Zacks Research Upgrades Teradyne (NASDAQ:TER) to Strong-Buy

Teradyne (NASDAQ:TER) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

TER has been the topic of a number of other research reports. Stifel Nicolaus lifted their price objective on shares of Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Citigroup lifted their price objective on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Royal Bank Of Canada set a $270.00 price objective on shares of Teradyne in a research note on Monday, February 2nd. TD Cowen reiterated a “buy” rating on shares of Teradyne in a research note on Thursday, January 22nd. Finally, Bank of America lifted their price objective on shares of Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $339.80.

Teradyne Stock Performance

NASDAQ TER opened at $363.39 on Tuesday. Teradyne has a one year low of $75.99 and a one year high of $422.11. The company’s 50 day moving average price is $334.04 and its 200 day moving average price is $261.55. The firm has a market capitalization of $56.89 billion, a price-to-earnings ratio of 67.29, a PEG ratio of 1.47 and a beta of 1.79.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm posted $0.75 earnings per share. Teradyne’s revenue for the quarter was up 87.0% compared to the same quarter last year. Sell-side analysts forecast that Teradyne will post 7.09 EPS for the current fiscal year.

Insider Buying and Selling at Teradyne

In other news, VP Ryan Driscoll sold 680 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction of $256,768.00. Following the completion of the sale, the vice president owned 7,665 shares of the company’s stock, valued at approximately $2,894,304. This trade represents a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

Institutional Trading of Teradyne

Hedge funds have recently made changes to their positions in the stock. ARK Investment Management LLC grew its position in shares of Teradyne by 25.2% during the third quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company’s stock worth $374,701,000 after buying an additional 548,140 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Teradyne by 656.4% during the fourth quarter. Nordea Investment Management AB now owns 125,312 shares of the company’s stock worth $24,554,000 after buying an additional 108,745 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Teradyne by 9.2% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,120 shares of the company’s stock worth $12,542,000 after buying an additional 7,648 shares in the last quarter. Aspen Wealth Strategies LLC acquired a new stake in shares of Teradyne during the third quarter worth approximately $577,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Teradyne by 3,233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock worth $176,144,000 after buying an additional 882,723 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Company Profile

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.