Teradyne, Inc. (NASDAQ:TER) Receives Consensus Rating of “Hold” from Brokerages

Shares of Teradyne, Inc. (NASDAQ:TER) have earned a consensus recommendation of “Hold” from the ten brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $117.83.

TER has been the topic of several recent analyst reports. Susquehanna upped their price target on shares of Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a report on Friday, April 26th. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a research report on Thursday, April 25th. Evercore ISI initiated coverage on shares of Teradyne in a research report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price target on the stock. Robert W. Baird boosted their price objective on Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, The Goldman Sachs Group upped their price objective on Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a research note on Friday, April 26th.

Insider Buying and Selling

In other Teradyne news, CFO Sanjay Mehta sold 3,750 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the transaction, the chief financial officer now owns 41,902 shares in the company, valued at approximately $5,030,754.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TER. Mutual of America Capital Management LLC raised its stake in shares of Teradyne by 6.6% during the fourth quarter. Mutual of America Capital Management LLC now owns 41,973 shares of the company’s stock valued at $4,555,000 after purchasing an additional 2,590 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Teradyne by 8,125.5% in the fourth quarter. International Assets Investment Management LLC now owns 133,088 shares of the company’s stock valued at $14,443,000 after acquiring an additional 131,470 shares in the last quarter. Raymond James & Associates increased its stake in shares of Teradyne by 3.8% during the fourth quarter. Raymond James & Associates now owns 448,581 shares of the company’s stock valued at $48,680,000 after acquiring an additional 16,595 shares during the period. Value Aligned Research Advisors LLC bought a new stake in Teradyne during the fourth quarter worth approximately $2,981,000. Finally, Louisiana State Employees Retirement System bought a new position in Teradyne during the 4th quarter valued at $998,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Down 0.7 %

TER opened at $121.09 on Friday. The firm has a market capitalization of $18.52 billion, a P/E ratio of 46.04 and a beta of 1.50. The firm’s 50 day moving average is $107.65 and its 200-day moving average is $101.48. Teradyne has a 52-week low of $81.07 and a 52-week high of $123.65.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.33 by $0.18. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The business had revenue of $599.82 million for the quarter, compared to analysts’ expectations of $566.31 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s revenue was down 2.9% compared to the same quarter last year. Equities analysts expect that Teradyne will post 2.99 earnings per share for the current fiscal year.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.