Teradyne (NASDAQ:TER) Coverage Initiated at The Goldman Sachs Group

Equities research analysts at The Goldman Sachs Group started coverage on shares of Teradyne (NASDAQ:TER) in a research report issued on Thursday,Benzinga reports. The brokerage set a “sell” rating and a $80.00 price target on the stock. The Goldman Sachs Group’s price objective would suggest a potential downside of 13.77% from the stock’s current price.

A number of other equities research analysts have also recently commented on TER. Bank of America lowered their target price on Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 12th. TD Cowen dropped their price objective on Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Robert W. Baird dropped their price objective on Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Morgan Stanley upped their price objective on Teradyne from $68.00 to $74.00 and gave the company an “underweight” rating in a research note on Wednesday. Finally, KeyCorp reiterated a “sector weight” rating on shares of Teradyne in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $112.50.

Teradyne Trading Up 0.6%

NASDAQ:TER opened at $92.78 on Thursday. The stock has a market capitalization of $14.88 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 4.03 and a beta of 1.70. The firm has a fifty day simple moving average of $84.05 and a two-hundred day simple moving average of $97.30. Teradyne has a 12 month low of $65.77 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Monday, April 28th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.61 by $0.14. The firm had revenue of $685.70 million during the quarter, compared to the consensus estimate of $680.54 million. Teradyne had a return on equity of 20.06% and a net margin of 19.86%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 earnings per share. Equities analysts predict that Teradyne will post 3.88 earnings per share for the current fiscal year.

Teradyne announced that its Board of Directors has authorized a share buyback program on Monday, April 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 8.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Teradyne

Several institutional investors and hedge funds have recently modified their holdings of TER. Berbice Capital Management LLC lifted its stake in Teradyne by 200.0% during the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the company’s stock valued at $25,000 after acquiring an additional 200 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in shares of Teradyne in the 4th quarter worth $34,000. Manchester Capital Management LLC boosted its stake in shares of Teradyne by 44.7% in the 1st quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock worth $37,000 after buying an additional 140 shares during the last quarter. AllSquare Wealth Management LLC grew its position in Teradyne by 200.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock valued at $38,000 after buying an additional 200 shares during the period. Finally, Brooklyn Investment Group grew its position in Teradyne by 189.9% during the first quarter. Brooklyn Investment Group now owns 461 shares of the company’s stock valued at $38,000 after buying an additional 302 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.