Research analysts at Robert W. Baird initiated coverage on shares of Teradyne, Inc. (NYSE:TER) in a note issued to investors on Monday. The brokerage set an “outperform” rating and a $37.00 price target on the semiconductor company’s stock. Robert W. Baird’s price objective points to a potential upside of 16.06% from the company’s previous close.
Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Teradyne from a “sell” rating to a “hold” rating and set a $33.00 target price for the company in a research report on Friday, January 27th. Needham & Company LLC upped their price objective on shares of Teradyne from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, January 30th. Summit Redstone reaffirmed a “buy” rating on shares of Teradyne in a research report on Friday, January 27th. Cowen and Company upped their price objective on shares of Teradyne from $27.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, January 26th. Finally, Evercore ISI reaffirmed a “buy” rating and set a $28.00 price objective (up previously from $25.00) on shares of Teradyne in a research report on Friday, December 16th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $28.55.
Shares of Teradyne (NYSE:TER) traded up 1.07% during midday trading on Monday, hitting $32.22. The stock had a trading volume of 731,711 shares. Teradyne has a 12-month low of $18.07 and a 12-month high of $32.26. The stock’s market cap is $6.45 billion. The stock has a 50-day moving average price of $30.59 and a 200-day moving average price of $26.61.
Teradyne (NYSE:TER) last released its earnings results on Wednesday, January 25th. The semiconductor company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.10. The firm earned $380 million during the quarter, compared to analyst estimates of $348.23 million. Teradyne had a negative net margin of 2.48% and a positive return on equity of 16.79%. The business’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS. Equities analysts forecast that Teradyne will post $1.66 earnings per share for the current year.
In related news, VP Charles Jeffrey Gray sold 6,400 shares of the stock in a transaction that occurred on Friday, January 27th. The shares were sold at an average price of $27.80, for a total value of $177,920.00. Following the transaction, the vice president now directly owns 59,358 shares in the company, valued at $1,650,152.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Walter G. Vahey sold 9,188 shares of the stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $29.16, for a total transaction of $267,922.08. Following the completion of the transaction, the insider now owns 40,593 shares in the company, valued at $1,183,691.88. The disclosure for this sale can be found here. Insiders have sold 27,288 shares of company stock worth $802,631 over the last quarter. 0.76% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Teradyne during the fourth quarter valued at about $56,840,000. Peregrine Capital Management LLC bought a new stake in shares of Teradyne during the third quarter valued at about $31,858,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Teradyne during the fourth quarter valued at about $31,336,000. Russell Investments Group Ltd. bought a new stake in shares of Teradyne during the fourth quarter valued at about $21,407,000. Finally, Alkeon Capital Management LLC increased its stake in shares of Teradyne by 16.2% in the fourth quarter. Alkeon Capital Management LLC now owns 3,663,045 shares of the semiconductor company’s stock valued at $93,042,000 after buying an additional 511,482 shares in the last quarter. 91.87% of the stock is owned by institutional investors.
Teradyne Company Profile
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.
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