Teradyne (NASDAQ:TER) Given a $105.00 Price Target at Cantor Fitzgerald

Teradyne (NASDAQ:TER - Get Free Report) has been assigned a $105.00 target price by Cantor Fitzgerald in a report released on Tuesday, MarketBeat Ratings reports. The brokerage currently has an "overweight" rating on the stock. Cantor Fitzgerald's price target suggests a potential upside of 16.73% from the stock's previous close.

Other equities research analysts have also recently issued reports about the stock. UBS Group set a $130.00 price objective on shares of Teradyne and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Morgan Stanley dropped their target price on Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. Vertical Research assumed coverage on Teradyne in a research note on Friday, March 7th. They set a "buy" rating and a $135.00 price objective on the stock. Susquehanna cut 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. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $114.33.

Teradyne Price Performance

Shares of TER traded down $1.10 during mid-day trading on Tuesday, hitting $89.95. 1,180,077 shares of the company's stock were exchanged, compared to its average volume of 2,675,755. Teradyne has a 52 week low of $65.77 and a 52 week high of $163.21. The company has a 50-day simple moving average of $80.81 and a 200 day simple moving average of $99.28. The company has a market cap of $14.43 billion, a PE ratio of 25.34, a P/E/G ratio of 3.94 and a beta of 1.69.

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

Teradyne declared that its board has authorized a stock buyback program on Monday, April 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 8.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Teradyne

Large investors have recently bought and sold shares of the business. Strs Ohio bought a new stake in shares of Teradyne in the first quarter worth approximately $795,000. Acadian Asset Management LLC purchased a new stake in Teradyne in the first quarter worth approximately $2,398,000. Focus Partners Wealth grew its position in Teradyne by 12.0% in the 1st quarter. Focus Partners Wealth now owns 44,766 shares of the company's stock worth $3,698,000 after purchasing an additional 4,780 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Teradyne by 5.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,337,312 shares of the company's stock worth $110,462,000 after purchasing an additional 63,670 shares during the period. Finally, Woodline Partners LP raised its stake in Teradyne by 27,928.3% during the 1st quarter. Woodline Partners LP now owns 609,896 shares of the company's stock valued at $50,377,000 after buying an additional 607,720 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

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.