Teradyne (NYSE:TER) was upgraded by equities research analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other research firms have also issued reports on TER. Robert W. Baird reaffirmed a “positive” rating and set a $48.00 target price (up from $37.00) on shares of Teradyne in a report on Friday, October 27th. Zacks Investment Research lowered Teradyne from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of Teradyne in a report on Friday, September 1st. KeyCorp reaffirmed a “buy” rating and set a $47.00 target price on shares of Teradyne in a report on Friday, October 27th. Finally, Susquehanna Bancshares reissued a “neutral” rating and issued a $41.00 price objective (up previously from $32.00) on shares of Teradyne in a research note on Monday, September 18th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Teradyne currently has an average rating of “Buy” and an average price target of $41.25.

Teradyne (NYSE:TER) opened at $40.83 on Tuesday. The company has a market capitalization of $8,010.00, a price-to-earnings ratio of 18.39, a PEG ratio of 1.52 and a beta of 1.01. The company has a current ratio of 4.96, a quick ratio of 4.67 and a debt-to-equity ratio of 0.17. Teradyne has a fifty-two week low of $25.24 and a fifty-two week high of $44.63.

Teradyne (NYSE:TER) last issued its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.11. The company had revenue of $503.40 million for the quarter, compared to analyst estimates of $472.86 million. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. sell-side analysts predict that Teradyne will post 2.22 EPS for the current fiscal year.

In other news, Director Michael A. Bradley sold 20,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $43.67, for a total transaction of $873,400.00. Following the completion of the sale, the director now owns 133,504 shares in the company, valued at $5,830,119.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Charles Jeffrey Gray sold 8,161 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $42.25, for a total value of $344,802.25. Following the sale, the vice president now owns 31,500 shares of the company’s stock, valued at approximately $1,330,875. The disclosure for this sale can be found here. In the last three months, insiders sold 140,206 shares of company stock worth $6,066,881. Insiders own 0.62% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. AXA raised its position in shares of Teradyne by 18.8% during the third quarter. AXA now owns 1,441,911 shares of the semiconductor company’s stock worth $53,769,000 after acquiring an additional 228,063 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Teradyne during the third quarter worth $325,000. Public Employees Retirement System of Ohio raised its position in shares of Teradyne by 30.5% during the third quarter. Public Employees Retirement System of Ohio now owns 173,908 shares of the semiconductor company’s stock worth $6,485,000 after acquiring an additional 40,596 shares during the last quarter. Moors & Cabot Inc. bought a new stake in shares of Teradyne during the third quarter worth $229,000. Finally, Argent Capital Management LLC bought a new stake in shares of Teradyne during the third quarter worth $47,393,000. Institutional investors own 96.72% of the company’s stock.

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About Teradyne

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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