Teradyne Receives Neutral Rating from Zacks (TER)
Teradyne (NYSE:TER)‘s stock had its “neutral” rating reaffirmed by Zacks in a note issued to investors on Wednesday, AR Network reports. They currently have a $17.00 price objective on the stock. Zacks‘ target price would suggest a potential upside of 7.26% from the stock’s previous close.
Zacks‘ analyst wrote, “Teradyne is a leading provider of automated test equipment. The company’s second quarter earnings beat the Zacks Consensus Estimate, driven by strong improving demand. Forward guidance was also encouraging. The addition of LitePoint remains a big positive going forward given the significant opportunities in the high-growth wireless market. Though we remain optimistic about the product lineup, lean cost structure and strong balance sheet, we believe that the company’s relatively low exposure to the memory segment will keep the shares range bound in the near term. We therefore reiterate our Neutral recommendation on the shares.”
TER has been the subject of a number of other recent research reports. Analysts at Cowen and Company cut their price target on shares of Teradyne from $24.00 to $22.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at UBS AG cut their price target on shares of Teradyne to $20.00 in a research note to investors on Friday, July 26th. Finally, analysts at Credit Suisse initiated coverage on shares of Teradyne in a research note to investors on Friday, July 26th. They set an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Teradyne has a consensus rating of “Buy” and a consensus price target of $20.73.
Teradyne (NYSE:TER) traded up 0.13% during mid-day trading on Wednesday, hitting $15.87. 1,216,182 shares of the company’s stock traded hands. Teradyne has a 52 week low of $13.40 and a 52 week high of $18.73. The stock’s 50-day moving average is $16.04 and its 200-day moving average is $16.56. The company has a market cap of $3.038 billion and a P/E ratio of 25.56.
Teradyne (NYSE:TER) last released its earnings data on Wednesday, July 24th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.11. The company had revenue of $428.89 million for the quarter, compared to the consensus estimate of $407.39 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was down 21.8% on a year-over-year basis. On average, analysts predict that Teradyne will post $1.21 earnings per share for the current fiscal year.
Teradyne, Inc is a supplier of automatic test equipment. The Company designs, develops, manufactures and sells automatic test systems and solutions used to test semiconductors, wireless products, hard disk drives and circuit boards in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries.
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