Stifel Nicolaus Cuts Teradyne (NASDAQ:TER) Price Target to $125.00

Teradyne (NASDAQ:TER) had its price objective reduced by equities researchers at Stifel Nicolaus from $140.00 to $125.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 10.65% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. StockNews.com lowered shares of Teradyne from a “hold” rating to a “sell” rating in a research report on Monday. Citigroup reduced their target price on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Susquehanna boosted their target price on shares of Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research note on Friday, July 26th. Northland Securities reduced their price target on shares of Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a research report on Friday, July 26th. Finally, Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a report on Friday, August 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $140.29.

Teradyne Stock Performance

Shares of NASDAQ:TER traded up $2.25 during mid-day trading on Friday, hitting $112.97. The stock had a trading volume of 1,138,864 shares, compared to its average volume of 2,009,675. The company has a market cap of $18.43 billion, a PE ratio of 37.18, a P/E/G ratio of 2.57 and a beta of 1.49. Teradyne has a 12-month low of $81.07 and a 12-month high of $163.21. The company’s 50 day moving average is $129.84 and its 200-day moving average is $131.70.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The firm had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 earnings per share. On average, equities research analysts predict that Teradyne will post 3.02 EPS for the current fiscal year.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $128.77, for a total value of $80,481.25. Following the completion of the transaction, the director now owns 17,143 shares in the company, valued at $2,207,504.11. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,977 shares of company stock worth $1,979,834. 0.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Teradyne

Institutional investors have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Teradyne during the 2nd quarter valued at about $27,000. Rothschild Investment LLC purchased a new stake in Teradyne during the 2nd quarter valued at about $33,000. Quarry LP boosted its holdings in Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares during the period. Tortoise Investment Management LLC boosted its holdings in Teradyne by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Teradyne by 3,800.0% during the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock valued at $52,000 after acquiring an additional 342 shares during the period. 99.77% of the stock is currently owned by institutional investors.

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.