Teradyne, Inc. (TER) Earns “Outperform” Rating from KeyCorp
Teradyne, Inc. (NYSE:TER)‘s stock had its “outperform” rating restated by equities research analysts at KeyCorp in a research report issued to clients and investors on Saturday. They currently have a $40.00 price target on the semiconductor company’s stock. KeyCorp’s price target indicates a potential upside of 8.49% from the company’s current price.
Several other research analysts have also recently weighed in on TER. ValuEngine raised shares of Teradyne from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Monday, June 5th. BidaskClub cut shares of Teradyne from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, Stifel Nicolaus raised shares of Teradyne from a “hold” rating to a “buy” rating and raised their target price for the stock from $32.00 to $39.00 in a report on Wednesday, July 5th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Teradyne has an average rating of “Buy” and an average price target of $35.80.
Teradyne (TER) opened at 36.87 on Friday. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 19.02 and a beta of 0.94. Teradyne has a 52 week low of $20.22 and a 52 week high of $36.94. The company’s 50-day moving average price is $34.69 and its 200 day moving average price is $33.28.
Teradyne (NYSE:TER) last released its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.04. The firm had revenue of $697.00 million for the quarter, compared to analysts’ expectations of $683.66 million. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The business’s revenue was up 31.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. On average, analysts predict that Teradyne will post $1.97 EPS for the current year.
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In other news, Director Michael A. Bradley sold 17,390 shares of Teradyne stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $36.30, for a total transaction of $631,257.00. Following the transaction, the director now owns 154,132 shares in the company, valued at $5,594,991.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brad Robbins sold 15,892 shares of Teradyne stock in a transaction on Friday, July 28th. The stock was sold at an average price of $34.54, for a total transaction of $548,909.68. Following the transaction, the insider now owns 19,171 shares in the company, valued at approximately $662,166.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 141,698 shares of company stock worth $5,012,857. 0.62% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Teradyne by 13.3% during the second quarter. BlackRock Inc. now owns 20,807,353 shares of the semiconductor company’s stock worth $624,846,000 after purchasing an additional 2,437,869 shares during the period. Vanguard Group Inc. raised its stake in Teradyne by 2.7% during the second quarter. Vanguard Group Inc. now owns 17,201,317 shares of the semiconductor company’s stock worth $516,555,000 after buying an additional 458,103 shares during the last quarter. State Street Corp raised its stake in Teradyne by 0.5% during the second quarter. State Street Corp now owns 5,441,993 shares of the semiconductor company’s stock worth $163,420,000 after buying an additional 27,857 shares during the last quarter. Wells Fargo & Company MN raised its stake in Teradyne by 71.0% during the second quarter. Wells Fargo & Company MN now owns 4,293,075 shares of the semiconductor company’s stock worth $128,922,000 after buying an additional 1,781,854 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Teradyne by 238.2% during the second quarter. JPMorgan Chase & Co. now owns 3,877,810 shares of the semiconductor company’s stock worth $116,451,000 after buying an additional 2,731,167 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.
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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