Teradyne (NASDAQ:TER) Receives Neutral Rating from Cantor Fitzgerald

Teradyne (NASDAQ:TER)‘s stock had its “neutral” rating restated by stock analysts at Cantor Fitzgerald in a research note issued on Thursday, Benzinga reports. They presently have a $110.00 price objective on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 2.33% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Evercore ISI started coverage on shares of Teradyne in a research report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $113.73.

Teradyne Trading Up 6.8 %

NASDAQ:TER traded up $6.80 on Thursday, hitting $107.50. The company had a trading volume of 1,612,825 shares, compared to its average volume of 1,801,616. The stock has a market capitalization of $16.44 billion, a price-to-earnings ratio of 39.09 and a beta of 1.56. The firm has a 50 day moving average of $105.25 and a two-hundred day moving average of $100.37. Teradyne has a 52 week low of $81.07 and a 52 week high of $119.20.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.18. The company had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. Teradyne’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. As a group, equities analysts forecast that Teradyne will post 2.82 EPS for the current year.

Insider Activity

In other Teradyne news, CFO Sanjay Mehta sold 8,653 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total value of $909,430.30. Following the completion of the sale, the chief financial officer now directly owns 31,180 shares in the company, valued at $3,277,018. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Teradyne news, CFO Sanjay Mehta sold 8,653 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total value of $909,430.30. Following the sale, the chief financial officer now directly owns 31,180 shares of the company’s stock, valued at $3,277,018. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Richard John Burns sold 1,744 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $104.89, for a total transaction of $182,928.16. Following the sale, the insider now owns 16,734 shares in the company, valued at approximately $1,755,229.26. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC acquired a new position in Teradyne in the 3rd quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Teradyne in the third quarter valued at $27,000. CVA Family Office LLC purchased a new position in shares of Teradyne during the fourth quarter worth approximately $33,000. Bfsg LLC purchased a new stake in Teradyne during the 1st quarter valued at approximately $34,000. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Teradyne in the third quarter valued at about $36,000. Hedge funds and other institutional investors 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.