Teradyne, Inc. (TER) Upgraded to “Overweight” by KeyCorp
KeyCorp upgraded shares of Teradyne, Inc. (NYSE:TER) from a sector weight rating to an overweight rating in a report released on Thursday, MarketBeat Ratings reports. They currently have $40.00 price target on the semiconductor company’s stock.
Several other analysts have also commented on TER. Robert W. Baird initiated coverage on shares of Teradyne in a report on Monday, April 3rd. They issued an outperform rating and a $37.00 price objective for the company. Deutsche Bank AG raised their price objective on shares of Teradyne from $30.00 to $34.00 and gave the stock a buy rating in a report on Monday, April 24th. Stifel Nicolaus raised their price objective on shares of Teradyne from $27.00 to $30.00 and gave the stock a hold rating in a report on Tuesday, April 25th. Cowen and Company raised their price objective on shares of Teradyne from $35.00 to $41.00 and gave the stock an outperform rating in a report on Thursday, April 27th. Finally, Needham & Company LLC raised their price objective on shares of Teradyne from $32.00 to $40.00 and gave the stock a buy rating in a report on Friday, April 28th. Three investment 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. The stock presently has a consensus rating of Buy and an average target price of $35.40.
Shares of Teradyne (TER) traded up 0.160% on Thursday, hitting $34.535. The stock had a trading volume of 2,092,119 shares. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 17.820 and a beta of 0.93. Teradyne has a 1-year low of $19.43 and a 1-year high of $36.86. The firm has a 50 day moving average of $32.96 and a 200-day moving average of $31.67.
Teradyne (NYSE:TER) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.04. The company had revenue of $697 million for the quarter, compared to analysts’ expectations 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 firm earned $0.55 earnings per share. Equities analysts predict that Teradyne will post $1.94 earnings per share for the current year.
In related news, Director Mercedes Johnson sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were 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 approximately $518,089.11. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael A. Bradley sold 9,235 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $35.32, for a total transaction 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. 0.62% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in the company. Two Sigma Investments LP purchased a new position in shares of Teradyne during the fourth quarter worth $497,000. Ladenburg Thalmann Financial Services Inc. increased its stake 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 during the period. Quadrature Capital Ltd bought a new stake in Teradyne during the fourth quarter worth approximately $858,000. Teachers Advisors LLC increased its stake in Teradyne by 40.6% in the fourth quarter. Teachers Advisors LLC now owns 279,246 shares of the semiconductor company’s stock worth $7,093,000 after buying an additional 80,661 shares during the period. Finally, Creative Planning increased its stake in Teradyne by 76.2% in the first quarter. Creative Planning now owns 4,778 shares of the semiconductor company’s stock worth $149,000 after buying an additional 2,067 shares during the period. 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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