Morgan Stanley Maintains Their Hold Rating on Teradyne (TER)

In a report released today, Joseph Moore from Morgan Stanley maintained a Hold rating on Teradyne (TERResearch Report), with a price target of $116.00. The company’s shares closed last Thursday at $96.23, close to its 52-week low of $82.97.

According to TipRanks.com, Moore is a 5-star analyst with an average return of 10.3% and a 53.5% success rate. Moore covers the Technology sector, focusing on stocks such as Advanced Micro Devices, GlobalFoundries Inc, and NXP Semiconductors.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Teradyne with a $117.81 average price target, a 21.6% upside from current levels. In a report released today, Craig-Hallum also downgraded the stock to Hold.

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The company has a one-year high of $168.91 and a one-year low of $82.97. Currently, Teradyne has an average volume of 1.78M.

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Teradyne, Inc. supplies automation equipment for test and industrial applications. It operates through the following segments: Semiconductor Test, System Test, Wireless Test, and Industrial Automation. The Semiconductor Test segment designs, manufactures, sells, and supports semiconductor test products and services which are used both for wafer level and device package testing. The Systems Test segment comprises of defense and aerospace, storage test, and production board test business unit. The Wireless Test segment designs, develops, and supports advanced wireless test equipment for the manufacturing of wireless devices such as smart phones, tablets, notebooks, laptops, personal computer peripherals, and other Wi-Fi, bluetooth, near field communication and cellular enabled devices. The Industrial Automation segment supplies collaborative robots that work side by side with production workers. The company was founded by Alexander V. d’Arbeloff and Nicholas DeWolf on September 23, 1960 and is headquartered in North Reading, MA.

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