Teradyne (NASDAQ:TER) Price Target Lowered to $155.00 at Susquehanna

Teradyne (NASDAQ:TER) had its price objective lowered by Susquehanna from $165.00 to $155.00 in a report released on Wednesday,Benzinga reports. The firm currently has a positive rating on the stock.

TER has been the subject of a number of other reports. Bank of America decreased their price target on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a report on Wednesday. Cantor Fitzgerald decreased their price target on Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday. Stifel Nicolaus decreased their price target on Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a report on Wednesday. KeyCorp decreased their price target on Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Morgan Stanley downgraded Teradyne from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $121.00 to $117.00 in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $125.13.

Teradyne Stock Down 0.4 %

NASDAQ TER opened at $86.74 on Wednesday. The company has a market capitalization of $14.03 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 2.83 and a beta of 1.46. Teradyne has a twelve month low of $82.98 and a twelve month high of $163.21. The stock has a fifty day simple moving average of $119.30 and a 200 day simple moving average of $120.95.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Research analysts expect that Teradyne will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.55%. Teradyne’s payout ratio is 14.41%.

Insider Activity at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $215,592.39. Following the transaction, the chief financial officer now owns 33,308 shares of the company’s stock, valued at $4,013,947.08. This trade represents a 5.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Teradyne

Hedge funds have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Teradyne during the 3rd quarter worth approximately $2,221,000. Van ECK Associates Corp lifted its position in shares of Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after buying an additional 1,846,079 shares in the last quarter. Cerity Partners LLC increased its stake in shares of Teradyne by 87.1% during the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after purchasing an additional 5,294 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Teradyne by 17.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock worth $10,325,000 after purchasing an additional 11,541 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Teradyne by 30.5% during the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock worth $11,878,000 after purchasing an additional 20,762 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.