Teradyne (NASDAQ:TER) Rating Lowered to “Hold” at Wall Street Zen

Teradyne (NASDAQ:TER – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other equities analysts also recently commented on the stock. Weiss Ratings upgraded shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, September 29th. UBS Group cut their price target on Teradyne from $485.00 to $430.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 30th. Robert W. Baird downgraded Teradyne from an “outperform” rating to a “neutral” rating and set a $420.00 price objective for the company. in a research report on Friday, August 21st. Finally, Morgan Stanley upped their target price on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $405.86.

Check Out Our Latest Stock Report on TER

Teradyne Stock Performance

Shares of TER stock opened at $218.21 on Friday. The firm has a market cap of $34.07 billion, a P/E ratio of 25.05, a P/E/G ratio of 0.43 and a beta of 1.73. The firm’s 50 day moving average price is $351.61 and its 200-day moving average price is $348.76. Teradyne has a one year low of $151.52 and a one year high of $487.91.

Teradyne (NASDAQ:TER – Get Free Report) last posted its earnings results on Tuesday, October 27th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.20. Teradyne had a net margin of 27.46% and a return on equity of 43.81%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was up 69.8% on a year-over-year basis. As a group, research analysts predict that Teradyne will post 9.41 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Gregory Smith sold 4,000 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $341.28, for a total value of $1,365,120.00. Following the completion of the sale, the chief executive officer directly owned 104,495 shares of the company’s stock, valued at approximately $35,662,053.60. This represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,000 shares of company stock valued at $4,416,440 in the last quarter. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. McKinney Capital Management LLC acquired a new stake in shares of Teradyne in the third quarter valued at approximately $3,350,000. Mawer Investment Management Ltd. increased its position in Teradyne by 134.8% in the third quarter. Mawer Investment Management Ltd. now owns 84,522 shares of the company’s stock worth $33,886,000 after purchasing an additional 48,525 shares during the period. Ibex Wealth Advisors acquired a new stake in Teradyne in the third quarter worth about $386,000. Aberdeen Group plc increased its position in Teradyne by 3,714.7% in the third quarter. Aberdeen Group plc now owns 4,654,505 shares of the company’s stock worth $1,866,038,000 after purchasing an additional 4,532,489 shares during the period. Finally, Allworth Financial LP raised its holdings in Teradyne by 2.7% during the 3rd quarter. Allworth Financial LP now owns 4,337 shares of the company’s stock worth $1,739,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne News Roundup

Here are the key news stories impacting Teradyne this week:

Teradyne Company Profile

(Get Free Report)

Teradyne, Inc develops and supplies automated test equipment and robotics used by manufacturers around the world. Its test systems help customers evaluate the performance and reliability of semiconductor devices, electronic products, wireless components and storage products.

The company’s offerings include semiconductor test systems, system-level test equipment and wireless test solutions. Teradyne also serves industrial automation markets through Universal Robots, which makes collaborative robots, and Mobile Industrial Robots, which develops autonomous mobile robots for moving materials in factories and other facilities.

Founded in 1960 and headquartered in North Reading, Massachusetts, Teradyne serves customers across global markets.

Further Reading

Analyst Recommendations for Teradyne (NASDAQ:TER)

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