JPMorgan Chase & Co. Boosts Teradyne (NASDAQ:TER) Price Target to $400.00

Teradyne (NASDAQ:TER) had its price objective upped by JPMorgan Chase & Co. from $315.00 to $400.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 9.37% from the stock’s current price.

TER has been the topic of several other research reports. Citigroup upped their target price on Teradyne from $215.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Zacks Research cut Teradyne from a “strong-buy” rating to a “hold” rating in a report on Monday. UBS Group boosted their price target on Teradyne from $200.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, January 26th. TD Cowen reaffirmed a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group lifted their target price on Teradyne from $230.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and an average price target of $303.53.

Teradyne Trading Up 0.2%

Shares of NASDAQ:TER traded up $0.77 on Thursday, hitting $365.73. The company had a trading volume of 1,216,420 shares, compared to its average volume of 3,385,754. The stock has a market cap of $57.26 billion, a price-to-earnings ratio of 105.09, a P/E/G ratio of 2.21 and a beta of 1.79. The stock has a 50 day moving average price of $314.02 and a 200 day moving average price of $231.71. Teradyne has a 1-year low of $68.24 and a 1-year high of $373.00.

Teradyne (NASDAQ:TER) last announced its earnings results on Tuesday, February 3rd. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.36 by $0.44. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $970.44 million. During the same quarter in the previous year, the firm posted $0.95 EPS. Teradyne’s revenue was up 43.9% compared to the same quarter last year. Sell-side analysts anticipate that Teradyne will post 3.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Teradyne

Large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Teradyne during the 4th quarter worth approximately $28,000. Root Financial Partners LLC bought a new stake in Teradyne during the third quarter worth $31,000. Davidson Capital Management Inc. bought a new stake in Teradyne during the third quarter worth $31,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Teradyne in the 2nd quarter valued at $35,000. Finally, Hemington Wealth Management boosted its holdings in shares of Teradyne by 43.2% in the 3rd quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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.