Assessing Whether Teradyne, Inc. (NASDAQ: TER) Is Over- Or Undervalued

Teradyne, Inc. (TER) concluded trading on Thursday at a closing price of $147.95, with 3.21 million shares of worth about $475.55 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 40.53% during that period and on June 20, 2024 the price saw a loss of about -2.50%. Currently the company’s common shares owned by public are about 156.11M shares, out of which, 153.66M shares are available for trading.

Stock saw a price change of -0.61% in past 5 days and over the past one month there was a price change of 6.05%. Year-to-date (YTD), TER shares are showing a performance of 36.33% which increased to 36.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $81.07 but also hit the highest price of $152.23 during that period. The average intraday trading volume for Teradyne, Inc. shares is 2.18 million. The stock is currently trading 3.01% above its 20-day simple moving average (SMA20), while that difference is up 17.12% for SMA50 and it goes to 39.05% higher than SMA200.

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Teradyne, Inc. (NASDAQ: TER) currently have 156.11M outstanding shares and institutions hold larger chunk of about 104.82% of that.

The stock has a current market capitalization of $23.10B and its 3Y-monthly beta is at 1.50. PE ratio of stock for trailing 12 months is 56.31, while it has posted earnings per share of $2.63 in the same period. Its PEG reads 7.33 and has Quick Ratio of 2.27 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TER, volatility over the week remained 2.50% while standing at 2.87% over the month.

Stock’s fiscal year EPS is expected to rise by 6.21% while it is estimated to increase by 56.04% in next year. EPS is likely to grow at an annualized rate of 7.68% for next 5-years, compared to annual growth of 3.09% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on May 20, 2024 offering a Buy rating for the stock and assigned a target price range of between $118 and $161 to it. Coverage by Evercore ISI stated Teradyne, Inc. (TER) stock as an Outperform in their note to investors on April 16, 2024, suggesting a price target of $130 for the stock. On February 15, 2024, JP Morgan Upgrade their recommendations, while on January 23, 2024, Cantor Fitzgerald Initiated their ratings for the stock with a price target of $110. Stock get an Underperform rating from BofA Securities on December 15, 2023.

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