Teradyne (NASDAQ:TER) Price Target Raised to $118.00 at The Goldman Sachs Group

Teradyne (NASDAQ:TER) had its price objective increased by analysts at The Goldman Sachs Group from $107.00 to $118.00 in a report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 3.07% from the company’s previous close.

TER has been the subject of several other reports. JPMorgan Chase & Co. raised their target price on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Evercore ISI began coverage on shares of Teradyne in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price objective for the company. Robert W. Baird boosted their target price on shares of Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday. Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a report on Thursday. Finally, Susquehanna lifted their price target on Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a report on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $115.69.

Teradyne Stock Performance

Shares of NASDAQ TER traded up $5.58 during trading on Friday, hitting $114.49. The company had a trading volume of 3,172,704 shares, compared to its average volume of 1,898,849. Teradyne has a 52 week low of $81.07 and a 52 week high of $119.20. The business’s 50-day moving average is $105.38 and its 200 day moving average is $100.43. The company has a market cap of $17.51 billion, a P/E ratio of 43.34 and a beta of 1.56.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a return on equity of 19.06% and a net margin of 16.15%. The company had revenue of $599.82 million for the quarter, compared to analyst estimates of $566.31 million. During the same period in the previous year, the firm earned $0.55 earnings per share. Teradyne’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, research analysts expect that Teradyne will post 2.82 EPS for the current year.

Insiders Place Their Bets

In other Teradyne news, Director Ernest E. Maddock bought 1,000 shares of the stock in a transaction on Thursday, February 1st. The shares were purchased at an average cost of $94.07 per share, with a total value of $94,070.00. Following the completion of the transaction, the director now directly owns 4,728 shares of the company’s stock, valued at approximately $444,762.96. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Ernest E. Maddock bought 1,000 shares of Teradyne stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the acquisition, the director now owns 4,728 shares in the company, valued at $444,762.96. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Richard John Burns sold 1,744 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $104.89, for a total value of $182,928.16. Following the sale, the insider now directly owns 16,734 shares of the company’s stock, valued at approximately $1,755,229.26. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Mitchell & Pahl Private Wealth LLC grew its holdings in Teradyne by 3.2% in the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 7,165 shares of the company’s stock valued at $808,000 after buying an additional 219 shares during the last quarter. Simplicity Wealth LLC bought a new stake in shares of Teradyne in the first quarter valued at approximately $962,000. Bfsg LLC acquired a new stake in shares of Teradyne in the first quarter worth $34,000. United Asset Strategies Inc. increased its position in Teradyne by 0.6% during the first quarter. United Asset Strategies Inc. now owns 127,935 shares of the company’s stock worth $14,435,000 after acquiring an additional 761 shares during the period. Finally, Fifth Third Bancorp raised its stake in Teradyne by 4.4% during the 1st quarter. Fifth Third Bancorp now owns 11,035 shares of the company’s stock valued at $1,245,000 after purchasing an additional 461 shares during the last quarter. 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.