Teradyne (NASDAQ:TER) Earns “Neutral” Rating from Robert W. Baird

Teradyne (NASDAQ:TER)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Robert W. Baird in a research note issued on Friday,Benzinga reports. They currently have a $420.00 target price on the stock. Robert W. Baird’s price target would suggest a potential upside of 9.62% from the company’s previous close.

A number of other equities analysts have also weighed in on TER. Weiss Ratings upgraded Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Susquehanna boosted their price objective on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a report on Tuesday, June 30th. Stifel Nicolaus increased their price target on Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $550.00 price target on shares of Teradyne in a research note on Wednesday, July 29th. Finally, Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price of $396.80.

Teradyne Trading Up 0.9%

TER opened at $383.15 on Friday. The firm’s fifty day simple moving average is $387.01 and its 200 day simple moving average is $353.63. The stock has a market capitalization of $59.90 billion, a P/E ratio of 52.56, a P/E/G ratio of 0.77 and a beta of 1.78. Teradyne has a 12 month low of $107.82 and a 12 month high of $487.91.

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

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at $47,810,375. This trade represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Teradyne during the fourth quarter worth $28,000. Community Financial Services Group LLC acquired a new position in Teradyne in the second quarter valued at $29,000. McIlrath & Eck LLC bought a new stake in Teradyne during the first quarter valued at $30,000. Elevation Wealth Partners LLC grew its holdings in Teradyne by 1,320.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after acquiring an additional 66 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new stake in Teradyne during the 2nd quarter worth about $35,000. 99.77% of the stock is owned by institutional investors.

About Teradyne

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.