Teradyne (TER) has been the subject of several notable investment actions recently. 1832 Asset Management L.P. has sold over 5,804 shares, though First Trust Advisors LP and NEOS Investment Management LLC have increased their stakes, purchasing a total of 66,284 shares combined. Despite shares fluctuating, Teradyne has experienced a significant market rally and is expected to continue. The firm's Q1 2024 earnings exceeded expectations while their Q4 earnings topped estimates despite a drop in revenue year on year. Notably, Teradyne's stock was upgraded by The Goldman Sachs Group, which also raised its price target. Teradyne's Q4 2023 earnings also surpassed forecasts, resulting in the shares achieving a new 52-week high. More importantly, Teradyne's partnership with NVIDIA has boosted its robotics footprint. However, some concerns persist over the company's returns on capital. Teradyne also sustained a larger drop than the general market, with its stock trading down recently due to missed Q4 revenue estimates. Nonetheless, analysts share an optimistic outlook, maintaining a consensus price target of $122.17.
Teradyne TER News Analytics from Fri, 11 Aug 2023 07:00:00 GMT to Sun, 09 Jun 2024 13:37:01 GMT -
Rating 2
- Innovation 4
- Information 7
- Rumor -5
