Teradyne (NASDAQ:TER) Upgraded to Hold at Wall Street Zen

Teradyne (NASDAQ:TER) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other analysts have also issued reports on the stock. UBS Group reissued a “buy” rating and issued a $130.00 price target (up previously from $120.00) on shares of Teradyne in a research report on Thursday, July 31st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $102.00 price objective (up previously from $88.00) on shares of Teradyne in a research note on Thursday, July 17th. Susquehanna reduced their price objective on shares of Teradyne from $155.00 to $133.00 and set a “positive” rating for the company in a research note on Wednesday, April 30th. Stifel Nicolaus boosted their price objective on shares of Teradyne from $85.00 to $100.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald set a $105.00 price objective on shares of Teradyne and gave the company an “overweight” rating in a research note on Tuesday, June 24th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and an average target price of $114.44.

Teradyne Stock Performance

Shares of TER stock opened at $109.42 on Friday. The firm has a market cap of $17.41 billion, a price-to-earnings ratio of 37.86, a P/E/G ratio of 2.34 and a beta of 1.72. Teradyne has a 52 week low of $65.77 and a 52 week high of $144.16. The firm’s 50-day simple moving average is $95.21 and its two-hundred day simple moving average is $91.45.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. The business had revenue of $651.80 million for the quarter, compared to analyst estimates of $649.02 million. During the same quarter in the previous year, the firm posted $0.86 earnings per share. The company’s revenue for the quarter was down 10.7% on a year-over-year basis. Analysts forecast that Teradyne will post 3.88 earnings per share for the current year.

Teradyne declared that its board has approved a stock repurchase program on Monday, April 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 8.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 554 shares of Teradyne stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $106.00, for a total transaction of $58,724.00. Following the completion of the sale, the chief executive officer directly owned 96,993 shares in the company, valued at approximately $10,281,258. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.16% of the company’s stock.

Institutional Trading of Teradyne

Institutional investors and hedge funds have recently made changes to their positions in the company. Berbice Capital Management LLC raised its holdings in Teradyne by 200.0% in the first quarter. Berbice Capital Management LLC now owns 300 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares in the last quarter. Manchester Capital Management LLC raised its holdings in Teradyne by 44.7% in the first quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock worth $37,000 after purchasing an additional 140 shares in the last quarter. Brooklyn Investment Group raised its holdings in Teradyne by 189.9% in the first quarter. Brooklyn Investment Group now owns 461 shares of the company’s stock worth $38,000 after purchasing an additional 302 shares in the last quarter. Steph & Co. bought a new position in Teradyne in the second quarter worth about $43,000. Finally, MUFG Securities EMEA plc bought a new position in Teradyne in the second quarter worth about $43,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Company Profile

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.