after purchasing an additional 2,045 shares during the period. FNY Investment Advisers LLC lifted its holdings in shares of Teradyne by 167.4% during the second quarter. FNY Investment Advisers LLC now owns 5,263 shares of the company's stock valued at $473,000 after purchasing an additional 3,295 shares during the last quarter. Whittier Trust Co. lifted its stake in Teradyne by 48.0% in the 2nd quarter. Whittier Trust Co. now owns 987 shares of the company's stock worth $89,000 after acquiring an additional 320 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in Teradyne by 42.4% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 5,209 shares of the company's stock worth $485,000 after acquiring an additional 1,552 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Teradyne in the second quarter valued at about $1,906,000. Institutional investors and hedge funds 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.

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