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

Teradyne (NASDAQ:TER) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

TER has been the topic of a number of other reports. Weiss Ratings raised Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. UBS Group upped their price objective on shares of Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a report on Monday, July 20th. Susquehanna increased their price objective on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research report on Tuesday, June 30th. Evercore restated an “outperform” rating and set a $420.00 target price on shares of Teradyne in a research note on Thursday, July 30th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $420.00 target price on shares of Teradyne in a report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $396.80.

Teradyne Stock Performance

NASDAQ TER opened at $354.97 on Friday. The firm has a market capitalization of $55.50 billion, a P/E ratio of 48.69, a price-to-earnings-growth ratio of 0.72 and a beta of 1.78. The firm’s fifty day moving average price is $380.37 and its two-hundred day moving average price is $357.25. Teradyne has a 1 year low of $109.56 and a 1 year high of $487.91.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.38. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. Teradyne’s revenue for the quarter was up 103.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. On average, research analysts anticipate that Teradyne will post 9.1 EPS for the current fiscal year.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief executive officer owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

Institutional Trading of Teradyne

Hedge funds and other institutional investors have recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Teradyne during the 2nd quarter worth approximately $1,326,000. California State Teachers Retirement System raised its position in shares of Teradyne by 46,425.7% in the second quarter. California State Teachers Retirement System now owns 115,598,569 shares of the company’s stock valued at $55,931,212,000 after buying an additional 115,350,107 shares in the last quarter. VELA Investment Management LLC acquired a new stake in shares of Teradyne in the second quarter valued at approximately $299,000. Greenland Capital Management LP bought a new stake in shares of Teradyne in the second quarter valued at approximately $396,000. Finally, Wedmont Private Capital boosted its stake in shares of Teradyne by 2.5% in the second quarter. Wedmont Private Capital now owns 3,105 shares of the company’s stock valued at $1,502,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.