Wall Street Zen Downgrades Teradyne (NASDAQ:TER) to Hold

Teradyne (NASDAQ:TER) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $465.00 target price on shares of Teradyne in a research note on Tuesday, July 28th. Weiss Ratings lowered Teradyne from a “buy (b)” rating to a “hold (c+)” rating in a report on Thursday, September 3rd. Bank of America lifted their price objective on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Cantor Fitzgerald restated an “overweight” rating and issued a $550.00 target price on shares of Teradyne in a research note on Wednesday, July 29th. Finally, Susquehanna upped their target price on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and a consensus target price of $396.80.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $379.72 on Friday. The company’s fifty day moving average is $365.59 and its two-hundred day moving average is $360.34. The company has a market cap of $59.37 billion, a P/E ratio of 52.09, a price-to-earnings-growth ratio of 0.77 and a beta of 1.78. Teradyne has a 12-month low of $109.56 and a 12-month high of $487.91.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.38. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The business’s revenue for the quarter was up 103.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 EPS. Equities research analysts anticipate that Teradyne will post 9.1 earnings per share for the current year.

Insider Activity at Teradyne

In related news, CEO Gregory Smith sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the transaction, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Carolina Wealth Advisors LLC raised its stake in Teradyne by 42.5% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company’s stock worth $55,000 after buying an additional 34 shares during the period. Vestor Capital LLC grew its stake in Teradyne by 15.4% in the first quarter. Vestor Capital LLC now owns 285 shares of the company’s stock valued at $85,000 after acquiring an additional 38 shares during the period. UMB Bank n.a. grew its stake in Teradyne by 1.8% in the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock valued at $444,000 after acquiring an additional 40 shares during the period. Ashton Thomas Private Wealth LLC increased its holdings in shares of Teradyne by 5.8% during the second quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company’s stock valued at $352,000 after acquiring an additional 40 shares in the last quarter. Finally, Stephens Inc. AR raised its position in shares of Teradyne by 1.2% during the fourth quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock worth $645,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Company Profile

Teradyne, Inc (NASDAQ: TER) develops and supplies automated test equipment and industrial automation solutions. Its testing products are used by semiconductor, electronics, wireless, storage and other manufacturers to evaluate the performance and quality of components, devices and systems during production.

The company’s semiconductor test business provides systems for testing logic, memory, analog and mixed-signal devices, along with related handlers and software. Teradyne also offers system and product test solutions for electronic equipment and wireless devices.