Evercore ISI Raises Teradyne (NASDAQ:TER) Price Target to $175.00

Teradyne (NASDAQ:TER) had its price objective increased by investment analysts at Evercore ISI from $160.00 to $175.00 in a research report issued on Monday, The Fly reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s price target suggests a potential upside of 38.93% from the stock’s current price.

Several other research firms have also recently commented on TER. Deutsche Bank Aktiengesellschaft upped their price target on Teradyne from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 29th. Credit Suisse Group upped their price target on Teradyne from $125.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, April 29th. Morgan Stanley upped their price target on Teradyne from $138.00 to $148.00 and gave the company an “overweight” rating in a report on Thursday, April 29th. Finally, Rosenblatt Securities upped their price target on Teradyne from $158.00 to $180.00 and gave the company a “buy” rating in a report on Friday, April 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $130.35.

Shares of NASDAQ:TER opened at $125.96 on Monday. The firm’s 50 day simple moving average is $127.11. Teradyne has a twelve month low of $74.07 and a twelve month high of $147.90. The company has a market cap of $20.94 billion, a P/E ratio of 28.63, a price-to-earnings-growth ratio of 1.76 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.26 and a current ratio of 3.64.

Teradyne (NASDAQ:TER) last announced its earnings results on Tuesday, April 27th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.06. Teradyne had a return on equity of 39.86% and a net margin of 25.43%. The firm had revenue of $782.00 million during the quarter, compared to the consensus estimate of $760.43 million. During the same quarter in the prior year, the company earned $1.00 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, research analysts predict that Teradyne will post 5.29 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in Teradyne by 1.6% during the 1st quarter. Geode Capital Management LLC now owns 3,119,796 shares of the company’s stock worth $378,693,000 after acquiring an additional 48,198 shares during the last quarter. ARK Investment Management LLC boosted its position in Teradyne by 1,108.6% in the 1st quarter. ARK Investment Management LLC now owns 2,877,103 shares of the company’s stock valued at $350,086,000 after buying an additional 2,639,056 shares during the last quarter. Vontobel Asset Management Inc. boosted its position in Teradyne by 31.4% in the 1st quarter. Vontobel Asset Management Inc. now owns 2,853,727 shares of the company’s stock valued at $360,200,000 after buying an additional 681,938 shares during the last quarter. Morgan Stanley boosted its position in Teradyne by 81.2% in the 4th quarter. Morgan Stanley now owns 1,729,610 shares of the company’s stock valued at $207,363,000 after buying an additional 775,186 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Teradyne by 6.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,677,873 shares of the company’s stock valued at $201,159,000 after buying an additional 97,008 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Teradyne Company Profile

Teradyne, Inc engages in the development and sale of self automatic test systems. It operates through the following segments: Semiconductor Test, Industrial Automation, System Test, and Wireless Test. The Semiconductor Test segment designs, manufactures, and markets semiconductor test products and services.

See Also: Dividend Reinvestment Plan (DRIP)

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