Susquehanna analyst Mehdi Hosseini reiterated a Hold rating on Teradyne (TER) today and set a price target of $42. The company’s shares opened today at $47.99, close to its 52-week high of $49.45.
According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 10.5% and a 49.5% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Advanced Energy Industries, Hewlett Packard Enterprise, and Applied Materials Inc.
Currently, the analyst consensus on Teradyne is a Moderate Buy with an average price target of $41.50, a -13.5% downside from current levels. In a report released today, Northland Securities also assigned a Hold rating to the stock with a $40 price target.
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Based on Teradyne’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $144 million. In comparison, last year the company had a net profit of $86.97 million.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2019, Mark Jagiela, the President & CEO of TER sold 139,935 shares for a total of $5,483,553.
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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.
