Credit Suisse Group Reiterates Neutral Rating for Teradyne, Inc. (NYSE:TER)
TER has been the subject of a number of other reports. BidaskClub upgraded Teradyne from a sell rating to a hold rating in a report on Wednesday, July 12th. Zacks Investment Research downgraded Teradyne from a strong-buy rating to a hold rating in a report on Monday, June 5th. KeyCorp upgraded Teradyne from a sector weight rating to an overweight rating and set a $40.00 price objective for the company in a report on Thursday. Stifel Nicolaus upgraded Teradyne from a hold rating to a buy rating and increased their price objective for the stock from $32.00 to $39.00 in a report on Wednesday, July 5th. They noted that the move was a valuation call. Finally, Cowen and Company increased their price objective on Teradyne from $35.00 to $41.00 and gave the stock an outperform rating in a report on Thursday, April 27th. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Teradyne presently has an average rating of Buy and a consensus target price of $35.40.
Shares of Teradyne (TER) traded up 0.160% during midday trading on Thursday, hitting $34.535. The company had a trading volume of 2,092,319 shares. Teradyne has a 12-month low of $19.43 and a 12-month high of $36.86. The firm has a market capitalization of $6.86 billion, a P/E ratio of 17.820 and a beta of 0.93. The firm’s 50-day moving average is $32.96 and its 200-day moving average is $31.67.
Teradyne (NYSE:TER) last posted its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.04. The business had revenue of $697 million during the quarter, compared to the consensus estimate of $683.66 million. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. Teradyne’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period last year, the company earned $0.55 earnings per share. On average, analysts predict that Teradyne will post $1.94 earnings per share for the current fiscal year.
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In other Teradyne news, Director Mercedes Johnson sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $35.07, for a total value of $280,560.00. Following the completion of the transaction, the director now directly owns 14,773 shares in the company, valued at $518,089.11. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael A. Bradley sold 9,235 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $35.32, for a total value of $326,180.20. Following the completion of the transaction, the director now owns 195,405 shares of the company’s stock, valued at $6,901,704.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,467 shares of company stock valued at $721,961. Corporate insiders own 0.62% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC increased its position in Teradyne by 3.0% in the first quarter. Quadrant Capital Group LLC now owns 3,477 shares of the semiconductor company’s stock worth $106,000 after buying an additional 101 shares in the last quarter. Segantii Capital Management Ltd bought a new position in Teradyne during the first quarter worth $121,000. Ladenburg Thalmann Financial Services Inc. increased its position in Teradyne by 34.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,183 shares of the semiconductor company’s stock worth $104,000 after buying an additional 1,067 shares in the last quarter. SpiderRock Advisors LLC bought a new position in Teradyne during the first quarter worth $132,000. Finally, TrimTabs Asset Management LLC bought a new position in Teradyne during the first quarter worth $141,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.
Teradyne Company Profile
Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.
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