Teradyne, Inc. (NYSE:TER) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday, July 12th.
Several other brokerages have also weighed in on TER. Needham & Company LLC increased their price objective on Teradyne from $32.00 to $40.00 and gave the company a “buy” rating in a report on Friday, April 28th. ValuEngine raised Teradyne from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research lowered Teradyne from a “strong-buy” rating to a “hold” rating in a report on Monday, June 5th. Cowen and Company increased their price objective on Teradyne from $35.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. Finally, Stifel Nicolaus increased their price objective on Teradyne from $27.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, April 25th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $35.70.
Teradyne (NYSE:TER) traded down 0.53% during mid-day trading on Wednesday, reaching $33.71. The company had a trading volume of 2,106,557 shares. The stock has a market capitalization of $6.70 billion, a PE ratio of 17.39 and a beta of 0.95. The company’s 50-day moving average is $33.01 and its 200-day moving average is $31.87. Teradyne has a one year low of $19.73 and a one year high of $36.86.
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, beating 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 analyst estimates of $683.66 million. During the same period in the prior year, the company earned $0.55 earnings per share. Teradyne’s revenue was up 31.1% compared to the same quarter last year. Equities research analysts anticipate that Teradyne will post $1.97 earnings per share for the current year.
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In related news, insider Mark E. Jagiela sold 30,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $34.50, for a total value of $1,035,000.00. Following the sale, the insider now owns 248,413 shares in the company, valued at $8,570,248.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brad Robbins sold 15,892 shares of the stock in a transaction on Friday, July 28th. The stock was 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 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 90 days, insiders have sold 66,359 shares of company stock worth $2,305,871. Company insiders own 0.62% of the company’s stock.
Large investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Teradyne by 11,980.5% in the first quarter. BlackRock Inc. now owns 18,369,484 shares of the semiconductor company’s stock valued at $571,292,000 after buying an additional 18,217,425 shares during the last quarter. Norges Bank acquired a new position in shares of Teradyne during the fourth quarter valued at about $56,840,000. Capital Growth Management LP acquired a new position in shares of Teradyne during the first quarter valued at about $55,047,000. Wells Fargo & Company MN raised its position in shares of Teradyne by 219.4% in the first quarter. Wells Fargo & Company MN now owns 2,511,221 shares of the semiconductor company’s stock valued at $78,099,000 after buying an additional 1,724,980 shares during the last quarter. Finally, Ardevora Asset Management LLP acquired a new position in shares of Teradyne during the second quarter valued at about $32,468,000. Institutional investors own 93.72% 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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