Teradyne’s (TER) “Neutral” Rating Reiterated at Robert W. Baird

Robert W. Baird reissued their neutral rating on shares of Teradyne (NASDAQ:TER) in a report issued on Friday morning, Marketbeat Ratings reports. Robert W. Baird currently has a $420.00 target price on the stock.

A number of other equities research analysts have also issued reports on TER. Evercore reissued an “outperform” rating and issued a $420.00 price objective on shares of Teradyne in a report on Thursday, July 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $550.00 target price on shares of Teradyne in a research note on Wednesday, July 29th. Susquehanna boosted their target price on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target for the company in a research note on Thursday, April 30th. Finally, Citigroup raised their price target on shares of Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price of $396.80.

Teradyne Stock Performance

Shares of Teradyne stock opened at $375.74 on Friday. The business’s 50 day moving average price is $386.46 and its 200 day moving average price is $354.52. The company has a market cap of $58.74 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 0.76 and a beta of 1.78. Teradyne has a one year low of $109.56 and a one year high of $487.91.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the business earned $0.57 EPS. The firm’s quarterly revenue was up 103.9% on a year-over-year basis. On average, analysts predict that Teradyne will post 9.1 EPS for the current fiscal year.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the sale, the chief executive officer directly owned 112,495 shares in the company, valued at approximately $47,810,375. The trade was a 3.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Teradyne

Institutional investors have recently made changes to their positions in the stock. Community Financial Services Group LLC purchased a new position in shares of Teradyne during the 2nd quarter worth approximately $29,000. Elevation Wealth Partners LLC raised its position in Teradyne by 1,320.0% in the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after purchasing an additional 66 shares during the period. Mcdonald Partners LLC purchased a new stake in Teradyne in the second quarter valued at approximately $36,000. Hilltop National Bank acquired a new position in Teradyne during the second quarter worth $41,000. Finally, McIlrath & Eck LLC acquired a new position in Teradyne during the first quarter worth $30,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.