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

  • 7/17/2017 – Teradyne was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Teradyne is a leading provider of automated test equipment. Over the last one year, the stock has outperformed the Zacks Electronics – Testing Equipment industry. Also, Teradyne’s first quarter results surpassed the Zacks Consensus Estimate on earnings and revenue. A recovery in the core semiconductor business (processors, MCUs and power management), long-term opportunities in the high-growth wireless test market, 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, weakness in the wireless test market could be a concern in the near term.”
  • 7/12/2017 – Teradyne was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/6/2017 – Teradyne was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/5/2017 – Teradyne was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock, up previously from $32.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 6/28/2017 – Teradyne was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $36.00 price target on the stock. According to Zacks, “Teradyne is a leading provider of automated test equipment. Over the last one year, the stock has outperformed the Zacks Electronics – Testing Equipment industry. Also, Teradyne’s first quarter results surpassed the Zacks Consensus Estimate on earnings and revenue. A recovery in the core semiconductor business (processors, MCUs and power management), long-term opportunities in the high-growth wireless test market, 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, weakness in the wireless test market could be a concern in the near term.”
  • 6/22/2017 – Teradyne was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/14/2017 – Teradyne was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/5/2017 – Teradyne was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Teradyne is a leading provider of automated test equipment. Over the last one year, the stock has outperformed the Zacks Electronics – Testing Equipment industry. Also, Teradyne’s first quarter results surpassed the Zacks Consensus Estimate on earnings and revenue. A recovery in the core semiconductor business (processors, MCUs and power management), long-term opportunities in the high-growth wireless test market, 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, weakness in the wireless test market could be a concern in the near term.”
  • 6/2/2017 – Teradyne was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Shares of Teradyne, Inc. (TER) traded up 0.29% during midday trading on Monday, hitting $34.09. The stock had a trading volume of 2,329,731 shares. The company’s 50 day moving average is $33.97 and its 200 day moving average is $30.58. The company’s market cap is $6.78 billion. Teradyne, Inc. has a 52-week low of $19.43 and a 52-week high of $36.59.

Teradyne (NYSE:TER) last issued its quarterly earnings data on Wednesday, April 26th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. Teradyne had a positive return on equity of 18.34% and a negative net margin of 0.46%. The business had revenue of $457 million for the quarter, compared to the consensus estimate of $440.96 million. During the same period in the prior year, the business posted $0.31 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts anticipate that Teradyne, Inc. will post $1.89 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Thursday, June 1st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.82%. Teradyne’s dividend payout ratio (DPR) is presently -699.83%.

In other Teradyne news, Director Daniel W. Christman sold 3,232 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $35.65, for a total transaction of $115,220.80. Following the sale, the director now directly owns 30,163 shares in the company, valued at $1,075,310.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael A. Bradley sold 9,235 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $35.32, for a total value of $326,180.20. Following the sale, the director now owns 195,405 shares in the company, valued at $6,901,704.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,467 shares of company stock worth $721,961. Company insiders own 0.62% of the company’s stock.

Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.

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