Teradyne, Inc. (NASDAQ:TER) Given Average Recommendation of “Hold” by Brokerages

Teradyne, Inc. (NASDAQ:TER) has been assigned a consensus rating of “Hold” from the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $141.50.

TER has been the subject of several research analyst reports. Citigroup cut their price objective on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a report on Friday, July 26th. JPMorgan Chase & Co. upped their target price on Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Evercore ISI downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. UBS Group upped their price objective on shares of Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Finally, Robert W. Baird lifted their target price on shares of Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th.

Insider Buying and Selling at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total value of $80,481.25. Following the sale, the director now directly owns 17,143 shares in the company, valued at approximately $2,207,504.11. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Richard John Burns sold 5,005 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $137.64, for a total transaction of $688,888.20. Following the transaction, the insider now owns 21,780 shares in the company, valued at $2,997,799.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the sale, the director now owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The disclosure for this sale can be found here. Insiders sold 6,255 shares of company stock valued at $859,269 in the last 90 days. Insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Teradyne by 0.7% during the first quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock valued at $2,078,462,000 after purchasing an additional 135,286 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Teradyne by 10.4% during the 1st quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock valued at $543,278,000 after buying an additional 453,926 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Teradyne by 1.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock worth $682,597,000 after buying an additional 57,989 shares during the period. Nordea Investment Management AB increased its stake in shares of Teradyne by 14.6% in the 1st quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock worth $342,178,000 after acquiring an additional 385,115 shares in the last quarter. Finally, Boston Partners lifted its position in Teradyne by 23.2% during the 4th quarter. Boston Partners now owns 2,896,349 shares of the company’s stock valued at $314,324,000 after acquiring an additional 544,482 shares during the period. Institutional investors own 99.77% of the company’s stock.

Teradyne Trading Up 1.1 %

Shares of NASDAQ TER opened at $133.12 on Friday. The business has a 50-day moving average of $141.28 and a 200-day moving average of $123.12. The firm has a market capitalization of $21.72 billion, a price-to-earnings ratio of 50.62, a PEG ratio of 2.57 and a beta of 1.50. Teradyne has a 12 month low of $81.07 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The firm had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. During the same quarter in the prior year, the firm earned $0.79 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts predict that Teradyne will post 3.02 earnings per share for the current year.

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.