Teradyne (NASDAQ:TER) Rating Lowered to Sell at StockNews.com

Teradyne (NASDAQ:TER) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

Several other brokerages have also issued reports on TER. Northland Securities decreased their price target on Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a research note on Friday, July 26th. Citigroup decreased their price target on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Craig Hallum lowered Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price target on the stock. in a research note on Friday, July 26th. KeyCorp lifted their price target on Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. Finally, Northland Capmk lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $142.57.

Teradyne Price Performance

Shares of NASDAQ TER opened at $125.36 on Monday. The stock has a market capitalization of $19.57 billion, a PE ratio of 47.67, a P/E/G ratio of 2.58 and a beta of 1.49. The business has a fifty day moving average price of $130.31 and a two-hundred day moving average price of $131.77. Teradyne has a fifty-two week low of $81.07 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.09. The firm had revenue of $729.88 million during the quarter, compared to analysts’ expectations of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 EPS. On average, equities analysts expect that Teradyne will post 3.02 EPS for the current year.

Insider Buying and Selling at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 6,153 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the sale, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Sanjay Mehta sold 6,153 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the transaction, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at $4,768,072.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $83,000.00. Following the completion of the transaction, the director now directly owns 15,893 shares in the company, valued at $2,110,590.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,977 shares of company stock worth $1,979,834. Insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TER. International Assets Investment Management LLC increased its holdings in Teradyne by 11,687.8% during the 3rd quarter. International Assets Investment Management LLC now owns 173,635 shares of the company’s stock worth $23,255,000 after purchasing an additional 172,162 shares in the last quarter. Hartford Investment Management Co. increased its holdings in Teradyne by 2.6% during the 3rd quarter. Hartford Investment Management Co. now owns 10,253 shares of the company’s stock worth $1,373,000 after purchasing an additional 264 shares in the last quarter. Eastern Bank bought a new stake in Teradyne during the 3rd quarter worth approximately $67,000. Sequoia Financial Advisors LLC increased its holdings in Teradyne by 8.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,282 shares of the company’s stock worth $440,000 after purchasing an additional 254 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Teradyne by 10.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock worth $149,000 after purchasing an additional 103 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

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.