The Goldman Sachs Group Forecasts Strong Price Appreciation for Teradyne (NASDAQ:TER) Stock

Key Points

• Goldman Sachs Group raised Teradyne's target price to $130.00, although they maintain a "sell" rating, indicating a potential downside of about 9.84% from the current price.
• In addition to Goldman Sachs, several analysts have given Teradyne a variety of ratings, with a collective average rating of "Moderate Buy" and an average price target of $121.27.
• Teradyne reported earnings of $0.57 EPS for the last quarter, surpassing expectations, but saw a revenue decline of 10.7% year-over-year, leading to a forecasted EPS range of 0.690-0.870 for the upcoming quarter.

Teradyne (NASDAQ:TER - Get Free Report) had its target price hoisted by stock analysts at The Goldman Sachs Group from $85.00 to $130.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a "sell" rating on the stock. The Goldman Sachs Group's price target suggests a potential downside of 9.84% from the company's current price.

A number of other equities research analysts have also recently issued reports on the stock. UBS Group reissued a "buy" rating and set a $130.00 target price (up previously from $120.00) on shares of Teradyne in a report on Thursday, July 31st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $102.00 price target (up previously from $88.00) on shares of Teradyne in a report on Thursday, July 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Teradyne in a report on Wednesday. Wall Street Zen raised shares of Teradyne from a "sell" rating to a "hold" rating in a report on Monday, September 1st. Finally, Morgan Stanley raised shares of Teradyne from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $74.00 to $100.00 in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $121.27.

Teradyne Stock Performance

TER stock traded down $0.42 during midday trading on Thursday, reaching $144.18. 1,019,351 shares of the company's stock traded hands, compared to its average volume of 3,536,046. The company has a 50-day moving average price of $120.09 and a two-hundred day moving average price of $96.01. Teradyne has a 52 week low of $65.77 and a 52 week high of $150.71. The firm has a market capitalization of $22.94 billion, a PE ratio of 49.88, a price-to-earnings-growth ratio of 2.95 and a beta of 1.82.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. The business had revenue of $651.80 million for the quarter, compared to analysts' expectations of $649.02 million. During the same quarter in the previous year, the firm posted $0.86 EPS. The business's revenue for the quarter was down 10.7% compared to the same quarter last year. Teradyne has set its Q3 2025 guidance at 0.690-0.870 EPS. As a group, analysts predict that Teradyne will post 3.88 EPS for the current fiscal year.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 554 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $126.39, for a total transaction of $70,020.06. Following the completion of the sale, the chief executive officer directly owned 95,885 shares in the company, valued at approximately $12,118,905.15. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 2,216 shares of company stock worth $251,028 in the last ninety days. Corporate insiders own 0.16% of the company's stock.

Hedge Funds Weigh In On Teradyne

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Teradyne by 2.5% during the first quarter. Vanguard Group Inc. now owns 20,922,231 shares of the company's stock valued at $1,728,176,000 after purchasing an additional 516,332 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Teradyne by 3.0% during the second quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company's stock valued at $442,413,000 after acquiring an additional 143,058 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Teradyne by 79.7% during the second quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company's stock valued at $340,353,000 after acquiring an additional 1,679,215 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Teradyne by 26.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,118,297 shares of the company's stock worth $286,634,000 after purchasing an additional 652,175 shares during the period. Finally, Primecap Management Co. CA grew its position in Teradyne by 58.6% in the 2nd quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company's stock worth $274,036,000 after purchasing an additional 1,125,868 shares during the period. Institutional investors 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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