Teradyne, Inc. (NYSE:TER) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.

Several other research firms have also recently weighed in on TER. Needham & Company LLC raised their price objective on shares of Teradyne from $32.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, April 28th. ValuEngine upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 5th. Cowen and Company raised their price objective on shares of Teradyne from $35.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, April 27th. Finally, Stifel Nicolaus raised their price objective on shares of Teradyne from $27.00 to $30.00 and gave the company a “hold” rating in a research report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $31.71.

Shares of Teradyne (NYSE TER) traded up 1.23% during mid-day trading on Tuesday, hitting $36.10. 3,354,449 shares of the stock were exchanged. The company’s 50-day moving average is $32.94 and its 200-day moving average is $31.47. The firm’s market cap is $7.18 billion. Teradyne has a 1-year low of $19.43 and a 1-year high of $36.59.

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

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In related news, Director Mercedes Johnson sold 8,000 shares of Teradyne stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $35.07, for a total transaction of $280,560.00. Following the transaction, the director now owns 14,773 shares of the company’s stock, valued at approximately $518,089.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel W. Christman sold 3,232 shares of Teradyne 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 transaction, the director now directly owns 30,163 shares in the company, valued at approximately $1,075,310.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,467 shares of company stock valued at $721,961. 0.62% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. World Asset Management Inc raised its position in Teradyne by 0.7% in the first quarter. World Asset Management Inc now owns 12,414 shares of the semiconductor company’s stock valued at $386,000 after buying an additional 82 shares during the last quarter. Utah Retirement Systems raised its position in Teradyne by 0.3% in the first quarter. Utah Retirement Systems now owns 36,957 shares of the semiconductor company’s stock valued at $1,149,000 after buying an additional 100 shares during the last quarter. Quadrant Capital Group LLC raised its position in Teradyne by 3.0% in the first quarter. Quadrant Capital Group LLC now owns 3,477 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 101 shares during the last quarter. Arizona State Retirement System raised its position in Teradyne by 0.4% in the first quarter. Arizona State Retirement System now owns 83,300 shares of the semiconductor company’s stock valued at $2,591,000 after buying an additional 348 shares during the last quarter. Finally, State Treasurer State of Michigan raised its position in Teradyne by 0.5% in the first quarter. State Treasurer State of Michigan now owns 81,400 shares of the semiconductor company’s stock valued at $2,532,000 after buying an additional 400 shares during the last quarter. 94.25% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Company Profile

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.

Analyst Recommendations for Teradyne (NYSE:TER)

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