Teradyne (NASDAQ:TER) Raised to “Hold” at StockNews.com

Teradyne (NASDAQ:TER) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Sunday.

Other equities analysts have also recently issued research reports about the stock. Craig Hallum dropped their price objective on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday. Stifel Nicolaus dropped their price target on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research report on Friday. KeyCorp lifted their price objective on Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price for the company in a report on Friday, August 16th. Finally, Susquehanna raised their target price on Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $138.71.

Teradyne Stock Up 0.9 %

Shares of TER opened at $111.75 on Friday. The stock’s 50-day moving average price is $129.41 and its 200 day moving average price is $131.87. The firm has a market capitalization of $17.45 billion, a price-to-earnings ratio of 42.49, a P/E/G ratio of 2.57 and a beta of 1.49. Teradyne has a 12-month low of $81.07 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The business had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. Teradyne’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 earnings per share. Equities research analysts expect that Teradyne will post 3.02 EPS for the current year.

Insider Buying and Selling

In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction of $80,481.25. Following the sale, the director now directly owns 17,143 shares of the company’s stock, valued at $2,207,504.11. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the sale, the director now owns 17,143 shares in the company, valued at $2,207,504.11. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the transaction, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,977 shares of company stock worth $1,979,834 in the last 90 days. Corporate insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Teradyne

Institutional investors and hedge funds have recently modified their holdings of the business. Swedbank AB boosted its stake in Teradyne by 198.8% in the second quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after acquiring an additional 426,900 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Teradyne by 17.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock valued at $37,887,000 after purchasing an additional 50,156 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Teradyne by 8.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 188,733 shares of the company’s stock worth $21,295,000 after purchasing an additional 14,272 shares during the last quarter. MBB Public Markets I LLC acquired a new stake in shares of Teradyne during the second quarter worth $1,619,000. Finally, Empowered Funds LLC increased its holdings in Teradyne by 137.6% in the first quarter. Empowered Funds LLC now owns 20,028 shares of the company’s stock valued at $2,260,000 after purchasing an additional 11,599 shares during the last quarter. 99.77% of the stock is 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.