Teradyne (NASDAQ:TER) Stock Rating Upgraded by Wall Street Zen

Teradyne (NASDAQ:TERGet Free Report) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday, Wall Street Zen reports.

A number of other brokerages also recently issued reports on TER. Cantor Fitzgerald restated an “overweight” rating and issued a $550.00 price target on shares of Teradyne in a research report on Wednesday, July 29th. UBS Group boosted their price objective on shares of Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Bank of America increased their target price on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Robert W. Baird restated a “neutral” rating and issued a $420.00 target price on shares of Teradyne in a report on Friday, August 21st. Finally, Morgan Stanley lifted their price target on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price of $396.80.

View Our Latest Report on Teradyne

Teradyne Stock Up 2.7%

Teradyne stock opened at $381.54 on Friday. The company’s 50-day moving average price is $365.02 and its 200-day moving average price is $361.43. The company has a market cap of $59.65 billion, a PE ratio of 52.34, a price-to-earnings-growth ratio of 0.75 and a beta of 1.78. Teradyne has a twelve month low of $126.02 and a twelve month high of $487.91.

Teradyne (NASDAQ:TERGet Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business posted $0.57 earnings per share. The firm’s revenue was up 103.9% on a year-over-year basis. As a group, sell-side analysts expect that Teradyne will post 9.1 earnings per share for the current fiscal year.

Insider Activity at Teradyne

In related news, CEO Gregory Smith sold 4,000 shares of Teradyne stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $337.83, for a total value of $1,351,320.00. Following the completion of the sale, the chief executive officer directly owned 108,495 shares in the company, valued at $36,652,865.85. The trade was a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Several institutional investors have recently bought and sold shares of TER. Carolina Wealth Advisors LLC grew its stake in Teradyne by 42.5% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company’s stock valued at $55,000 after acquiring an additional 34 shares during the period. Vestor Capital LLC raised its position in Teradyne by 15.4% during the first quarter. Vestor Capital LLC now owns 285 shares of the company’s stock worth $85,000 after acquiring an additional 38 shares during the period. Ashton Thomas Private Wealth LLC raised its position in Teradyne by 5.8% during the second quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company’s stock worth $352,000 after acquiring an additional 40 shares during the period. Whittier Trust Co. lifted its holdings in Teradyne by 5.5% during the first quarter. Whittier Trust Co. now owns 827 shares of the company’s stock valued at $261,000 after purchasing an additional 43 shares in the last quarter. Finally, Contravisory Investment Management Inc. lifted its holdings in Teradyne by 1.0% during the second quarter. Contravisory Investment Management Inc. now owns 4,661 shares of the company’s stock valued at $2,255,000 after purchasing an additional 44 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

  • Positive Sentiment: New AI data-center opportunity: Teradyne introduced Iris 100, a production-ready optical test system for microLED devices used in optical data interconnects for AI data centers. The product could expand Teradyne’s semiconductor-test opportunity as demand rises for higher-speed data-center connectivity. Teradyne Introduces Iris 100: Production-Proven Test System for MicroLED Devices
  • Positive Sentiment: Strong earnings momentum: Teradyne’s latest reported quarter exceeded expectations, with earnings per share of $2.47 versus the $2.09 consensus estimate and revenue of $1.33 billion versus $1.22 billion expected. Revenue rose 103.9% year over year, reinforcing investor confidence in the company’s growth outlook. Teradyne stock gains on MicroLED test launch and strong earnings
  • Positive Sentiment: Improved market sentiment: Wall Street Zen upgraded Teradyne following the strong earnings performance, contributing to buying interest and supporting the stock’s recent upward momentum. Teradyne upgraded at Wall Street Zen
  • Neutral Sentiment: Valuation remains a consideration: Teradyne trades at a relatively elevated earnings multiple after a substantial rally, leaving the stock sensitive to execution, semiconductor-cycle conditions, and the pace at which Iris 100 generates revenue.

About Teradyne

(Get Free Report)

Teradyne, Inc (NASDAQ: TER) develops and supplies automated test equipment and industrial automation solutions. Its testing products are used by semiconductor, electronics, wireless, storage and other manufacturers to evaluate the performance and quality of components, devices and systems during production.

The company’s semiconductor test business provides systems for testing logic, memory, analog and mixed-signal devices, along with related handlers and software. Teradyne also offers system and product test solutions for electronic equipment and wireless devices.

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Analyst Recommendations for Teradyne (NASDAQ:TER)

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