Teradyne (TER) Upgraded at Goldman Sachs Group
Teradyne (NYSE:TER) was upgraded by equities research analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, Marketbeat.com reports.
Several other equities research analysts have also commented on TER. BidaskClub upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research lowered shares of Teradyne from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Teradyne in a report on Friday, September 1st. KeyCorp restated a “buy” rating and issued a $40.00 price target on shares of Teradyne in a report on Tuesday, September 5th. Finally, Susquehanna Bancshares restated a “neutral” rating and issued a $41.00 price target (up previously from $32.00) on shares of Teradyne in a report on Monday, September 18th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $42.45.
Shares of Teradyne (NYSE TER) traded up $0.86 on Tuesday, reaching $41.88. 3,465,047 shares of the company were exchanged, compared to its average volume of 1,986,885. Teradyne has a one year low of $25.24 and a one year high of $44.62. The company has a market cap of $8,215.10, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.01. The company has a quick ratio of 4.67, a current ratio of 4.96 and a debt-to-equity ratio of 0.17.
Teradyne (NYSE:TER) last announced its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.11. Teradyne had a net margin of 21.11% and a return on equity of 22.39%. The company had revenue of $503.40 million during the quarter, compared to analyst estimates of $472.86 million. During the same quarter last year, the business posted $0.31 EPS. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. equities analysts predict that Teradyne will post 2.22 EPS for the current year.
In related news, VP Charles Jeffrey Gray sold 8,161 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $42.25, for a total transaction of $344,802.25. Following the completion of the transaction, the vice president now owns 31,500 shares in the company, valued at approximately $1,330,875. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brad Robbins sold 12,045 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $42.19, for a total transaction of $508,178.55. Following the transaction, the insider now owns 7,126 shares of the company’s stock, valued at approximately $300,645.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 140,206 shares of company stock valued at $6,066,881. 0.62% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacer Advisors Inc. raised its stake in shares of Teradyne by 5.8% during the 2nd quarter. Pacer Advisors Inc. now owns 28,627 shares of the semiconductor company’s stock worth $860,000 after acquiring an additional 1,559 shares in the last quarter. Cipher Capital LP raised its stake in shares of Teradyne by 47.5% during the 2nd quarter. Cipher Capital LP now owns 118,758 shares of the semiconductor company’s stock worth $3,566,000 after acquiring an additional 38,247 shares in the last quarter. Paradigm Asset Management Co. LLC raised its stake in shares of Teradyne by 193.3% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 2,900 shares in the last quarter. State of Tennessee Treasury Department grew its position in Teradyne by 28.6% during the 3rd quarter. State of Tennessee Treasury Department now owns 180,000 shares of the semiconductor company’s stock worth $6,712,000 after purchasing an additional 40,000 shares during the last quarter. Finally, Summit Partners Public Asset Management LLC purchased a new stake in Teradyne during the 2nd quarter worth approximately $3,754,000. Hedge funds and other institutional investors own 96.72% of the company’s stock.
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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