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

Teradyne (NASDAQ:TER) had its target price dropped by Susquehanna from $165.00 to $155.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s target price would indicate a potential upside of 77.86% from the stock’s previous close.

Several other research analysts have also recently issued reports on the stock. Cantor Fitzgerald decreased their target price on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday. Bank of America decreased their price objective on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a report on Wednesday. Morgan Stanley lowered Teradyne from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $121.00 to $117.00 in a report on Tuesday, January 21st. KeyCorp dropped their price objective on Teradyne from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, TD Cowen reduced their price objective on Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.00.

Teradyne Stock Performance

Shares of NASDAQ TER traded up $0.08 during trading hours on Wednesday, hitting $87.15. The company’s stock had a trading volume of 2,476,863 shares, compared to its average volume of 2,891,487. Teradyne has a 12 month low of $82.98 and a 12 month high of $163.21. The stock has a market cap of $14.09 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 2.83 and a beta of 1.46. The business has a 50-day simple moving average of $120.09 and a 200-day simple moving average of $121.19.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, January 29th. The company reported $0.95 EPS 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%. On average, equities research analysts forecast that Teradyne will post 3.88 EPS for the current year.

Insider Activity at Teradyne

In related news, CFO Sanjay Mehta sold 1,789 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the transaction, the chief financial officer now owns 33,308 shares of the company’s stock, valued at approximately $4,013,947.08. This trade represents a 5.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Compass Financial Services Inc bought a new stake in shares of Teradyne during the fourth quarter worth $33,000. Strategic Investment Solutions Inc. IL purchased a new position in Teradyne in the 4th quarter worth about $34,000. AllSquare Wealth Management LLC lifted its holdings in Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock valued at $38,000 after buying an additional 200 shares in the last quarter. Manchester Capital Management LLC boosted its position in Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after buying an additional 227 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new position in Teradyne in the 4th quarter worth about $45,000. Hedge funds and other 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.