Susquehanna analyst Mehdi Hosseini reiterated a Sell rating on Teradyne (TER) today and set a price target of $48.00. The company’s shares closed last Wednesday at $62.00.
According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 5.6% and a 45.6% success rate. Hosseini covers the Technology sector, focusing on stocks such as Advanced Energy Industries, Keysight Technologies, and National Instruments.
Currently, the analyst consensus on Teradyne is a Moderate Buy with an average price target of $67.08.
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The company has a one-year high of $81.57 and a one-year low of $40.92. Currently, Teradyne has an average volume of 2.68M.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TER in relation to earlier this year.
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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.
