Teradyne (NASDAQ:TER) Lowered to Hold Rating by Zacks Research

Teradyne (NASDAQ:TER) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley lifted their price objective on shares of Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. lifted their target price on shares of Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $240.00 price target on shares of Teradyne in a report on Tuesday, December 16th. Wall Street Zen upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Monday, September 1st. Finally, Industrial Alliance Securities set a $175.00 target price on Teradyne in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $185.75.

Teradyne Price Performance

Shares of TER opened at $196.63 on Monday. The company has a market cap of $30.79 billion, a PE ratio of 71.50, a price-to-earnings-growth ratio of 2.06 and a beta of 1.85. The firm has a 50-day moving average of $180.93 and a 200-day moving average of $136.19. Teradyne has a one year low of $65.77 and a one year high of $205.00.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The firm had revenue of $769.21 million for the quarter, compared to the consensus estimate of $744.20 million. During the same quarter in the previous year, the business earned $0.90 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. Analysts expect that Teradyne will post 3.88 earnings per share for the current year.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the sale, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This represents a 1.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 3,324 shares of company stock worth $583,639. Corporate insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Several hedge funds have recently bought and sold shares of the company. Huntington National Bank lifted its holdings in shares of Teradyne by 1.8% during the 3rd quarter. Huntington National Bank now owns 3,566 shares of the company’s stock worth $491,000 after acquiring an additional 64 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Teradyne by 5.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,312 shares of the company’s stock valued at $181,000 after purchasing an additional 69 shares in the last quarter. Hemington Wealth Management increased its stake in shares of Teradyne by 43.2% in the 3rd quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares during the last quarter. Equitable Holdings Inc. lifted its position in shares of Teradyne by 3.2% during the 3rd quarter. Equitable Holdings Inc. now owns 2,534 shares of the company’s stock worth $349,000 after buying an additional 79 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Teradyne by 5.5% in the third quarter. Allworth Financial LP now owns 1,522 shares of the company’s stock valued at $209,000 after buying an additional 80 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

About Teradyne

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.