Teradyne, Inc. (NYSE:TER)‘s stock had its “neutral” rating restated by equities research analysts at Credit Suisse Group in a research report issued on Thursday, July 27th.
TER has been the topic of a number of other research reports. Needham & Company LLC lifted their price target on shares of Teradyne from $32.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Zacks Investment Research lowered shares of Teradyne from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Robert W. Baird initiated coverage on shares of Teradyne in a report on Monday, April 3rd. They issued an “outperform” rating and a $37.00 target price on the stock. BidaskClub upgraded shares of Teradyne from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Finally, Stifel Nicolaus boosted their target price on shares of Teradyne from $27.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, April 25th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $35.70.
Teradyne (NYSE:TER) traded down 1.861% during trading on Thursday, reaching $34.005. The company had a trading volume of 697,262 shares. The stock has a 50 day moving average price of $33.45 and a 200 day moving average price of $32.35. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 17.546 and a beta of 0.95. Teradyne has a 12 month low of $19.92 and a 12 month high of $36.86. Teradyne also was the target of some unusual options trading activity on Monday. Investors purchased 25,233 call options on the company. This is an increase of 1,090% compared to the average volume of 2,121 call options.
Teradyne (NYSE:TER) last announced its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The business had revenue of $697 million for the quarter, compared to analysts’ expectations of $683.66 million. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. On average, equities research analysts predict that Teradyne will post $1.97 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: “Teradyne, Inc. (TER) Earns Neutral Rating from Credit Suisse Group” was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at https://stocknewstimes.com/2017/08/17/teradyne-inc-ter-given-neutral-rating-at-credit-suisse-group-updated-updated.html.
In related news, Director Michael A. Bradley sold 9,235 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $35.32, for a total transaction of $326,180.20. Following the sale, the director now directly owns 195,405 shares in the company, valued at approximately $6,901,704.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brad Robbins sold 15,892 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $34.54, for a total transaction of $548,909.68. Following the sale, the insider now owns 19,171 shares in the company, valued at $662,166.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,127 shares of company stock worth $2,190,650. Corporate insiders own 0.62% of the company’s stock.
Several institutional investors have recently modified their holdings of TER. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Teradyne by 34.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,183 shares of the semiconductor company’s stock worth $104,000 after buying an additional 1,067 shares during the last quarter. James Investment Research Inc. raised its position in Teradyne by 872.2% in the second quarter. James Investment Research Inc. now owns 48,610 shares of the semiconductor company’s stock valued at $1,460,000 after buying an additional 43,610 shares in the last quarter. Capstone Asset Management Co. raised its position in Teradyne by 3.6% in the first quarter. Capstone Asset Management Co. now owns 15,623 shares of the semiconductor company’s stock valued at $486,000 after buying an additional 540 shares in the last quarter. AXA raised its position in Teradyne by 34.4% in the first quarter. AXA now owns 984,534 shares of the semiconductor company’s stock valued at $30,619,000 after buying an additional 252,102 shares in the last quarter. Finally, Cypress Capital Management LLC WY raised its position in Teradyne by 694.4% in the second quarter. Cypress Capital Management LLC WY now owns 10,725 shares of the semiconductor company’s stock valued at $322,000 after buying an additional 9,375 shares in the last quarter. 92.90% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Teradyne Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
