Teradyne (TER) Downgraded by ValuEngine

Teradyne (NYSE:TER) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other equities research analysts have also recently commented on TER. BidaskClub raised Teradyne from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research cut Teradyne from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of Teradyne in a research note on Friday, September 1st. KeyCorp reissued a “buy” rating and issued a $40.00 target price on shares of Teradyne in a research note on Tuesday, September 5th. Finally, Susquehanna Bancshares reissued a “neutral” rating and issued a $41.00 target price (up from $32.00) on shares of Teradyne in a research note on Monday, September 18th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Teradyne currently has a consensus rating of “Buy” and an average price target of $41.25.

Shares of Teradyne (NYSE TER) traded down $0.36 on Friday, reaching $40.11. The company’s stock had a trading volume of 2,995,329 shares, compared to its average volume of 2,072,419. The company has a current ratio of 4.96, a quick ratio of 4.67 and a debt-to-equity ratio of 0.17. Teradyne has a 52-week low of $23.45 and a 52-week high of $44.63. The company has a market cap of $7,942.43, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 1.52 and a beta of 1.02.

Teradyne (NYSE:TER) last issued its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.11. The firm had revenue of $503.40 million during the quarter, compared to the consensus estimate of $472.86 million. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. sell-side analysts forecast that Teradyne will post 2.22 EPS for the current fiscal year.

In related news, Director Michael A. Bradley sold 20,000 shares of Teradyne stock in a transaction on Monday, November 13th. The stock was sold at an average price of $43.67, for a total transaction of $873,400.00. Following the completion of the sale, the director now directly owns 133,504 shares of the company’s stock, valued at $5,830,119.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Charles Jeffrey Gray sold 8,161 shares of Teradyne stock in a transaction on Friday, October 27th. The stock was sold at an average price of $42.25, for a total value of $344,802.25. Following the sale, the vice president now directly owns 31,500 shares of the company’s stock, valued at $1,330,875. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 213,844 shares of company stock valued at $8,705,761. 0.62% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. WFG Advisors LP grew its stake in shares of Teradyne by 21.9% during the second quarter. WFG Advisors LP now owns 3,900 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 700 shares during the period. Paradigm Asset Management Co. LLC grew its stake in shares of Teradyne by 193.3% during the second quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock worth $132,000 after purchasing an additional 2,900 shares during the period. IFP Advisors Inc grew its stake in Teradyne by 4.6% in the second quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock valued at $144,000 after acquiring an additional 211 shares during the period. Fiduciary Trust Co. acquired a new position in Teradyne in the second quarter valued at about $147,000. Finally, Bronfman E.L. Rothschild L.P. grew its stake in Teradyne by 2,678.1% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,195 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 4,044 shares during the period. 96.75% of the stock is owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Teradyne (NYSE:TER)

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