Teradyne (NASDAQ:TER) Rating Increased to Buy at Wall Street Zen

Teradyne (NASDAQ:TER) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

TER has been the subject of a number of other research reports. Robert W. Baird set a $305.00 price target on Teradyne in a research report on Wednesday, February 4th. UBS Group increased their price target on Teradyne from $200.00 to $275.00 and gave the company a “buy” rating in a report on Monday, January 26th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Evercore lifted their price target on shares of Teradyne from $200.00 to $280.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Finally, TD Cowen reissued a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and an average price target of $256.24.

Teradyne Price Performance

Teradyne stock opened at $324.85 on Friday. The business has a 50 day simple moving average of $240.98 and a 200-day simple moving average of $178.43. Teradyne has a 12 month low of $65.77 and a 12 month high of $327.99. The stock has a market capitalization of $50.87 billion, a PE ratio of 93.35, a price-to-earnings-growth ratio of 1.96 and a beta of 1.83.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.44. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $970.44 million. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. Teradyne’s quarterly revenue was up 43.9% on a year-over-year basis. During the same period last year, the firm posted $0.95 EPS. As a group, equities research analysts anticipate that Teradyne will post 3.88 EPS for the current year.

Insider Transactions at Teradyne

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

Hedge Funds Weigh In On Teradyne

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Teradyne by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock valued at $2,947,935,000 after acquiring an additional 444,940 shares during the period. State Street Corp increased its stake in Teradyne by 0.9% in the fourth quarter. State Street Corp now owns 7,078,635 shares of the company’s stock valued at $1,370,141,000 after purchasing an additional 60,986 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Teradyne by 6.8% in 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. Price T Rowe Associates Inc. MD boosted its position in shares of Teradyne by 18.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company’s stock worth $813,640,000 after purchasing an additional 659,273 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Teradyne by 79.7% in the 2nd quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock valued at $340,353,000 after buying an additional 1,679,215 shares during the period. Institutional investors own 99.77% of the company’s stock.

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.