Teradyne, Inc. (TER) Upgraded by BidaskClub to Buy
Teradyne, Inc. (NYSE:TER) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Thursday.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised Teradyne from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Wednesday, June 28th. ValuEngine raised Teradyne from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Stifel Nicolaus upped their target price on Teradyne from $27.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, April 25th. Needham & Company LLC upped their target price on Teradyne from $32.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Finally, Deutsche Bank AG upped their target price on Teradyne from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, April 24th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $35.70.
Shares of Teradyne (NYSE TER) opened at 33.87 on Thursday. Teradyne has a 52 week low of $20.07 and a 52 week high of $36.86. The stock has a 50 day moving average price of $33.63 and a 200-day moving average price of $32.40. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 17.48 and a beta of 0.95.
Teradyne (NYSE:TER) last announced its quarterly earnings data 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 return on equity of 21.25% and a net margin of 20.08%. The business had revenue of $697 million during the quarter, compared to the consensus estimate of $683.66 million. During the same period in the prior year, the company earned $0.55 EPS. Teradyne’s revenue for the quarter was up 31.1% on a year-over-year basis. On average, equities research analysts forecast that Teradyne will post $1.97 earnings per share for the current year.
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In other news, Director Michael A. Bradley sold 9,235 shares of the stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $35.32, for a total value of $326,180.20. Following the completion of the sale, the director now owns 195,405 shares of the company’s stock, valued at $6,901,704.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brad Robbins sold 15,892 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $34.54, for a total value of $548,909.68. Following the completion of the sale, the insider now directly owns 19,171 shares of the company’s stock, valued at approximately $662,166.34. The disclosure for this sale can be found here. In the last three months, insiders sold 55,127 shares of company stock valued at $1,910,090. Insiders own 0.62% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Acadian Asset Management LLC boosted its stake in shares of Teradyne by 588.8% in the first quarter. Acadian Asset Management LLC now owns 1,155,622 shares of the semiconductor company’s stock valued at $35,941,000 after buying an additional 987,841 shares during the last quarter. Mesirow Financial Investment Management Equity Management bought a new stake in shares of Teradyne during the first quarter valued at $1,168,000. Profund Advisors LLC boosted its stake in shares of Teradyne by 6.4% in the first quarter. Profund Advisors LLC now owns 64,523 shares of the semiconductor company’s stock valued at $2,007,000 after buying an additional 3,874 shares during the last quarter. IFC Holdings Incorporated FL bought a new stake in shares of Teradyne during the first quarter valued at $1,680,000. Finally, Gilman Hill Asset Management LLC boosted its stake in shares of Teradyne by 17.1% in the first quarter. Gilman Hill Asset Management LLC now owns 11,020 shares of the semiconductor company’s stock valued at $343,000 after buying an additional 1,610 shares during the last quarter. 92.90% of the stock is owned by institutional investors.
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.
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