Teradyne (NASDAQ:TER) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Teradyne (NASDAQ:TER) from a hold rating to a buy rating in a research report released on Sunday,Wall Street Zen reports.

Several other equities research analysts also recently issued reports on TER. Cantor Fitzgerald restated an “overweight” rating and issued a $550.00 price objective on shares of Teradyne in a research note on Wednesday, July 29th. Weiss Ratings cut shares of Teradyne from a “buy (b)” rating to a “hold (c+)” rating in a research note on Thursday, September 3rd. Susquehanna increased their price target on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a report on Tuesday, June 30th. The Goldman Sachs Group reissued a “buy” rating and issued a $465.00 price target on shares of Teradyne in a report on Tuesday, July 28th. Finally, Morgan Stanley raised their price target on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $396.80.

Teradyne Stock Performance

NASDAQ TER opened at $398.69 on Friday. The stock has a 50-day simple moving average of $365.93 and a 200 day simple moving average of $362.09. Teradyne has a twelve month low of $128.59 and a twelve month high of $487.91. The stock has a market capitalization of $62.33 billion, a PE ratio of 54.69, a P/E/G ratio of 0.77 and a beta of 1.78.

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

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a $0.13 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. Teradyne’s dividend payout ratio is currently 7.13%.

Insider Activity at Teradyne

In other news, CEO Gregory Smith sold 4,000 shares of Teradyne stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $337.83, for a total transaction of $1,351,320.00. Following the sale, the chief executive officer directly owned 108,495 shares in the company, valued at approximately $36,652,865.85. The trade was a 3.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TER. Community Financial Services Group LLC bought a new position in Teradyne during the second quarter worth about $29,000. McIlrath & Eck LLC bought a new stake in Teradyne in the first quarter valued at approximately $30,000. Elevation Wealth Partners LLC raised its stake in Teradyne by 1,320.0% in the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after buying an additional 66 shares during the period. Mcdonald Partners LLC acquired a new stake in shares of Teradyne in the second quarter valued at approximately $36,000. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Teradyne in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne News Summary

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Strategic semiconductor partnership: Teradyne and GS Microelectronics U.S. announced a multi-year agreement to establish a semiconductor test and evaluation center. The facility will combine GSME’s design and manufacturing capabilities with Teradyne’s automated test systems, targeting hyperscaler AI, automotive, silicon photonics and next-generation devices. The partnership could expand Teradyne’s customer pipeline and reinforce its position in complex-chip testing. GSME and Teradyne Announce Strategic Partnership
• Positive Sentiment: AI data-center exposure through microLED testing: Teradyne launched the Iris 100, a production-ready optical test platform for microLED devices used in optical data interconnects for AI data centers. The product gives the company exposure to growing demand for high-speed data-center connectivity and may support new revenue opportunities beyond traditional semiconductor testing. Teradyne Introduces Iris 100
• Positive Sentiment: Strong recent operating momentum: Coverage also points to Teradyne’s latest earnings strength. The company recently reported revenue growth of more than 100% year over year and earnings that exceeded analyst expectations, providing additional support for the stock’s upward move. Teradyne stock gains on MicroLED test launch and strong earnings
• Neutral Sentiment: Sector interest: The planned launch of the REX AI Chipmaking ETF, which invests in equipment manufacturers supporting AI-chip production, could increase visibility for companies such as Teradyne. However, the ETF’s launch does not directly change Teradyne’s fundamentals or guarantee incremental buying. New ETF Bets on the Machinery Behind AI Chipmaking

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.