Teradyne (NYSE:TER) PT Raised to $63.00

Teradyne (NYSE:TER) had its price target hoisted by equities researchers at UBS Group from $47.00 to $63.00 in a research report issued to clients and investors on Monday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. UBS Group’s price target indicates a potential upside of 6.51% from the company’s previous close.

A number of other research analysts have also recently commented on the stock. Stifel Nicolaus cut shares of Teradyne from a “buy” rating to a “hold” rating and upped their target price for the company from $52.00 to $53.00 in a research report on Thursday, July 25th. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Saturday, September 7th. Northland Securities reissued a “hold” rating on shares of Teradyne in a research report on Monday, July 22nd. Finally, Credit Suisse Group increased their price target on shares of Teradyne from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $49.90.

NYSE TER opened at $59.15 on Monday. The firm’s 50-day moving average is $58.25 and its two-hundred day moving average is $50.40. Teradyne has a 12 month low of $28.73 and a 12 month high of $62.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.10 and a quick ratio of 3.76. The stock has a market capitalization of $10.15 billion, a P/E ratio of 25.28, a PEG ratio of 2.02 and a beta of 1.25.

Teradyne (NYSE:TER) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.04. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The company had revenue of $564.00 million for the quarter, compared to analysts’ expectations of $536.72 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. Teradyne’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, analysts anticipate that Teradyne will post 2.25 EPS for the current year.

In other news, VP Charles Jeffrey Gray sold 6,955 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $57.14, for a total transaction of $397,408.70. Following the sale, the vice president now owns 28,000 shares of the company’s stock, valued at $1,599,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brad Robbins sold 10,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $57.10, for a total transaction of $571,000.00. Following the sale, the insider now directly owns 28,465 shares in the company, valued at approximately $1,625,351.50. The disclosure for this sale can be found here. Insiders have sold 34,570 shares of company stock worth $1,978,796 in the last three months. Corporate insiders own 0.49% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC raised its holdings in Teradyne by 3.2% in the second quarter. Steward Partners Investment Advisory LLC now owns 6,383 shares of the semiconductor company’s stock valued at $305,000 after acquiring an additional 200 shares in the last quarter. Cortina Asset Management LLC raised its holdings in Teradyne by 4.3% in the second quarter. Cortina Asset Management LLC now owns 5,306 shares of the semiconductor company’s stock valued at $254,000 after acquiring an additional 218 shares in the last quarter. Captrust Financial Advisors raised its holdings in Teradyne by 10.3% in the second quarter. Captrust Financial Advisors now owns 2,391 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 224 shares in the last quarter. NEXT Financial Group Inc raised its holdings in Teradyne by 8.9% in the third quarter. NEXT Financial Group Inc now owns 3,552 shares of the semiconductor company’s stock valued at $206,000 after acquiring an additional 291 shares in the last quarter. Finally, Coastal Investment Advisors Inc. raised its holdings in Teradyne by 18.0% in the third quarter. Coastal Investment Advisors Inc. now owns 2,006 shares of the semiconductor company’s stock valued at $116,000 after acquiring an additional 306 shares in 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.

Recommended Story: What are the Benefits of Index Funds?

Analyst Recommendations for Teradyne (NYSE:TER)

Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter.