Northland Securities Trims Teradyne (NYSE:TER) Target Price to $85.00

Teradyne (NYSE:TERGet Rating) had its target price lowered by equities researchers at Northland Securities from $90.00 to $85.00 in a research report issued on Thursday, Stock Target Advisor reports. Northland Securities’ price target would indicate a potential downside of 11.83% from the company’s previous close.

Separately, StockNews.com assumed coverage on shares of Teradyne in a research note on Thursday, March 31st. They set a “hold” rating on the stock. One research analyst has rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and a consensus price target of $110.60.

Teradyne Stock Performance

TER traded down $1.53 during trading on Thursday, hitting $96.41. 60,430 shares of the company traded hands, compared to its average volume of 1,913,364. Teradyne has a one year low of $82.97 and a one year high of $168.91. The firm’s fifty day moving average price is $96.93.

Teradyne (NYSE:TERGet Rating) last issued its earnings results on Tuesday, April 26th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.11. The business had revenue of $755.37 million for the quarter, compared to the consensus estimate of $742.26 million.

About Teradyne

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Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.

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