Teradyne (NASDAQ:TER) Price Target Raised to $390.00 at Stifel Nicolaus

Key Points

• Stifel Nicolaus raised its price target on Teradyne to $390 (from $325) and kept a buy rating, though that target is roughly 3% below the current share price and analyst views are mixed with a consensus target of $328.87.
• Teradyne beat estimates in its latest quarter—EPS $1.80 vs. $1.36 and revenue $1.08B (up 43.9%)—and trades near its 52‑week high, but carries a high valuation (P/E ≈115.5) despite strong fundamentals.

Teradyne (NASDAQ:TER - Get Free Report) had its price objective upped by investment analysts at Stifel Nicolaus from $325.00 to $390.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' price objective would indicate a potential downside of 2.99% from the company's current price.

A number of other brokerages have also weighed in on TER. Evercore restated an "outperform" rating and issued a $430.00 target price on shares of Teradyne in a research note on Monday. Vertical Research lowered Teradyne from a "buy" rating to a "hold" rating and set a $220.00 target price on the stock. in a research note on Friday, January 9th. Northland Securities restated a "market perform" rating and issued a $270.00 target price on shares of Teradyne in a research note on Wednesday, February 4th. Weiss Ratings restated a "hold (c)" rating on shares of Teradyne in a research note on Tuesday, April 21st. Finally, Wall Street Zen upgraded Teradyne from a "hold" rating to a "buy" rating in a research note on Saturday, February 21st. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $328.87.

Teradyne Stock Performance

NASDAQ:TER opened at $402.01 on Tuesday. Teradyne has a 52-week low of $71.27 and a 52-week high of $422.11. The firm has a market cap of $62.94 billion, a price-to-earnings ratio of 115.52, a PEG ratio of 2.46 and a beta of 1.79. The business's fifty day moving average is $327.21 and its 200 day moving average is $246.20.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.44. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The company 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 company posted $0.95 EPS. The firm's revenue for the quarter was up 43.9% compared to the same quarter last year. Equities analysts predict that Teradyne will post 6.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Teradyne

Large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in Teradyne during the 4th quarter valued at about $28,000. SJS Investment Consulting Inc. boosted its holdings in Teradyne by 192.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 164 shares of the company's stock valued at $49,000 after acquiring an additional 108 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Teradyne during the 4th quarter valued at about $37,000. True Wealth Design LLC boosted its holdings in Teradyne by 49.6% during the 4th quarter. True Wealth Design LLC now owns 211 shares of the company's stock valued at $41,000 after acquiring an additional 70 shares during the period. Finally, University of Texas Texas AM Investment Management Co. purchased a new stake in Teradyne during the 4th quarter valued at about $41,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Company Profile

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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