Teradyne (NYSE:TER) was upgraded by stock analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a report issued on Tuesday, MarketBeat.com reports.

TER has been the subject of a number of other reports. KeyCorp restated an “outperform” rating and set a $40.00 price objective on shares of Teradyne in a report on Saturday, September 16th. Deutsche Bank downgraded Teradyne from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a report on Monday, November 20th. ValuEngine downgraded Teradyne from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Citigroup increased their price target on Teradyne from $43.00 to $48.00 and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Zacks Investment Research downgraded Teradyne from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Teradyne presently has a consensus rating of “Buy” and an average target price of $42.55.

Teradyne (NYSE:TER) traded down $0.71 during mid-day trading on Tuesday, reaching $41.87. The company had a trading volume of 1,061,700 shares, compared to its average volume of 2,399,147. Teradyne has a 12-month low of $25.24 and a 12-month high of $44.63. The company has a current ratio of 4.96, a quick ratio of 4.67 and a debt-to-equity ratio of 0.17. The stock has a market cap of $8,213.12, a price-to-earnings ratio of 19.57, a P/E/G ratio of 1.57 and a beta of 1.02.

Teradyne (NYSE:TER) last issued its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. The company had revenue of $503.40 million for the quarter, compared to analyst estimates of $472.86 million. During the same quarter in the prior year, the company posted $0.31 EPS. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. analysts anticipate that Teradyne will post 2.22 EPS for the current year.

In other Teradyne news, insider Brad Robbins sold 12,045 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $42.19, for a total value of $508,178.55. Following the completion of the transaction, the insider now directly owns 7,126 shares of the company’s stock, valued at approximately $300,645.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Charles Jeffrey Gray sold 8,161 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $42.25, for a total transaction of $344,802.25. Following the transaction, the vice president now directly owns 31,500 shares in the company, valued at approximately $1,330,875. The disclosure for this sale can be found here. Over the last three months, insiders sold 140,206 shares of company stock valued at $6,066,881. 0.62% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. WFG Advisors LP lifted its position 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 last quarter. Fiduciary Trust Co. bought a new position in shares of Teradyne during the second quarter worth about $147,000. Bronfman E.L. Rothschild L.P. lifted its position in shares of Teradyne by 2,678.1% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,195 shares of the semiconductor company’s stock worth $156,000 after purchasing an additional 4,044 shares during the last quarter. Krilogy Financial LLC bought a new position in shares of Teradyne during the third quarter worth about $179,000. Finally, TLP Group LLC bought a new position in shares of Teradyne during the second quarter worth about $201,000. 96.45% of the stock is currently 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.

Analyst Recommendations for Teradyne (NYSE:TER)

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