Morgan Stanley Cuts Teradyne (NASDAQ:TER) Price Target to $81.00

Teradyne (NASDAQ:TER) had its target price cut by Morgan Stanley from $112.00 to $81.00 in a research report released on Friday,Benzinga reports. They currently have an underweight rating on the stock.

A number of other analysts have also issued reports on the stock. Susquehanna cut their price target on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating on the stock in a research note on Wednesday. Northland Securities decreased their price target on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Citigroup dropped their price objective on Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday. Cantor Fitzgerald decreased their target price on Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Robert W. Baird dropped their price target on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.44.

Teradyne Price Performance

Shares of TER stock opened at $86.74 on Friday. Teradyne has a 1-year low of $82.98 and a 1-year high of $163.21. The firm has a market cap of $14.03 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. The company has a 50-day moving average of $117.60 and a two-hundred day moving average of $120.38.

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

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.55%. The ex-dividend date was Friday, February 14th. Teradyne’s dividend payout ratio is presently 14.41%.

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were 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 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ryan Driscoll sold 437 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $44,574.00. Following the transaction, the vice president now owns 4,312 shares in the company, valued at approximately $439,824. This trade represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is owned by company insiders.

Institutional Trading of Teradyne

Several hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in Teradyne in the fourth quarter worth $270,989,000. Van ECK Associates Corp grew its stake 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 purchasing an additional 1,846,079 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Teradyne in the 4th quarter valued at about $160,087,000. Ameriprise Financial Inc. increased its holdings in shares of Teradyne by 28.3% in the 4th quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company’s stock valued at $608,025,000 after purchasing an additional 1,065,474 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Teradyne by 142.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,522,537 shares of the company’s stock valued at $191,718,000 after purchasing an additional 894,849 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

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.