Teradyne (NASDAQ:TER) Price Target Cut to $111.00

Teradyne (NASDAQ:TER) had its price target lowered by research analysts at Craig Hallum from $124.00 to $111.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Craig Hallum’s price objective would suggest a potential downside of 2.00% from the stock’s current price.

Several other equities analysts also recently issued reports on TER. Evercore ISI upped their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price for the company in a research note on Friday, August 16th. Stifel Nicolaus lowered their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday. Susquehanna upped their price objective 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. Finally, StockNews.com cut shares of Teradyne from a “hold” rating to a “sell” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Teradyne presently has an average rating of “Hold” and a consensus price target of $138.71.

Teradyne Price Performance

NASDAQ:TER traded up $2.54 during trading hours on Friday, reaching $113.26. 1,475,687 shares of the company traded hands, compared to its average volume of 2,011,302. The firm’s 50-day moving average is $129.84 and its 200-day moving average is $131.70. The stock has a market cap of $18.48 billion, a P/E ratio of 37.26, a P/E/G ratio of 2.57 and a beta of 1.49. Teradyne has a 1-year low of $81.07 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The business had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. During the same quarter last year, the company earned $0.80 earnings per share. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, research analysts predict that Teradyne will post 3.02 earnings per share for the current year.

Insider Activity at Teradyne

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp increased its holdings in Teradyne by 10.4% during the 1st quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock worth $543,278,000 after purchasing an additional 453,926 shares during the last quarter. Swedbank AB increased its stake in shares of Teradyne by 198.8% in the second quarter. Swedbank AB now owns 641,614 shares of the company’s stock worth $95,145,000 after buying an additional 426,900 shares during the last quarter. Ossiam increased its stake in shares of Teradyne by 13,540.0% in the first quarter. Ossiam now owns 419,977 shares of the company’s stock worth $47,386,000 after buying an additional 416,898 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Teradyne by 4,854.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 398,009 shares of the company’s stock valued at $44,907,000 after acquiring an additional 389,975 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Teradyne by 14.6% during the 1st quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock valued at $342,178,000 after acquiring an additional 385,115 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Company Profile

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.