Northland Capmk Upgrades Teradyne (NASDAQ:TER) to “Strong-Buy”

Teradyne (NASDAQ:TER) was upgraded by stock analysts at Northland Capmk from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research analysts have also weighed in on TER. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Stifel Nicolaus decreased their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Robert W. Baird cut their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $145.00 to $158.00 in a research report on Monday, December 16th. Finally, Northland Securities raised shares of Teradyne from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $117.00 to $154.00 in a research report on Monday. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.33.

Teradyne Stock Up 7.2 %

Shares of NASDAQ TER opened at $140.00 on Monday. Teradyne has a 12 month low of $92.29 and a 12 month high of $163.21. The company has a market cap of $22.80 billion, a price-to-earnings ratio of 44.44, a P/E/G ratio of 2.66 and a beta of 1.46. The business has a fifty day simple moving average of $116.28 and a 200-day simple moving average of $127.71.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The company had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. During the same period last year, the company posted $0.80 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, sell-side analysts expect that Teradyne will post 3.17 EPS for the current fiscal year.

Teradyne announced that its Board of Directors has initiated a stock buyback plan on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 0.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Teradyne

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. grew its stake in shares of Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company’s stock valued at $127,000 after purchasing an additional 88 shares during the period. Wealth Alliance grew its position in Teradyne by 3.3% in the second quarter. Wealth Alliance now owns 3,044 shares of the company’s stock valued at $451,000 after acquiring an additional 98 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Teradyne by 10.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock valued at $149,000 after acquiring an additional 103 shares during the period. Thrivent Financial for Lutherans raised its stake in Teradyne by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after acquiring an additional 104 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock valued at $434,000 after acquiring an additional 105 shares during the period. Institutional investors own 99.77% of the company’s stock.

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.