Teradyne, Inc. (NYSE:TER) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

According to Zacks, “Teradyne is a leading provider of automated test equipment. Over the last one year, the stock has outperformed the Zacks Electronics – Testing Equipment industry. Also, Teradyne’s first quarter results surpassed the Zacks Consensus Estimate on earnings and revenue. A recovery in the core semiconductor business (processors, MCUs and power management), long-term opportunities in the high-growth wireless test market, growing memory market exposure, strong product lineup, lean cost structure and strong balance sheet are positives. Given the popularity of its products, the Universal Robots acquisition and the continuous design win momentum; the company is optimistic long-term prospects. However, weakness in the wireless test market could be a concern in the near term.”

Other research analysts also recently issued reports about the company. BidaskClub downgraded Teradyne from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. ValuEngine raised Teradyne from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Deutsche Bank AG increased their price objective on Teradyne from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, April 24th. Cowen and Company raised their target price on Teradyne from $35.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, April 27th. Finally, Stifel Nicolaus raised Teradyne from a “hold” rating to a “buy” rating and raised their target price for the stock from $32.00 to $39.00 in a research note on Wednesday, July 5th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $31.71.

Teradyne (TER) traded up 0.12% during midday trading on Monday, hitting $34.03. 678,347 shares of the stock traded hands. The firm’s market cap is $6.77 billion. Teradyne has a 12 month low of $19.43 and a 12 month high of $36.59. The company’s 50 day moving average price is $33.97 and its 200 day moving average price is $30.58.

Teradyne (NYSE:TER) last announced its earnings results on Wednesday, April 26th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. Teradyne had a positive return on equity of 18.34% and a negative net margin of 0.46%. The firm had revenue of $457 million for the quarter, compared to analyst estimates of $440.96 million. During the same quarter last year, the firm posted $0.31 EPS. The business’s revenue was up 6.0% on a year-over-year basis. Equities research analysts predict that Teradyne will post $1.89 earnings per share for the current fiscal year.

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In other news, Director Daniel W. Christman sold 3,232 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $35.65, for a total transaction of $115,220.80. Following the sale, the director now owns 30,163 shares of the company’s stock, valued at approximately $1,075,310.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mercedes Johnson sold 8,000 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $35.07, for a total value of $280,560.00. Following the sale, the director now directly owns 14,773 shares in the company, valued at approximately $518,089.11. The disclosure for this sale can be found here. Insiders sold a total of 20,467 shares of company stock valued at $721,961 in the last quarter. Company insiders own 0.62% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TER. World Asset Management Inc raised its position in Teradyne by 0.7% in the first quarter. World Asset Management Inc now owns 12,414 shares of the semiconductor company’s stock valued at $386,000 after buying an additional 82 shares during the period. Utah Retirement Systems raised its position in Teradyne by 0.3% in the first quarter. Utah Retirement Systems now owns 36,957 shares of the semiconductor company’s stock valued at $1,149,000 after buying an additional 100 shares during the period. Quadrant Capital Group LLC raised its position in Teradyne by 3.0% in the first quarter. Quadrant Capital Group LLC now owns 3,477 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 101 shares during the period. Arizona State Retirement System raised its position in Teradyne by 0.4% in the first quarter. Arizona State Retirement System now owns 83,300 shares of the semiconductor company’s stock worth $2,591,000 after buying an additional 348 shares during the last quarter. Finally, State Treasurer State of Michigan raised its position in Teradyne by 0.5% in the first quarter. State Treasurer State of Michigan now owns 81,400 shares of the semiconductor company’s stock worth $2,532,000 after buying an additional 400 shares during the last quarter. 93.55% of the stock is currently owned by institutional investors.

About Teradyne

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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