Teradyne (NASDAQ:TER – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Wall Street Zen reports.
A number of other equities research analysts also recently commented on TER. Robert W. Baird reiterated a “neutral” rating and set a $420.00 price target on shares of Teradyne in a report on Friday, August 21st. UBS Group raised their target price on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $550.00 target price on shares of Teradyne in a research note on Wednesday, July 29th. The Goldman Sachs Group reiterated a “buy” rating and issued a $465.00 price target on shares of Teradyne in a report on Tuesday, July 28th. Finally, Evercore restated an “outperform” rating and issued a $420.00 price target on shares of Teradyne in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and an average price target of $396.80.
Teradyne Stock Up 0.4%
Teradyne (NASDAQ:TER – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business posted $0.57 EPS. The firm’s quarterly revenue was up 103.9% compared to the same quarter last year. As a group, analysts anticipate that Teradyne will post 9.11 EPS for the current year.
Insider Buying and Selling at Teradyne
In other news, CEO Gregory Smith sold 4,000 shares of Teradyne stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $337.83, for a total value of $1,351,320.00. Following the transaction, the chief executive officer directly owned 108,495 shares of the company’s stock, valued at $36,652,865.85. The trade was a 3.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Teradyne
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Teradyne during the second quarter worth approximately $9,404,408,000. Andar Capital Management HK Ltd bought a new position in shares of Teradyne during the second quarter worth about $37,800,000. State Street Corp boosted its position in shares of Teradyne by 4.6% during the second quarter. State Street Corp now owns 7,290,460 shares of the company’s stock worth $3,527,416,000 after buying an additional 320,034 shares during the period. Van ECK Associates Corp grew its stake in shares of Teradyne by 5.0% in the second quarter. Van ECK Associates Corp now owns 2,607,914 shares of the company’s stock worth $1,261,813,000 after purchasing an additional 123,549 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Teradyne during the fourth quarter valued at $398,777,000. 99.77% of the stock is owned by institutional investors and hedge funds.
More Teradyne News
Here are the key news stories impacting Teradyne this week:
- Positive Sentiment: Teradyne introduced the Magnum E2, a high-speed memory test system designed for next-generation DRAM and flash used in AI data centers. Support for faster memory interfaces and greater parallelism could strengthen Teradyne’s position as AI infrastructure drives more complex semiconductor testing demand. Teradyne (TER) Debuts Magnum E2 For AI Memory Testing
- Positive Sentiment: Recent product launches and strategic expansion continue to support the bull case. Teradyne has launched AI- and data-center-focused UltraFLEXplus instruments, introduced the Iris 100 microLED optical test platform, partnered with GS Microelectronics U.S. on a semiconductor test center, and expanded its presence in India. These initiatives broaden its addressable market across advanced chips, optical components and robotics. Teradyne Is Up After New AI-Optical Test Push And India Expansion
- Positive Sentiment: The investment backdrop remains supported by Teradyne’s latest reported results: revenue more than doubled year over year and earnings exceeded analyst expectations. The strong performance reinforces optimism that AI-related semiconductor testing demand can translate into continued growth. Teradyne Stock Gained After a Q2 Beat
- Neutral Sentiment: Analysts and market commentators remain divided on whether Teradyne’s rapid rally is justified by its semiconductor and robotics expansion, making execution and future earnings growth key to sustaining the stock’s momentum. Is Teradyne Fully Valued?
- Negative Sentiment: A Teradyne director sold 400 shares after the stock had gained more than 200% over the past year. The transaction is small relative to the company’s market value, but it may reinforce concerns about profit-taking following the substantial run-up. A Teradyne Director Sells 400 Shares
- Negative Sentiment: Valuation remains a risk: Teradyne trades at a high earnings multiple after its sharp appreciation, while Wall Street Zen recently downgraded the shares to “Hold.” Investors may require continued earnings beats to support further upside. Wall Street Zen Downgrades Teradyne to Hold
About Teradyne
Teradyne, Inc is a global provider of automated test equipment and industrial automation solutions. Founded in 1960 and headquartered in North Reading, Massachusetts, the company develops systems that help manufacturers test the performance, quality, and reliability of electronic products and components.
Teradyne’s products include semiconductor test systems used to evaluate integrated circuits, memory devices, and other semiconductor components. The company also provides test solutions for wireless products, storage systems, and complex electronic systems, along with related software, services, and support.
Through its Industrial Automation segment, Teradyne offers collaborative robots from Universal Robots, autonomous mobile robots from Mobile Industrial Robots, and robotic arms and systems for manufacturing and other industrial applications.
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