Teradyne (NASDAQ:TER) Rating Lowered to Hold at Vertical Research

Teradyne (NASDAQ:TER) was downgraded by stock analysts at Vertical Research from a “buy” rating to a “hold” rating in a report released on Friday. They currently have a $220.00 target price on the stock. Vertical Research’s target price would suggest a potential upside of 1.71% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $240.00 target price on shares of Teradyne in a research note on Tuesday, December 16th. Evercore ISI boosted their price target on shares of Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Teradyne in a research note on Wednesday, October 8th. Northland Securities set a $186.00 target price on Teradyne in a report on Thursday, October 30th. Finally, Bank of America upgraded Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 price target for the company in a report on Wednesday, October 29th. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.06.

Teradyne Trading Down 2.8%

NASDAQ:TER opened at $216.31 on Friday. Teradyne has a 1-year low of $65.77 and a 1-year high of $229.66. The firm has a market capitalization of $33.88 billion, a price-to-earnings ratio of 78.66, a PEG ratio of 1.61 and a beta of 1.84. The business’s 50-day moving average price is $189.15 and its two-hundred day moving average price is $141.59.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. The company had revenue of $769.21 million during the quarter, compared to analysts’ expectations of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.Teradyne’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 EPS. Sell-side analysts predict that Teradyne will post 3.88 earnings per share for the current year.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the transaction, the chief executive officer directly owned 93,409 shares in the company, valued at approximately $18,804,165.79. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Teradyne

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Teradyne by 2.1% in the third quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock valued at $2,947,935,000 after purchasing an additional 444,940 shares in the last quarter. State Street Corp lifted its holdings in Teradyne by 0.3% during the 3rd quarter. State Street Corp now owns 7,017,649 shares of the company’s stock valued at $965,909,000 after purchasing an additional 24,154 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Teradyne by 6.8% during the third quarter. Ameriprise Financial Inc. now owns 5,256,857 shares of the company’s stock worth $723,600,000 after purchasing an additional 336,757 shares during the period. Federated Hermes Inc. raised its position in shares of Teradyne by 79.7% in the second quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock valued at $340,353,000 after purchasing an additional 1,679,215 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Teradyne by 11.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,473,173 shares of the company’s stock valued at $490,134,000 after acquiring an additional 354,876 shares during the period. 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.