Teradyne Inc. Reaches New 12-Month High at $18.92 (TER)
Teradyne (NYSE:TER)’s share price reached a new 52-week high on Tuesday, Analyst Ratings Net reports. The company traded as high as $18.92 and last traded at $18.92, with a volume of 3,840,610 shares traded. The stock had previously closed at $18.20.
A number of research firms have recently commented on TER. Analysts at Goldman Sachs Group Inc. upgraded shares of Teradyne from a “buy” rating to a “conviction-buy” rating in a research note to investors on Tuesday. They now have a $23.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Teradyne from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, December 20th. They now have a $15.00 price target on the stock. Finally, analysts at Piper Jaffray cut their price target on shares of Teradyne from $20.00 to $19.00 in a research note to investors on Friday, October 25th. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $20.43.
Teradyne has a 52 week low of $14.05 and a 52 week high of $18.73. The stock’s 50-day moving average is $17.17 and its 200-day moving average is $16.81. The company has a market cap of $3.621 billion and a price-to-earnings ratio of 34.02.
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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