Teradyne (NASDAQ:TER) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Teradyne (NASDAQ:TER) from a hold rating to a buy rating in a research report released on Saturday,Wall Street Zen reports.

TER has been the topic of a number of other research reports. Robert W. Baird reissued a “neutral” rating and set a $420.00 price objective on shares of Teradyne in a report on Friday, August 21st. Zacks Research lowered Teradyne from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $550.00 target price on shares of Teradyne in a research report on Wednesday, July 29th. Susquehanna upped their target price on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. Finally, Evercore reiterated an “outperform” rating and set a $420.00 price target on shares of Teradyne in a report on Thursday, July 30th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and an average price target of $396.80.

Teradyne Price Performance

NASDAQ TER opened at $309.00 on Friday. Teradyne has a fifty-two week low of $144.11 and a fifty-two week high of $487.91. The stock’s 50-day moving average is $372.26 and its two-hundred day moving average is $346.76. The firm has a market cap of $48.31 billion, a P/E ratio of 42.39, a price-to-earnings-growth ratio of 0.62 and a beta of 1.75.

Teradyne (NASDAQ:TER) last announced 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. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%. The business’s quarterly revenue was up 103.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 earnings per share. On average, equities analysts expect that Teradyne will post 9.11 EPS for the current year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, September 4th. Teradyne’s dividend payout ratio is 7.13%.

Insider Transactions at Teradyne

In other news, CEO Gregory Smith sold 4,000 shares of the firm’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $341.28, for a total value of $1,365,120.00. Following the sale, the chief executive officer directly owned 104,495 shares of the company’s stock, valued at approximately $35,662,053.60. This trade represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,000 shares of company stock worth $4,416,440 in the last three months. 0.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Teradyne

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

Trending Headlines about Teradyne

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: UBS maintained a $485 price target for Teradyne, indicating continued confidence in the company’s long-term growth prospects and substantial potential upside from recent trading levels. UBS maintains USD 485.00 target for Teradyne stock
• Positive Sentiment: Teradyne was identified as one of several beaten-down growth stocks trading at value-like levels. The article highlights potential opportunities tied to robotics, artificial intelligence and advanced semiconductor testing, which could attract investors seeking discounted growth exposure. 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
• Neutral Sentiment: Teradyne’s third-quarter results are scheduled for October 27. Investors will likely focus on semiconductor test demand, robotics growth, margins and management’s outlook. The report may produce significant volatility because expectations are elevated following the company’s strong prior-quarter revenue and earnings performance. Teradyne earnings preview
• Neutral Sentiment: Reported October short interest was zero shares, implying no measurable bearish short positioning. However, the article’s reference to a “significant increase” conflicts with the reported figure, so the data may be incomplete or erroneous. Teradyne short interest data
• Negative Sentiment: The stock has pulled back despite strong growth, partly as investor cash has rotated toward mega-cap companies. That relative weakness may continue if Teradyne’s earnings or outlook fail to exceed already-strong expectations. Growth stock market rotation article

Teradyne Company Profile

Teradyne, Inc develops and supplies automated test equipment and industrial automation products. Its systems help manufacturers test the functionality, performance, and reliability of semiconductor devices, electronic systems, wireless products, and other complex products throughout the production process.

The company’s product portfolio includes semiconductor test systems, memory and system-level test equipment, and solutions for printed circuit boards and electronic products. Teradyne also provides collaborative robots through Universal Robots and autonomous mobile robots through Mobile Industrial Robots (MiR), supporting applications such as assembly, material handling, machine tending, packaging, and warehouse logistics.

Founded in 1960 and headquartered in North Reading, Massachusetts, Teradyne serves customers worldwide, including semiconductor manufacturers, electronics producers, automotive companies, and industrial businesses.