In a report released yesterday, Robert Mason CFA from Robert W. Baird maintained a Buy rating on Teradyne (TER – Research Report), with a price target of $115.00. The company’s shares closed last Thursday at $98.95.
According to TipRanks.com, CFA has 0 stars on 0-5 stars ranking scale with an average return of -12.6% and a 13.6% success rate. CFA covers the Technology sector, focusing on stocks such as Keysight Technologies, National Instruments, and Trimble Navigation.
Teradyne has an analyst consensus of Moderate Buy, with a price target consensus of $116.13, implying a 19.8% upside from current levels. In a report issued on July 18, Evercore ISI also maintained a Buy rating on the stock with a $120.00 price target.
Based on Teradyne’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $841 million and net profit of $198 million. In comparison, last year the company earned revenue of $1.09 billion and had a net profit of $328 million.
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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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