Teradyne (NASDAQ:TER) Receives “Neutral” Rating from Cantor Fitzgerald

Teradyne (NASDAQ:TER)‘s stock had its “neutral” rating reissued by analysts at Cantor Fitzgerald in a research report issued on Thursday, Benzinga reports. They currently have a $110.00 target price on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 2.33% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Evercore ISI started coverage on Teradyne in a report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 target price for the company. JPMorgan Chase & Co. raised their price objective on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $113.73.

Teradyne Stock Up 6.8 %

TER traded up $6.80 during trading on Thursday, hitting $107.50. The company’s stock had a trading volume of 1,612,825 shares, compared to its average volume of 1,801,616. Teradyne has a twelve month low of $81.07 and a twelve month high of $119.20. The firm has a market capitalization of $16.44 billion, a P/E ratio of 39.09 and a beta of 1.56. The stock’s fifty day moving average price is $105.25 and its 200-day moving average price is $100.37.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. The firm had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 earnings per share. Equities research analysts expect that Teradyne will post 2.82 EPS for the current fiscal year.

Insider Activity

In other news, insider Richard John Burns sold 1,744 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $104.89, for a total value of $182,928.16. Following the completion of the sale, the insider now owns 16,734 shares of the company’s stock, valued at approximately $1,755,229.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Ernest E. Maddock bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the completion of the transaction, the director now owns 4,728 shares of the company’s stock, valued at $444,762.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard John Burns sold 1,744 shares of Teradyne stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $104.89, for a total transaction of $182,928.16. Following the transaction, the insider now directly owns 16,734 shares of the company’s stock, valued at $1,755,229.26. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

Institutional Trading of Teradyne

Hedge funds have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC purchased a new stake in shares of Teradyne in the third quarter valued at approximately $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Teradyne in the third quarter valued at approximately $27,000. Bfsg LLC acquired a new position in Teradyne in the 1st quarter valued at about $34,000. CVA Family Office LLC acquired a new stake in Teradyne during the 4th quarter worth approximately $33,000. Finally, American National Bank acquired a new position in shares of Teradyne in the 4th quarter valued at approximately $37,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

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.