Teradyne (NASDAQ:TER) Coverage Initiated by Analysts at Evercore ISI

Investment analysts at Evercore ISI started coverage on shares of Teradyne (NASDAQ:TER) in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm set an “outperform” rating and a $130.00 price target on the stock. Evercore ISI’s price objective would indicate a potential upside of 27.36% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 target price on shares of Teradyne in a research note on Monday, March 4th. JPMorgan Chase & Co. boosted their target price on Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $113.73.

Teradyne Trading Down 2.7 %

Shares of NASDAQ TER opened at $102.07 on Tuesday. Teradyne has a twelve month low of $81.07 and a twelve month high of $119.20. The stock has a fifty day simple moving average of $105.45 and a 200-day simple moving average of $100.41. The stock has a market capitalization of $15.61 billion, a PE ratio of 37.39 and a beta of 1.56.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. The business had revenue of $670.60 million during the quarter, compared to analysts’ expectations of $674.99 million. During the same period in the previous year, the firm posted $0.92 earnings per share. The company’s revenue was down 8.4% on a year-over-year basis. On average, equities analysts predict that Teradyne will post 2.95 earnings per share for the current year.

Insider Transactions at Teradyne

In other news, insider Richard John Burns sold 317 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $112.68, for a total value of $35,719.56. Following the completion of the sale, the insider now directly owns 20,300 shares of the company’s stock, valued at approximately $2,287,404. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Ernest E. Maddock bought 1,000 shares of Teradyne stock in a transaction dated Thursday, February 1st. The stock was acquired at an average cost of $94.07 per share, with a total value 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 acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Richard John Burns sold 317 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $112.68, for a total value of $35,719.56. Following the completion of the sale, the insider now directly owns 20,300 shares of the company’s stock, valued at $2,287,404. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,797 shares of company stock valued at $1,248,237. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Teradyne

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Teradyne by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 18,285,900 shares of the company’s stock worth $1,984,386,000 after acquiring an additional 89,511 shares during the period. BlackRock Inc. lifted its position in Teradyne by 1.7% during the 1st quarter. BlackRock Inc. now owns 13,566,844 shares of the company’s stock worth $1,458,571,000 after acquiring an additional 229,924 shares during the period. FMR LLC lifted its holdings in shares of Teradyne by 3.9% in the 3rd quarter. FMR LLC now owns 11,533,715 shares of the company’s stock valued at $1,158,677,000 after buying an additional 437,054 shares during the period. State Street Corp lifted its holdings in shares of Teradyne by 2.1% in the 1st quarter. State Street Corp now owns 6,423,963 shares of the company’s stock valued at $690,640,000 after buying an additional 131,204 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Teradyne by 2.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,432,153 shares of the company’s stock valued at $445,254,000 after buying an additional 106,848 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

About Teradyne

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.