Teradyne (NASDAQ:TER) Given Neutral Rating at Cantor Fitzgerald

Cantor Fitzgerald restated their neutral rating on shares of Teradyne (NASDAQ:TER) in a research report sent to investors on Thursday morning, Benzinga reports. Cantor Fitzgerald currently has a $110.00 price target on the stock.

TER has been the topic of a number of other research reports. JPMorgan Chase & Co. lifted their price target on Teradyne from $100.00 to $110.00 and gave the company a neutral rating in a report on Thursday, April 11th. Evercore ISI initiated coverage on Teradyne in a research report on Tuesday, April 16th. They issued an outperform rating and a $130.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Teradyne currently has an average rating of Hold and a consensus target price of $115.50.

Teradyne Price Performance

Shares of NASDAQ TER traded up $4.13 during mid-day trading on Thursday, hitting $113.04. The company had a trading volume of 1,846,090 shares, compared to its average volume of 1,882,171. The stock has a market cap of $17.29 billion, a price-to-earnings ratio of 42.97 and a beta of 1.56. Teradyne has a 12 month low of $81.07 and a 12 month high of $119.20. The firm’s 50 day simple moving average is $105.38 and its two-hundred day simple moving average is $100.43.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.18. The company had revenue of $599.82 million for the quarter, compared to analysts’ expectations of $566.31 million. Teradyne had a return on equity of 19.06% and a net margin of 16.15%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.55 EPS. Equities analysts forecast that Teradyne will post 2.82 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Sanjay Mehta sold 8,653 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total value of $909,430.30. Following the completion of the transaction, the chief financial officer now owns 31,180 shares in the company, valued at approximately $3,277,018. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Sanjay Mehta sold 8,653 shares of the firm’s stock in a transaction dated 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 approximately $3,277,018. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ernest E. Maddock bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average price of $94.07 per share, with a total value of $94,070.00. Following the completion of the purchase, the director now directly owns 4,728 shares in the company, valued at approximately $444,762.96. The disclosure for this purchase can be found here. Corporate insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TER. Norges Bank acquired a new position in Teradyne during the fourth quarter valued at approximately $188,873,000. Allspring Global Investments Holdings LLC grew its stake in shares of Teradyne by 489.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,073,278 shares of the company’s stock worth $208,282,000 after purchasing an additional 1,721,306 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Teradyne by 26.9% in the fourth quarter. Van ECK Associates Corp now owns 4,361,091 shares of the company’s stock worth $473,265,000 after purchasing an additional 923,612 shares during the last quarter. Boston Partners boosted its position in Teradyne by 38.5% during the third quarter. Boston Partners now owns 2,351,867 shares of the company’s stock valued at $236,164,000 after acquiring an additional 654,181 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Teradyne by 24.4% during the 3rd quarter. Invesco Ltd. now owns 2,427,501 shares of the company’s stock worth $243,867,000 after purchasing an additional 476,763 shares in the last quarter. 99.77% of the stock is 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.