Credit Suisse Group Raises Teradyne (NYSE:TER) Price Target to $62.00

Teradyne (NYSE:TER) had its target price upped by equities research analysts at Credit Suisse Group from $55.00 to $62.00 in a report issued on Thursday, The Fly reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. Credit Suisse Group’s price objective would indicate a potential downside of 2.07% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Stifel Nicolaus cut shares of Teradyne from a “buy” rating to a “hold” rating and boosted their target price for the company from $52.00 to $53.00 in a research report on Thursday, July 25th. Northland Securities reissued a “hold” rating on shares of Teradyne in a research report on Monday, July 22nd. Cowen boosted their target price on shares of Teradyne from $60.00 to $64.00 and gave the company a “market perform” rating in a research report on Thursday. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Saturday, September 7th. Finally, UBS Group boosted their target price on shares of Teradyne from $47.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Teradyne has a consensus rating of “Hold” and an average price target of $57.00.

Shares of Teradyne stock opened at $63.31 on Thursday. The firm has a 50-day moving average of $58.62 and a 200-day moving average of $50.58. The stock has a market cap of $10.15 billion, a PE ratio of 27.06, 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. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.76 and a current ratio of 4.10.

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

In related news, Director Michael A. Bradley sold 17,115 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $57.37, for a total value of $981,887.55. Following the completion of the transaction, the director now owns 61,742 shares of the company’s stock, valued at $3,542,138.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.49% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. boosted its holdings in Teradyne by 0.4% in the second quarter. Baillie Gifford & Co. now owns 8,613,157 shares of the semiconductor company’s stock valued at $412,656,000 after acquiring an additional 36,924 shares during the last quarter. Renaissance Technologies LLC raised its position in Teradyne by 24.0% in the 2nd quarter. Renaissance Technologies LLC now owns 5,084,800 shares of the semiconductor company’s stock valued at $243,613,000 after buying an additional 985,600 shares during the last quarter. Waddell & Reed Financial Inc. raised its position in Teradyne by 10.5% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 2,839,961 shares of the semiconductor company’s stock valued at $136,063,000 after buying an additional 270,238 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Teradyne by 7.2% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,533,125 shares of the semiconductor company’s stock valued at $121,362,000 after buying an additional 170,651 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in Teradyne by 2.1% in the 2nd quarter. Macquarie Group Ltd. now owns 2,384,512 shares of the semiconductor company’s stock valued at $114,242,000 after buying 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.

Further Reading: Net Income

The Fly

Analyst Recommendations for Teradyne (NYSE:TER)

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