Teradyne, Inc. (NYSE:TER) had its target price hoisted by analysts at Citigroup Inc. from $43.00 to $48.00 in a research report issued on Monday, October 30th. The firm currently has a “buy” rating on the semiconductor company’s stock. Citigroup Inc.’s price target indicates a potential upside of 10.17% from the company’s current price.
Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Friday, September 8th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $41.00 price target (up from $32.00) on shares of Teradyne in a research report on Monday, September 18th. Stifel Nicolaus reissued a “buy” rating on shares of Teradyne in a report on Thursday, July 27th. BidaskClub raised Teradyne from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Finally, Cowen and Company set a $41.00 price objective on Teradyne and gave the stock a “buy” rating in a report on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $40.17.
Shares of Teradyne (NYSE:TER) traded down $0.26 during trading on Monday, hitting $43.57. The stock had a trading volume of 1,617,888 shares, compared to its average volume of 2,452,799. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.96 and a quick ratio of 4.67. The firm has a market cap of $8,600.00, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.63 and a beta of 1.04. Teradyne has a fifty-two week low of $23.39 and a fifty-two week high of $44.33.
Teradyne (NYSE:TER) last announced its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. The business had revenue of $503.40 million for the quarter, compared to analysts’ expectations of $472.86 million. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. research analysts forecast that Teradyne will post 2.22 EPS for the current year.
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In other news, Director Michael A. Bradley sold 22,168 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $35.64, for a total transaction of $790,067.52. Following the completion of the sale, the director now directly owns 194,938 shares of the company’s stock, valued at approximately $6,947,590.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael A. Bradley sold 20,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $43.67, for a total value of $873,400.00. Following the sale, the director now directly owns 133,504 shares of the company’s stock, valued at $5,830,119.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 236,012 shares of company stock valued at $9,495,829. 0.62% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MML Investors Services LLC lifted its holdings in shares of Teradyne by 0.8% in the second quarter. MML Investors Services LLC now owns 24,382 shares of the semiconductor company’s stock valued at $732,000 after purchasing an additional 188 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Teradyne by 4.6% in the second quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock valued at $144,000 after purchasing an additional 211 shares in the last quarter. People s United Financial Inc. lifted its holdings in shares of Teradyne by 1.8% in the second quarter. People s United Financial Inc. now owns 18,148 shares of the semiconductor company’s stock valued at $545,000 after purchasing an additional 316 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Teradyne by 6.7% during the first quarter. PNC Financial Services Group Inc. now owns 7,207 shares of the semiconductor company’s stock worth $224,000 after acquiring an additional 454 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Teradyne by 1.6% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 35,078 shares of the semiconductor company’s stock worth $691,000 after acquiring an additional 559 shares in the last quarter. Institutional investors own 90.65% of the company’s stock.
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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