Teradyne (NASDAQ:TER) Upgraded at Northland Capmk

Teradyne (NASDAQ:TER) was upgraded by Northland Capmk from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other analysts have also weighed in on TER. Northland Securities raised shares of Teradyne from a “market perform” rating to an “outperform” rating and raised their price target for the company from $117.00 to $154.00 in a report on Monday. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Evercore ISI lifted their price objective on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Craig Hallum cut their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $145.00 to $158.00 in a research report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and an average target price of $150.33.

Teradyne Stock Performance

Teradyne stock opened at $140.00 on Monday. The business’s fifty day moving average is $116.28 and its two-hundred day moving average is $127.71. The firm has a market cap of $22.80 billion, a P/E ratio of 44.44, a P/E/G ratio of 2.66 and a beta of 1.46. Teradyne has a 52 week low of $92.29 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.12. The business had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. On average, equities research analysts predict that Teradyne will post 3.17 earnings per share for the current year.

Teradyne declared that its board has initiated a share repurchase plan on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to purchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Teradyne

A number of hedge funds have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC acquired a new position in shares of Teradyne in the 2nd quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new position in Teradyne in the third quarter valued at approximately $29,000. Quarry LP boosted its holdings in shares of Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after buying an additional 169 shares during the period. Coastline Trust Co bought a new stake in shares of Teradyne during the third quarter worth $46,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Teradyne during the third quarter worth $52,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

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.