Citigroup Inc. Boosts Teradyne, Inc. (TER) Price Target to $48.00

Teradyne, Inc. (NYSE:TER) had its price target hoisted by analysts at Citigroup Inc. from $43.00 to $48.00 in a research report issued to clients and investors on Monday, October 30th. The firm currently has a “buy” rating on the semiconductor company’s stock. Citigroup Inc.’s price objective suggests a potential upside of 10.73% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Tuesday, September 19th. BidaskClub cut shares of Teradyne from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. KeyCorp reaffirmed a “buy” rating and set a $40.00 price objective on shares of Teradyne in a research report on Tuesday, September 5th. Credit Suisse Group AG lifted their price objective on shares of Teradyne from $36.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Finally, Stifel Nicolaus raised shares of Teradyne from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $32.00 to $39.00 in a research report on Wednesday, July 5th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $40.17.

Teradyne (NYSE TER) opened at $43.35 on Monday. The firm has a market cap of $8,572.09, a PE ratio of 19.86, a P/E/G ratio of 1.64 and a beta of 1.04. Teradyne has a 12 month low of $23.39 and a 12 month high of $44.33. The company has a quick ratio of 4.67, a current ratio of 4.96 and a debt-to-equity ratio of 0.17.

Teradyne (NYSE:TER) last announced its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.11. The business had revenue of $503.40 million during the quarter, compared to the consensus estimate of $472.86 million. Teradyne had a net margin of 21.11% and a return on equity of 22.39%. The business’s revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 EPS. equities analysts anticipate that Teradyne will post 2.22 earnings per share for the current fiscal year.

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In related news, Director Michael A. Bradley sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $42.85, for a total transaction of $428,500.00. Following the transaction, the director now owns 134,132 shares of the company’s stock, valued at $5,747,556.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark E. Jagiela sold 80,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $43.55, for a total transaction of $3,484,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 216,012 shares of company stock worth $8,622,429. 0.62% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. MML Investors Services LLC increased its position in Teradyne by 0.8% during the second quarter. MML Investors Services LLC now owns 24,382 shares of the semiconductor company’s stock worth $732,000 after purchasing an additional 188 shares during the last quarter. IFP Advisors Inc increased its position in shares of Teradyne by 4.6% in the second quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock worth $144,000 after acquiring an additional 211 shares in the last quarter. People s United Financial Inc. increased its position in shares of Teradyne by 1.8% in the second quarter. People s United Financial Inc. now owns 18,148 shares of the semiconductor company’s stock worth $545,000 after acquiring an additional 316 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Teradyne by 6.7% in the first quarter. PNC Financial Services Group Inc. now owns 7,207 shares of the semiconductor company’s stock worth $224,000 after acquiring an additional 454 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its position in shares of Teradyne by 1.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 35,078 shares of the semiconductor company’s stock worth $691,000 after acquiring an additional 559 shares in the last quarter. 90.65% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Company Profile

Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.

Analyst Recommendations for Teradyne (NYSE:TER)

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