Cantor Fitzgerald Reaffirms “Neutral” Rating for Teradyne (NASDAQ:TER)

Cantor Fitzgerald reiterated their neutral rating on shares of Teradyne (NASDAQ:TER) in a research report released on Thursday, Benzinga reports. The firm currently has a $110.00 target price on the stock.

TER has been the topic of a number of other reports. JPMorgan Chase & Co. raised their price target on shares of Teradyne from $100.00 to $110.00 and gave the stock a neutral rating in a research report on Thursday, April 11th. Evercore ISI started coverage on shares of Teradyne in a research report on Tuesday, April 16th. They issued an outperform rating and a $130.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Teradyne currently has a consensus rating of Hold and a consensus target price of $115.69.

Teradyne Price Performance

NASDAQ TER opened at $114.13 on Thursday. The company’s fifty day moving average price is $105.62 and its two-hundred day moving average price is $100.54. Teradyne has a 12 month low of $81.07 and a 12 month high of $119.20. The company has a market capitalization of $17.46 billion, a price-to-earnings ratio of 43.40 and a beta of 1.56.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The company had revenue of $599.82 million for the quarter, compared to the consensus estimate of $566.31 million. During the same period last year, the firm posted $0.55 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, analysts anticipate that Teradyne will post 2.82 EPS for the current year.

Insider Activity at Teradyne

In related news, Director Ernest E. Maddock bought 1,000 shares of the stock in a transaction on Thursday, February 1st. The shares were purchased at an average price of $94.07 per share, with a total value of $94,070.00. Following the purchase, the director now owns 4,728 shares in the company, valued at $444,762.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Ernest E. Maddock bought 1,000 shares of the stock in a transaction on Thursday, February 1st. The shares were purchased at an average price of $94.07 per share, with a total value of $94,070.00. Following the purchase, the director now owns 4,728 shares in the company, valued at $444,762.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sanjay Mehta sold 8,653 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total transaction of $909,430.30. Following the transaction, the chief financial officer now directly owns 31,180 shares in the company, valued at approximately $3,277,018. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Teradyne

Several large investors have recently bought and sold shares of the stock. Marshall Financial Group LLC grew its stake in shares of Teradyne by 1.2% in the 4th quarter. Marshall Financial Group LLC now owns 8,251 shares of the company’s stock worth $895,000 after purchasing an additional 96 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of Teradyne by 24.0% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 517 shares of the company’s stock worth $56,000 after purchasing an additional 100 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Teradyne by 4.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,346 shares of the company’s stock worth $255,000 after purchasing an additional 107 shares during the last quarter. Congress Asset Management Co. MA grew its stake in shares of Teradyne by 2.9% in the 4th quarter. Congress Asset Management Co. MA now owns 3,860 shares of the company’s stock worth $419,000 after purchasing an additional 110 shares during the last quarter. Finally, Meritage Group LP grew its stake in shares of Teradyne by 5.3% in the 4th quarter. Meritage Group LP now owns 2,218 shares of the company’s stock worth $241,000 after purchasing an additional 111 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

About Teradyne

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.