Teradyne (NASDAQ:TER) Coverage Initiated by Analysts at Jefferies Financial Group

Equities researchers at Jefferies Financial Group began coverage on shares of Teradyne (NASDAQ:TER) in a report released on Wednesday, Briefing.com reports. The brokerage set a “buy” rating and a $284.00 price target on the stock. Jefferies Financial Group‘s price target suggests a potential upside of 15.73% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. The Goldman Sachs Group set a $440.00 target price on Teradyne in a research note on Wednesday, October 28th. Wall Street Zen cut Teradyne from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. Weiss Ratings upgraded Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 29th. Finally, Robert W. Baird lowered 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. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price of $397.73.

Teradyne Stock Down 0.2%

Shares of NASDAQ:TER opened at $245.40 on Wednesday. Teradyne has a fifty-two week low of $151.52 and a fifty-two week high of $487.91. The firm has a 50-day simple moving average of $347.34 and a 200 day simple moving average of $348.91. The company has a market cap of $38.31 billion, a PE ratio of 28.17, a P/E/G ratio of 0.48 and a beta of 1.73.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Tuesday, October 27th. The company reported $2.29 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. Teradyne’s quarterly revenue was up 69.8% on a year-over-year basis. As a group, research analysts forecast that Teradyne will post 9.41 EPS for the current fiscal year.

Insider Buying and Selling

In other Teradyne 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 transaction, the chief executive officer owned 104,495 shares in the company, valued at approximately $35,662,053.60. This represents a 3.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 12,000 shares of company stock valued at $4,416,440. 0.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Teradyne

Several hedge funds and other institutional investors have recently made changes to their positions in TER. Leeward Financial Partners LLC bought a new stake in shares of Teradyne during the 2nd quarter worth about $3,735,000. Legal & General Group Plc bought a new position in shares of Teradyne in the second quarter valued at approximately $656,058,000. B. Metzler seel. Sohn & Co. AG bought a new position in shares of Teradyne in the second quarter valued at approximately $4,826,000. Handelsbanken Fonder AB boosted its holdings in shares of Teradyne by 2.6% in the second quarter. Handelsbanken Fonder AB now owns 127,990 shares of the company’s stock valued at $61,927,000 after acquiring an additional 3,250 shares in the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of Teradyne by 147.2% during the second quarter. Baird Financial Group Inc. now owns 53,029 shares of the company’s stock valued at $25,658,000 after acquiring an additional 31,579 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Company Profile

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.