Teradyne (NASDAQ:TER) Rating Reiterated by Cantor Fitzgerald

Teradyne (NASDAQ:TER)‘s stock had its “neutral” rating restated by analysts at Cantor Fitzgerald in a research report issued on Thursday, Benzinga reports. They presently have a $110.00 target price on the stock. Cantor Fitzgerald’s price target suggests a potential downside of 3.62% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the company. Evercore ISI assumed coverage on Teradyne in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $115.69.

Teradyne Trading Up 4.8 %

Teradyne stock opened at $114.13 on Thursday. Teradyne has a 12 month low of $81.07 and a 12 month high of $119.20. The stock’s 50 day moving average is $105.62 and its 200-day moving average is $100.53. The company has a market capitalization of $17.46 billion, a price-to-earnings ratio of 43.40 and a beta of 1.56.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.33 by $0.18. Teradyne had a return on equity of 19.06% and a net margin of 16.15%. The company had revenue of $599.82 million for the quarter, compared to the consensus estimate of $566.31 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities research analysts predict that Teradyne will post 2.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Teradyne news, Director Ernest E. Maddock bought 1,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was purchased at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the completion of the purchase, the director now directly 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 link. In other news, CFO Sanjay Mehta sold 8,653 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total value of $909,430.30. Following the completion of the transaction, the chief financial officer now directly owns 31,180 shares in the company, valued at approximately $3,277,018. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ernest E. Maddock purchased 1,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was purchased at an average price of $94.07 per share, with a total value of $94,070.00. Following the completion of the purchase, the director now directly owns 4,728 shares in the company, valued at approximately $444,762.96. The disclosure for this purchase can be found here. Corporate insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Cornerstone Planning Group LLC bought a new position in shares of Teradyne in the 3rd quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Teradyne in the third quarter valued at $27,000. Bfsg LLC acquired a new stake in Teradyne in the first quarter valued at $34,000. CVA Family Office LLC acquired a new stake in Teradyne in the fourth quarter valued at $33,000. Finally, American National Bank acquired a new stake in Teradyne in the fourth quarter valued at $37,000. 99.77% of the stock is currently owned by institutional investors.

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.