Teradyne (NYSE:TER) was downgraded by research analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a report issued on Monday, November 20th, MarketBeat.com reports. They currently have a $44.00 price target on the semiconductor company’s stock. Deutsche Bank’s price objective suggests a potential upside of 10.11% from the company’s current price.
A number of other research analysts have also issued reports on the company. Zacks Investment Research raised Teradyne from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, September 19th. KeyCorp reaffirmed a “buy” rating and set a $47.00 target price on shares of Teradyne in a report on Friday, October 27th. Credit Suisse Group lifted their target price on Teradyne from $36.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. BidaskClub raised Teradyne from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Finally, Citigroup increased their price target on Teradyne from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $41.25.
Shares of Teradyne (NYSE:TER) traded up $0.29 on Monday, hitting $39.96. The stock had a trading volume of 1,201,223 shares, compared to its average volume of 2,447,372. The firm has a market capitalization of $7,697.23, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 1.47 and a beta of 1.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.96 and a quick ratio of 4.67. Teradyne has a 52 week low of $25.18 and a 52 week high of $44.63.
Teradyne (NYSE:TER) last issued its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.11. The company had revenue of $503.40 million for the quarter, compared to analyst estimates of $472.86 million. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. research analysts expect that Teradyne will post 2.22 earnings per share for the current fiscal year.
In related news, VP Charles Jeffrey Gray sold 8,161 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $42.25, for a total value of $344,802.25. Following the transaction, the vice president now directly owns 31,500 shares of the company’s stock, valued at approximately $1,330,875. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brad Robbins sold 12,045 shares of Teradyne stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $42.19, for a total value of $508,178.55. Following the completion of the transaction, the insider now directly owns 7,126 shares in the company, valued at $300,645.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 172,844 shares of company stock valued at $7,244,931. 0.62% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. WFG Advisors LP increased its position in Teradyne by 21.9% in the 2nd quarter. WFG Advisors LP now owns 3,900 shares of the semiconductor company’s stock worth $117,000 after buying an additional 700 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in Teradyne by 2,678.1% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,195 shares of the semiconductor company’s stock worth $156,000 after buying an additional 4,044 shares during the period. Paradigm Asset Management Co. LLC increased its position in Teradyne by 193.3% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock worth $132,000 after buying an additional 2,900 shares during the period. Krilogy Financial LLC bought a new position in Teradyne in the 3rd quarter worth approximately $179,000. Finally, IFP Advisors Inc increased its position in Teradyne by 4.6% in the 2nd quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock worth $144,000 after buying an additional 211 shares during the period. 96.72% of the stock is currently 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.
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