Teradyne, Inc. (NYSE:TER) was upgraded by research analysts at KeyCorp to an “overweight” rating in a report issued on Thursday, The Fly reports. The firm presently has a $40.00 target price on the semiconductor company’s stock. KeyCorp’s target price would indicate a potential upside of 16.35% from the stock’s previous close.

TER has been the topic of several other research reports. BidaskClub raised Teradyne from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 5th. Stifel Nicolaus raised Teradyne from a “hold” rating to a “buy” rating and lifted their price target for the stock from $32.00 to $39.00 in a research report on Wednesday, July 5th. They noted that the move was a valuation call. Cowen and Company lifted their price target on Teradyne from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, April 27th. Finally, ValuEngine raised Teradyne from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.35.

Shares of Teradyne (TER) traded down 6.58% during trading on Thursday, reaching $34.38. 11,248,505 shares of the company’s stock were exchanged. Teradyne has a 12-month low of $19.43 and a 12-month high of $36.86. The company’s market capitalization is $6.84 billion. The stock has a 50-day moving average price of $33.03 and a 200 day moving average price of $31.59.

Teradyne (NYSE:TER) last issued its earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.04. Teradyne had a positive return on equity of 18.34% and a negative net margin of 0.46%. The business had revenue of $697 million for the quarter, compared to analyst estimates of $683.66 million. During the same quarter last year, the company earned $0.55 EPS. The business’s quarterly revenue was up 31.1% on a year-over-year basis. Equities analysts expect that Teradyne will post $1.89 EPS for the current fiscal year.

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In related news, Director Michael A. Bradley sold 9,235 shares of Teradyne stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $35.32, for a total value of $326,180.20. Following the sale, the director now directly owns 195,405 shares in the company, valued at $6,901,704.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 value of $280,560.00. Following the completion of the sale, the director now owns 14,773 shares in the company, valued at $518,089.11. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,467 shares of company stock worth $721,961. Company insiders own 0.62% of the company’s stock.

Several hedge funds have recently bought and sold shares of TER. BlackRock Inc. increased its stake in Teradyne by 11,980.5% in the first quarter. BlackRock Inc. now owns 18,369,484 shares of the semiconductor company’s stock worth $571,292,000 after buying an additional 18,217,425 shares during the period. Capital Growth Management LP purchased a new stake in Teradyne during the first quarter worth approximately $55,047,000. Wells Fargo & Company MN increased its stake in Teradyne by 219.4% in the first quarter. Wells Fargo & Company MN now owns 2,511,221 shares of the semiconductor company’s stock worth $78,099,000 after buying an additional 1,724,980 shares during the last quarter. Ardevora Asset Management LLP purchased a new stake in Teradyne during the second quarter worth approximately $32,468,000. Finally, Acadian Asset Management LLC increased its stake in Teradyne by 588.8% in the first quarter. Acadian Asset Management LLC now owns 1,155,622 shares of the semiconductor company’s stock worth $35,941,000 after buying an additional 987,841 shares during the last quarter. Hedge funds and other institutional investors own 94.25% of the company’s stock.

About Teradyne

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.

The Fly

Analyst Recommendations for Teradyne (NYSE:TER)

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