Teradyne (NASDAQ:TER) Earns “Neutral” Rating from Robert W. Baird

Teradyne (NASDAQ:TER)‘s stock had its “neutral” rating reissued by investment analysts at Robert W. Baird in a research note issued on Friday,Benzinga reports. They presently have a $420.00 price objective on the stock. Robert W. Baird’s price target indicates a potential upside of 9.62% from the company’s current price.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target on the stock in a report on Thursday, April 30th. Stifel Nicolaus upped their price objective on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Evercore reissued an “outperform” rating and set a $420.00 target price on shares of Teradyne in a research report on Thursday, July 30th. Bank of America raised their target price on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Finally, Citigroup boosted their price target on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $396.80.

Teradyne Stock Up 0.9%

TER stock opened at $383.15 on Friday. The company has a 50 day moving average of $387.01 and a two-hundred day moving average of $353.63. The company has a market cap of $59.90 billion, a price-to-earnings ratio of 52.56, a PEG ratio of 0.77 and a beta of 1.78. Teradyne has a 12-month low of $107.82 and a 12-month high of $487.91.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the company posted $0.57 EPS. Teradyne’s revenue was up 103.9% on a year-over-year basis. On average, research analysts anticipate that Teradyne will post 9.1 EPS for the current year.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction on Monday, August 17th. The stock was sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TER. Community Financial Services Group LLC bought a new stake in shares of Teradyne during the second quarter worth $29,000. Elevation Wealth Partners LLC boosted 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 valued at $34,000 after buying an additional 66 shares during the last quarter. Mcdonald Partners LLC acquired a new position in shares of Teradyne during the second quarter valued at $36,000. Hilltop National Bank bought a new stake in Teradyne during the 2nd quarter worth about $41,000. Finally, McIlrath & Eck LLC bought a new stake in shares of Teradyne during the first quarter worth approximately $30,000. 99.77% of the stock is owned by institutional investors and hedge funds.

About Teradyne

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.