Brokerages Set Teradyne, Inc. (NYSE:TER) Target Price at $60.40

Teradyne, Inc. (NYSE:TER) has received a consensus rating of “Hold” from the thirteen research firms that are covering the firm, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $60.40.

A number of research firms have weighed in on TER. Cowen raised their price target on Teradyne from $60.00 to $64.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. Robert W. Baird raised their price target on Teradyne from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Deutsche Bank raised their price target on Teradyne from $55.00 to $60.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. UBS Group raised their price target on Teradyne from $47.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Finally, DA Davidson raised their price target on Teradyne to $60.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. They noted that the move was a valuation call.

TER stock traded up $0.94 during mid-day trading on Thursday, reaching $63.51. The company had a trading volume of 2,024,851 shares, compared to its average volume of 2,286,867. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.10 and a quick ratio of 3.76. The stock has a 50 day simple moving average of $60.44 and a two-hundred day simple moving average of $51.98. The company has a market capitalization of $10.64 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 2.02 and a beta of 1.25. Teradyne has a 52 week low of $28.73 and a 52 week high of $65.44.

Teradyne (NYSE:TER) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.07. The firm had revenue of $582.04 million during the quarter, compared to the consensus estimate of $565.43 million. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. On average, equities analysts predict that Teradyne will post 2.25 EPS for the current year.

In other news, Director Michael A. Bradley sold 14,148 shares of Teradyne stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $61.92, for a total transaction of $876,044.16. Following the completion of the transaction, the director now directly owns 56,594 shares in the company, valued at approximately $3,504,300.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Walter G. Vahey sold 25,012 shares of Teradyne stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $63.62, for a total value of $1,591,263.44. Following the transaction, the insider now owns 52,754 shares of the company’s stock, valued at $3,356,209.48. The disclosure for this sale can be found here. Insiders have sold a total of 46,234 shares of company stock valued at $2,922,166 over the last quarter. 0.49% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. lifted its holdings in Teradyne by 0.4% during the 2nd quarter. Baillie Gifford & Co. now owns 8,613,157 shares of the semiconductor company’s stock worth $412,656,000 after purchasing an additional 36,924 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Teradyne by 24.0% during the 2nd quarter. Renaissance Technologies LLC now owns 5,084,800 shares of the semiconductor company’s stock worth $243,613,000 after purchasing an additional 985,600 shares during the last quarter. Waddell & Reed Financial Inc. lifted its holdings in Teradyne by 10.5% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 2,839,961 shares of the semiconductor company’s stock worth $136,063,000 after purchasing an additional 270,238 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Teradyne by 7.2% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,533,125 shares of the semiconductor company’s stock worth $121,362,000 after purchasing an additional 170,651 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in Teradyne by 2.1% during the 2nd quarter. Macquarie Group Ltd. now owns 2,384,512 shares of the semiconductor company’s stock worth $114,242,000 after purchasing an additional 48,076 shares during the last quarter.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.

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Analyst Recommendations for Teradyne (NYSE:TER)

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