Teradyne (NASDAQ:TER) Price Target Raised to $105.00

Teradyne (NASDAQ:TER - Get Free Report) had its price target boosted by equities research analysts at Cantor Fitzgerald from $90.00 to $105.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Cantor Fitzgerald's price target points to a potential upside of 20.19% from the stock's current price.

Several other brokerages also recently issued reports on TER. KeyCorp reissued a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. Morgan Stanley lowered their target price on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. Stifel Nicolaus cut their target price on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research note on Wednesday, March 12th. TD Cowen reduced their price target on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Finally, Bank of America dropped their price objective on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Teradyne has a consensus rating of "Moderate Buy" and a consensus price target of $114.33.

Teradyne Stock Performance

Shares of Teradyne stock opened at $87.36 on Tuesday. The stock has a market cap of $14.01 billion, a P/E ratio of 24.68, a P/E/G ratio of 3.77 and a beta of 1.69. The stock's fifty day moving average is $79.71 and its 200 day moving average is $99.60. Teradyne has a one year low of $65.77 and a one year high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $680.54 million. During the same period in the prior year, the company posted $0.51 earnings per share. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. Analysts predict that Teradyne will post 3.88 EPS for the current year.

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

Institutional Investors Weigh In On Teradyne

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Teradyne by 2.5% in the first quarter. Vanguard Group Inc. now owns 20,922,231 shares of the company's stock valued at $1,728,176,000 after acquiring an additional 516,332 shares in the last quarter. Ameriprise Financial Inc. increased its position in Teradyne by 28.3% during the 4th quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock valued at $608,025,000 after purchasing an additional 1,065,474 shares during the period. Geode Capital Management LLC raised its holdings in shares of Teradyne by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company's stock valued at $515,665,000 after purchasing an additional 94,374 shares in the last quarter. Aspex Management HK Ltd lifted its position in shares of Teradyne by 35.5% in the 4th quarter. Aspex Management HK Ltd now owns 3,234,842 shares of the company's stock worth $407,331,000 after purchasing an additional 847,409 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Teradyne by 4.6% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,957,049 shares of the company's stock valued at $244,252,000 after purchasing an additional 131,152 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

About Teradyne

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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