Teradyne Inc. [TER] gain 31.29% so far this year. What now?

Teradyne Inc. [NASDAQ: TER] slipped around -0.73 points on Tuesday, while shares priced at $89.53 at the close of the session, down -0.81%. The company report on July 21, 2020 that Teradyne Reports Second Quarter 2020 Results.

Teradyne, Inc. (NASDAQ: TER) reported revenue of $839 million for the second quarter of 2020 of which $659 million was in Semiconductor Test, $72 million in System Test, $49 million in Wireless Test and $59 million in Industrial Automation (IA). GAAP net income for the second quarter was $188.9 million or $1.05 per diluted share. On a non-GAAP basis, Teradynes net income in the second quarter was $229.2 million, or $1.33 per diluted share, which excluded restructuring and other charges, acquired intangible asset amortization, non-cash convertible debt interest, discrete tax adjustments and included the related tax impact on non-GAAP adjustments.

Stronger than expected System on a Chip (SOC) test shipments driven by accelerated demand for mobility-related test capacity, combined with success in navigating supply constraints, led to revenue and profits above the high end of our guidance range in the second quarter, said CEO and President Mark Jagiela. Industrial Automation sales, while down from the year ago period due to the global slowdown in business activity, improved monthly through the quarter.

Teradyne Inc. stock is now 31.29% up from its year-to-date (YTD) trading value. TER Stock saw the intraday high of $90.39 and lowest of $88.48 per share. The company’s 52-week high price is 91.31, which means current price is +108.84% above from all time high which was touched on 08/03/20.

Compared to the average trading volume of 2.20M shares, TER reached a trading volume of 1126014 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Teradyne Inc. [TER]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TER shares is $86.91 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TER stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Craig Hallum have made an estimate for Teradyne Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 14, 2020. The new note on the price target was released on April 23, 2020, representing the official price target for Teradyne Inc. stock. Previously, the target price had yet another drop from $58 to $52, while UBS kept a Sell rating on TER stock.

The Average True Range (ATR) for Teradyne Inc. is set at 2.98, with the Price to Sales ratio for TER stock in the period of the last 12 months amounting to 5.32. The Price to Book ratio for the last quarter was 9.62, with the Price to Cash per share for the same quarter was set at 4.87. Price to Free Cash Flow for TER in the course of the last twelve months was 38.61 with Quick ratio for the last quarter at 3.00.

How has TER stock performed recently?

Teradyne Inc. [TER] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.91. With this latest performance, TER shares gained by 1.59% in over the last four-week period, additionally plugging by 27.05% over the last 6 months – not to mention a rise of 73.07% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TER stock in for the last two-week period is set at 58.45, with the RSI for the last a single of trading hit 58.65, and the three-weeks RSI is set at 60.03 for Teradyne Inc. [TER]. The present Moving Average for the last 50 days of trading for this stock 81.30, while it was recorded at 89.23 for the last single week of trading, and 67.72 for the last 200 days.

Teradyne Inc. [TER]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Teradyne Inc. [TER] shares currently have an operating margin of +23.38 and a Gross Margin at +57.16. Teradyne Inc.’s Net Margin is presently recorded at +20.37.

Return on Total Capital for TER is now 27.93, given the latest momentum, and Return on Invested Capital for the company is 24.46. Return on Equity for this stock inclined to 31.14, with Return on Assets sitting at 17.02. When it comes to the capital structure of this company, Teradyne Inc. [TER] has a Total Debt to Total Equity ratio set at 31.08. Additionally, TER Total Debt to Total Capital is recorded at 23.71, with Total Debt to Total Assets ending up at 16.51. Long-Term Debt to Equity for the company is recorded at 29.76, with the Long-Term Debt to Total Capital now at 22.71.

Reflecting on the efficiency of the workforce at the company, Teradyne Inc. [TER] managed to generate an average of $86,568 per employee. Receivables Turnover for the company is 7.02 with a Total Asset Turnover recorded at a value of 0.84.Teradyne Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.00 and a Current Ratio set at 3.30.

Earnings analysis for Teradyne Inc. [TER]

With the latest financial reports released by the company, Teradyne Inc. posted 0.77/share EPS, while the average EPS was predicted by analysts to be reported at 0.7/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TER. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Teradyne Inc. go to 16.66%.

Insider trade positions for Teradyne Inc. [TER]

There are presently around $14,192 million, or 97.90% of TER stock, in the hands of institutional investors. The top three institutional holders of TER stocks are: BLACKROCK INC. with ownership of 17,902,926, which is approximately -1.888% of the company’s market cap and around 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 16,921,017 shares of the stock with an approximate value of $1.51 billion in TER stocks shares; and AMERIPRISE FINANCIAL INC, currently with $789.34 million in TER stock with ownership of nearly 8.441% of the company’s market capitalization.

Positions in Teradyne Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 246 institutional holders increased their position in Teradyne Inc. [NASDAQ:TER] by around 12,384,699 shares. Additionally, 267 investors decreased positions by around 14,686,715 shares, while 70 investors held positions by with 131,448,332 shares. The mentioned changes placed institutional holdings at 158,519,746 shares, according to the latest SEC report filing. TER stock had 88 new institutional investments in for a total of 1,091,899 shares, while 66 institutional investors sold positions of 2,110,563 shares during the same period.

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