Morgan Stanley analyst Joseph Moore maintained a Hold rating on Teradyne (TER – Research Report) today and set a price target of $101.00. The company’s shares opened today at $101.56.
Moore covers the Technology sector, focusing on stocks such as Advanced Micro Devices, KLA, and Qualcomm. According to TipRanks, Moore has an average return of 9.9% and a 54.00% success rate on recommended stocks.
Currently, the analyst consensus on Teradyne is a Moderate Buy with an average price target of $110.01, an 8.32% upside from current levels. In a report released today, Loop Capital Markets also downgraded the stock to a Hold with a $102.00 price target.
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The company has a one-year high of $126.85 and a one-year low of $67.73. Currently, Teradyne has an average volume of 1.56M.
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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.
Read More on TER:
- Teradyne sales declines less than expected, margin outperform, says Loop Capital
- Teradyne Reports Fourth Quarter and Fiscal Year 2022 Results
- Teradyne board authorizes $2B share buyback
- Teradyne sees Q1 EPS 28c-52c, consensus 58c
- Teradyne says sees step-down in demand in Semiconductor and Storage Test markets