Teradyne (NASDAQ:TER) Receives Neutral Rating from Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their neutral rating on shares of Teradyne (NASDAQ:TER) in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a $110.00 target price on the stock.

TER has been the subject of several other reports. JPMorgan Chase & Co. raised their target price on shares of Teradyne from $100.00 to $110.00 and gave the company a neutral rating in a research note on Thursday, April 11th. Evercore ISI started coverage on shares of Teradyne in a research note on Tuesday, April 16th. They set an outperform rating and a $130.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $117.83.

Teradyne Price Performance

Shares of NASDAQ TER opened at $114.13 on Thursday. The firm has a fifty day moving average price of $105.62 and a 200-day moving average price of $100.55. The stock has a market cap of $17.46 billion, a PE ratio of 43.40 and a beta of 1.56. Teradyne has a 1 year low of $81.07 and a 1 year high of $119.20.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.18. The company had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. Teradyne’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the company posted $0.55 earnings per share. On average, research analysts expect that Teradyne will post 2.87 EPS for the current year.

Insider Transactions at Teradyne

In other news, Director Ernest E. Maddock bought 1,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was purchased at an average price of $94.07 per share, for a total transaction of $94,070.00. Following the acquisition, the director now owns 4,728 shares of the company’s stock, valued at $444,762.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Ernest E. Maddock bought 1,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was purchased at an average price of $94.07 per share, for a total transaction of $94,070.00. Following the acquisition, the director now owns 4,728 shares of the company’s stock, valued at $444,762.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Richard John Burns sold 1,744 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $104.89, for a total transaction of $182,928.16. Following the completion of the sale, the insider now owns 16,734 shares of the company’s stock, valued at approximately $1,755,229.26. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Teradyne

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall Financial Group LLC lifted its holdings in Teradyne by 1.2% during the 4th quarter. Marshall Financial Group LLC now owns 8,251 shares of the company’s stock valued at $895,000 after buying an additional 96 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Teradyne by 24.0% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 517 shares of the company’s stock valued at $56,000 after buying an additional 100 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in Teradyne by 4.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,346 shares of the company’s stock valued at $255,000 after buying an additional 107 shares in the last quarter. Congress Asset Management Co. MA raised its holdings in shares of Teradyne by 2.9% in the 4th quarter. Congress Asset Management Co. MA now owns 3,860 shares of the company’s stock valued at $419,000 after purchasing an additional 110 shares in the last quarter. Finally, Meritage Group LP raised its holdings in shares of Teradyne by 5.3% in the 4th quarter. Meritage Group LP now owns 2,218 shares of the company’s stock valued at $241,000 after purchasing an additional 111 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.