Teradyne (NASDAQ:TER) Price Target Raised to $415.00 at Susquehanna

Teradyne (NASDAQ:TER) had its price objective increased by Susquehanna from $335.00 to $415.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s target price indicates a potential upside of 13.55% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. The Goldman Sachs Group lifted their price objective on shares of Teradyne from $230.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Teradyne in a report on Thursday, January 22nd. Robert W. Baird raised their price target on shares of Teradyne from $305.00 to $332.00 and gave the company an “outperform” rating in a research report on Monday, March 30th. Wall Street Zen raised Teradyne from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Cantor Fitzgerald increased their price objective on Teradyne from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $289.53.

Teradyne Trading Up 2.0%

Teradyne stock traded up $7.18 during midday trading on Thursday, reaching $365.47. 954,479 shares of the stock traded hands, compared to its average volume of 3,409,043. The company has a 50-day simple moving average of $303.25 and a two-hundred day simple moving average of $223.59. Teradyne has a 12-month low of $68.24 and a 12-month high of $369.64. The firm has a market cap of $57.22 billion, a PE ratio of 104.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.79.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $970.44 million. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The business’s revenue for the quarter was up 43.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 earnings per share. Equities research analysts anticipate that Teradyne will post 3.88 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Teradyne in the 4th quarter valued at $28,000. Root Financial Partners LLC acquired a new position in shares of Teradyne during the third quarter worth $31,000. Davidson Capital Management Inc. purchased a new position in Teradyne in the third quarter valued at $31,000. CYBER HORNET ETFs LLC purchased a new position in Teradyne in the second quarter valued at $35,000. Finally, Hemington Wealth Management raised its stake in Teradyne by 43.2% in the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after buying an additional 79 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

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.