Teradyne, Inc. (NYSE:TER) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “Teradyne is a leading provider of automated test equipment. On a year-to-date basis, the stock has outperformed the industry it belongs to. Also, Teradyne delivered strong third-quarter results driven by strong performance in Semiconductor Test Business and greater-than-expected image sensor Test system shipments. A recovery in the core semiconductor business (processors, MCUs and power management), long-term opportunities in the high-growth wireless test market, growing memory market exposure, strong product lineup, lean cost structure and strong balance sheet are positives. Given the popularity of its products, the Universal Robots acquisition and the continuous design win momentum; the company is optimistic long-term prospects. However, volatility in the test market could be a concern in the near term.”

Other equities research analysts have also recently issued research reports about the stock. KeyCorp reissued a “buy” rating and set a $47.00 target price on shares of Teradyne in a research report on Friday, October 27th. Citigroup Inc. reissued a “buy” rating and set a $43.00 target price on shares of Teradyne in a research report on Tuesday, September 19th. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of Teradyne in a research report on Friday, September 1st. BidaskClub raised shares of Teradyne from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Finally, Cowen and Company set a $41.00 price target on shares of Teradyne and gave the stock a “buy” rating in a report on Friday, July 28th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $41.00.

Teradyne (NYSE TER) traded down $0.74 during trading hours on Thursday, reaching $43.28. 1,392,500 shares of the company were exchanged, compared to its average volume of 2,442,622. Teradyne has a 12 month low of $23.39 and a 12 month high of $44.63. 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 stock has a market capitalization of $8,634.86, a PE ratio of 20.01, a price-to-earnings-growth ratio of 1.65 and a beta of 1.04.

Teradyne (NYSE:TER) last posted its earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.11. Teradyne had a net margin of 21.11% and a return on equity of 22.39%. The company had revenue of $503.40 million during the quarter, compared to analysts’ expectations of $472.86 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. Teradyne’s revenue for the quarter was up 22.6% compared to the same quarter last year. equities analysts anticipate that Teradyne will post 2.22 earnings per share for the current fiscal year.

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In other news, insider Mark E. Jagiela sold 80,000 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $43.55, for a total value of $3,484,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Edwin J. Gillis sold 41,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $35.63, for a total transaction of $1,460,830.00. Following the completion of the sale, the director now owns 49,638 shares in the company, valued at approximately $1,768,601.94. The disclosure for this sale can be found here. Insiders sold 236,012 shares of company stock worth $9,495,829 in the last quarter. Company insiders own 0.62% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in shares of Teradyne by 5.8% in the second quarter. Pacer Advisors Inc. now owns 28,627 shares of the semiconductor company’s stock worth $860,000 after acquiring an additional 1,559 shares during the period. Cipher Capital LP grew its position in Teradyne by 47.5% during the second quarter. Cipher Capital LP now owns 118,758 shares of the semiconductor company’s stock valued at $3,566,000 after buying an additional 38,247 shares during the period. Paradigm Asset Management Co. LLC grew its position in Teradyne by 193.3% during the second quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock valued at $132,000 after buying an additional 2,900 shares during the period. Summit Partners Public Asset Management LLC acquired a new stake in Teradyne during the second quarter valued at $3,754,000. Finally, Westpac Banking Corp acquired a new stake in Teradyne during the second quarter valued at $5,465,000. Hedge funds and other institutional investors own 97.17% of the company’s stock.

Teradyne Company Profile

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.

Analyst Recommendations for Teradyne (NYSE:TER)

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