Teradyne, Inc. (NASDAQ:TER) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Teradyne, Inc. (NASDAQ:TER) have been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $396.80.

TER has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target on the stock in a research note on Thursday, April 30th. Morgan Stanley raised their target price on Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Cantor Fitzgerald restated an “overweight” rating and set a $550.00 target price on shares of Teradyne in a research report on Wednesday, July 29th. Robert W. Baird set a $420.00 target price on shares of Teradyne in a research report on Thursday, July 30th. Finally, Stifel Nicolaus upped their price target on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the sale, the chief executive officer owned 120,470 shares of the company’s stock, valued at approximately $50,962,424.10. The trade was a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $355.00, for a total transaction of $232,880.00. Following the transaction, the insider owned 15,722 shares in the company, valued at $5,581,310. The trade was a 4.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 14,261 shares of company stock worth $5,187,344. 0.19% of the stock is owned by insiders.

Institutional Investors Weigh In On Teradyne

Institutional investors and hedge funds have recently modified their holdings of the company. Globeflex Capital L P purchased a new position in Teradyne in the 2nd quarter valued at approximately $210,000. Bank of Nova Scotia purchased a new stake in Teradyne during the second quarter worth $87,061,000. Compass Financial Management LLC purchased a new stake in Teradyne during the second quarter worth $744,000. Elevation Point Wealth Partners LLC purchased a new stake in Teradyne during the second quarter worth $617,000. Finally, Greenland Capital Management LP acquired a new stake in Teradyne in the second quarter valued at $396,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Trading Up 6.1%

Shares of TER opened at $402.74 on Thursday. Teradyne has a twelve month low of $106.30 and a twelve month high of $487.91. The stock’s 50 day moving average is $382.97 and its two-hundred day moving average is $346.61. The firm has a market capitalization of $62.96 billion, a PE ratio of 55.25, a P/E/G ratio of 0.77 and a beta of 1.78.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.38. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The firm’s quarterly revenue was up 103.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 EPS. On average, sell-side analysts predict that Teradyne will post 9.1 EPS for the current year.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.