Teradyne, Inc. (NYSE:TER) had its target price lifted by Citigroup Inc. from $43.00 to $48.00 in a report issued on Monday morning. The firm currently has a buy rating on the semiconductor company’s stock.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Teradyne from a hold rating to a buy rating and set a $40.00 price objective for the company in a report on Friday, September 8th. Susquehanna Bancshares Inc restated a neutral rating and issued a $41.00 price objective (up from $32.00) on shares of Teradyne in a report on Monday, September 18th. Stifel Nicolaus restated a buy rating on shares of Teradyne in a report on Thursday, July 27th. BidaskClub upgraded shares of Teradyne from a hold rating to a buy rating in a report on Thursday, August 17th. Finally, Robert W. Baird restated a positive rating and issued a $48.00 price objective (up from $37.00) on shares of Teradyne in a report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Teradyne has a consensus rating of Buy and a consensus price target of $40.17.
Teradyne (NYSE:TER) last announced its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.11. The firm had revenue of $503.40 million during the quarter, compared to analyst estimates of $472.86 million. Teradyne had a net margin of 21.11% and a return on equity of 22.39%. The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 EPS.
In related news, Director Edwin J. Gillis sold 41,000 shares of Teradyne stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $35.63, for a total value of $1,460,830.00. Following the transaction, the director now directly owns 49,638 shares of the company’s stock, valued at $1,768,601.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael A. Bradley sold 22,168 shares of Teradyne stock in a transaction on Friday, September 1st. The stock was sold at an average price of $35.64, for a total transaction of $790,067.52. Following the completion of the transaction, the director now directly owns 194,938 shares in the company, valued at $6,947,590.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,012 shares of company stock worth $4,281,929. 0.62% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the business. Greenwood Capital Associates LLC purchased a new position in Teradyne during the 3rd quarter valued at $231,000. Principal Financial Group Inc. increased its position in Teradyne by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 864,158 shares of the semiconductor company’s stock valued at $32,225,000 after purchasing an additional 7,179 shares during the period. Daiwa Securities Group Inc. purchased a new position in Teradyne during the 3rd quarter valued at $3,167,000. State of Tennessee Treasury Department increased its position in Teradyne by 28.6% during the 3rd quarter. State of Tennessee Treasury Department now owns 180,000 shares of the semiconductor company’s stock valued at $6,712,000 after purchasing an additional 40,000 shares during the period. Finally, Old Mutual Global Investors UK Ltd. purchased a new position in Teradyne during the 3rd quarter valued at $839,000. 92.24% of the stock is currently owned by institutional investors and hedge funds.
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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