Teradyne, Inc. (TER) Earns Buy Rating from Needham & Company LLC

Teradyne, Inc. (NYSE:TER)‘s stock had its “buy” rating reaffirmed by investment analysts at Needham & Company LLC in a research report issued on Friday, September 1st. They presently have a $40.00 price target on the semiconductor company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 8.49% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. ValuEngine upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub raised shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Tuesday, July 18th. Stifel Nicolaus raised shares of Teradyne from a “hold” rating to a “buy” rating and boosted their target price for the stock from $32.00 to $39.00 in a research report on Wednesday, July 5th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Wednesday, June 28th. Finally, Cowen and Company set a $41.00 price objective on shares of Teradyne and gave the company a “buy” rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $35.80.

Shares of Teradyne (TER) opened at 36.87 on Friday. The firm has a 50-day moving average price of $34.69 and a 200 day moving average price of $33.28. Teradyne has a 12-month low of $20.22 and a 12-month high of $36.94. The company has a market capitalization of $7.29 billion, a P/E ratio of 19.02 and a beta of 0.94.

Teradyne (NYSE:TER) last issued its earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.04. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The company had revenue of $697.00 million during the quarter, compared to analysts’ expectations of $683.66 million. During the same period last year, the company posted $0.55 earnings per share. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. On average, equities research analysts predict that Teradyne will post $1.97 earnings per share for the current year.

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In other news, insider Brad Robbins sold 15,892 shares of Teradyne stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $34.54, for a total value of $548,909.68. Following the sale, the insider now directly owns 19,171 shares in the company, valued at $662,166.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark E. Jagiela sold 30,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $34.50, for a total transaction of $1,035,000.00. Following the transaction, the insider now owns 248,413 shares in the company, valued at $8,570,248.50. The disclosure for this sale can be found here. Insiders sold a total of 141,698 shares of company stock worth $5,012,857 in the last ninety days. Insiders own 0.62% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. WFG Advisors LP boosted its position in shares of Teradyne by 21.9% in the second quarter. WFG Advisors LP now owns 3,900 shares of the semiconductor company’s stock valued at $117,000 after acquiring an additional 700 shares during the period. Segantii Capital Management Ltd acquired a new position in Teradyne in the first quarter valued at about $121,000. Paradigm Asset Management Co. LLC raised its stake in Teradyne by 193.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 2,900 shares in the last quarter. TrimTabs Asset Management LLC acquired a new position in Teradyne in the first quarter valued at about $141,000. Finally, IFP Advisors Inc raised its stake in Teradyne by 305.2% in the first quarter. IFP Advisors Inc now owns 4,595 shares of the semiconductor company’s stock valued at $143,000 after purchasing an additional 3,461 shares in the last quarter. 93.21% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Teradyne (NYSE:TER)

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