Teradyne (NYSE:TER) Given “Hold” Rating at Stifel Nicolaus

Teradyne (NYSE:TER)‘s stock had its “hold” rating reissued by equities research analysts at Stifel Nicolaus in a note issued to investors on Tuesday, TipRanks reports. They presently have a $55.00 target price on the semiconductor company’s stock. Stifel Nicolaus’ target price suggests a potential downside of 10.77% from the stock’s current price.

Other analysts also recently issued reports about the stock. Cowen lifted their price objective on shares of Teradyne from $60.00 to $64.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. UBS Group upped their price objective on Teradyne from $47.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Citigroup increased their price objective on Teradyne from $66.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, October 25th. DA Davidson boosted their target price on Teradyne to $60.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. They noted that the move was a valuation call. Finally, Credit Suisse Group upped their target price on Teradyne from $55.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.44.

Shares of NYSE TER opened at $61.64 on Tuesday. Teradyne has a 12 month low of $28.73 and a 12 month high of $67.20. The company has a current ratio of 4.10, a quick ratio of 3.76 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 2.02 and a beta of 1.25. The business has a 50-day moving average of $62.79 and a 200-day moving average of $53.90.

Teradyne (NYSE:TER) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The business had revenue of $582.04 million for the quarter, compared to the consensus estimate of $565.43 million. During the same period last year, the firm posted $0.71 earnings per share. Teradyne’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts predict that Teradyne will post 2.25 earnings per share for the current year.

In other Teradyne news, Director Michael A. Bradley sold 7,074 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $64.30, for a total transaction of $454,858.20. Following the completion of the sale, the director now owns 40,520 shares of the company’s stock, valued at approximately $2,605,436. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael A. Bradley sold 14,148 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $61.92, for a total transaction of $876,044.16. Following the sale, the director now directly owns 56,594 shares of the company’s stock, valued at approximately $3,504,300.48. The disclosure for this sale can be found here. Insiders have sold a total of 46,234 shares of company stock valued at $2,922,166 over the last 90 days. 0.49% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Baillie Gifford & Co. boosted its holdings in shares of Teradyne by 0.4% during the second quarter. Baillie Gifford & Co. now owns 8,613,157 shares of the semiconductor company’s stock worth $412,656,000 after purchasing an additional 36,924 shares during the period. Renaissance Technologies LLC lifted its holdings in Teradyne by 24.0% in the second quarter. Renaissance Technologies LLC now owns 5,084,800 shares of the semiconductor company’s stock worth $243,613,000 after buying an additional 985,600 shares during the period. Waddell & Reed Financial Inc. boosted its position in shares of Teradyne by 10.5% during the second quarter. Waddell & Reed Financial Inc. now owns 2,839,961 shares of the semiconductor company’s stock valued at $136,063,000 after purchasing an additional 270,238 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Teradyne by 7.2% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,533,125 shares of the semiconductor company’s stock worth $121,362,000 after purchasing an additional 170,651 shares during the period. Finally, Macquarie Group Ltd. grew its stake in Teradyne by 2.1% in the second quarter. Macquarie Group Ltd. now owns 2,384,512 shares of the semiconductor company’s stock worth $114,242,000 after purchasing an additional 48,076 shares during the period.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.

Read More: Moving Average (MA)

Analyst Recommendations for Teradyne (NYSE:TER)

Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter.