Analysts’ Recent Ratings Changes for Teradyne (TER)

Several analysts have recently updated their ratings and price targets for Teradyne (NYSE: TER):

  • 5/14/2018 – Teradyne is now covered by analysts at Cowen Inc. They set a “market perform” rating and a $40.00 price target on the stock.
  • 5/8/2018 – Teradyne was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 5/2/2018 – Teradyne was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 4/27/2018 – Teradyne was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Teradyne first quarter results were impacted by weakness in the mobility test market. Also, the company's HDD business remains sluggish due to a slowdown in the PC market. Moreover, the stock has underperformed the industry it belongs to on a 12-month basis. However, a recovery in the core semiconductor business (processors, MCUs and power management) will  boost total revenues. We believe that the company has signficant growth opportunities in the high-growth wireless test market in the long-haul. Additionally, growing memory market exposure, strong product lineup, lean cost structure and strong balance sheet are positives. Given the popularity of its products, the Universal Robots acquisition and the continuous design win momentum; the company is optimistic long-term prospects.”
  • 4/26/2018 – Teradyne had its price target lowered by analysts at Needham & Company LLC to $45.00. They now have a “positive” rating on the stock.
  • 4/26/2018 – Teradyne was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating.
  • 4/26/2018 – Teradyne had its price target lowered by analysts at Credit Suisse Group from $44.00 to $39.00. They now have a “neutral” rating on the stock.
  • 4/26/2018 – Teradyne was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 4/26/2018 – Teradyne had its price target lowered by analysts at Stifel Nicolaus from $54.00 to $51.00. They now have a “buy” rating on the stock.
  • 4/25/2018 – Teradyne was downgraded by analysts at DA Davidson from a “buy” rating to a “neutral” rating.
  • 4/25/2018 – Teradyne had its “neutral” rating reaffirmed by analysts at Robert W. Baird. They now have a $37.00 price target on the stock.
  • 4/4/2018 – Teradyne is now covered by analysts at UBS. They set a “neutral” rating and a $49.00 price target on the stock.
  • 3/28/2018 – Teradyne was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Teradyne continues to benefit from strengthening Semiconductor and System Test Businesses. Moreover, a recovery in the core semiconductor business (processors, MCUs and power management) will continue to boost total revenues. We believe that the company has signficant growth opportunities in the high-growth wireless test market in the long-haul. Notably, the stock has outperformed the industry it belongs to. Additionally, growing memory market exposure, strong product lineup, lean cost structure and strong balance sheet are positives. Given the popularity of its products, the Universal Robots acquisition and the continuous design win momentum; the company is optimistic long-term prospects. However, volatility in the test market could be a concern in the near term. Further, the slowdown of PC market remains a concern for the company’s HDD business.”
  • 3/21/2018 – Teradyne is now covered by analysts at Bank of America. They set a “buy” rating and a $58.00 price target on the stock.

Shares of Teradyne opened at $37.72 on Friday, according to Marketbeat Ratings. The company has a market capitalization of $7.34 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 1.46 and a beta of 1.17. The company has a debt-to-equity ratio of 0.19, a quick ratio of 5.26 and a current ratio of 5.51. Teradyne has a one year low of $36.19 and a one year high of $37.40.

Teradyne (NYSE:TER) last announced its earnings results on Tuesday, April 24th. The semiconductor company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. The business had revenue of $487.00 million for the quarter, compared to the consensus estimate of $478.77 million. Teradyne had a return on equity of 23.45% and a net margin of 11.97%. Teradyne’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. sell-side analysts expect that Teradyne will post 1.91 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Thursday, May 31st will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.95%. The ex-dividend date is Wednesday, May 30th. Teradyne’s dividend payout ratio is 15.38%.

Large investors have recently bought and sold shares of the business. Elkfork Partners LLC acquired a new position in Teradyne during the 4th quarter worth $4,178,000. Carillon Tower Advisers Inc. acquired a new position in Teradyne during the 4th quarter worth $28,741,000. Xact Kapitalforvaltning AB acquired a new position in Teradyne during the 4th quarter worth $671,000. Arrowstreet Capital Limited Partnership lifted its holdings in Teradyne by 109.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 576,453 shares of the semiconductor company’s stock worth $24,136,000 after buying an additional 301,753 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Teradyne by 652.2% during the 4th quarter. First Trust Advisors LP now owns 1,071,845 shares of the semiconductor company’s stock worth $44,878,000 after buying an additional 929,346 shares in the last quarter. 99.00% of the stock is currently owned by hedge funds and other institutional investors.

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.

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