Teradyne (NASDAQ:TER) Price Target Cut to $133.00 by Analysts at Robert W. Baird

Teradyne (NASDAQ:TER) had its target price trimmed by Robert W. Baird from $140.00 to $133.00 in a report issued on Friday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other brokerages have also recently issued reports on TER. Northland Securities cut their target price on Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a report on Friday, July 26th. Craig Hallum lowered shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective on the stock. in a research note on Friday, July 26th. StockNews.com downgraded shares of Teradyne from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Northland Capmk downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Finally, Citigroup dropped their price objective on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $138.71.

Teradyne Price Performance

Shares of TER stock opened at $111.75 on Friday. Teradyne has a one year low of $81.07 and a one year high of $163.21. The business’s 50 day simple moving average is $129.41 and its 200 day simple moving average is $131.73. The stock has a market capitalization of $17.45 billion, a PE ratio of 42.49, a PEG ratio of 2.57 and a beta of 1.49.

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

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Thursday, September 5th. Teradyne’s payout ratio is 18.25%.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne 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 of the company’s stock, valued at approximately $10,896,080. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 17,143 shares of the company’s stock, valued at $2,207,504.11. This represents a 0.00 % decrease in their ownership of the stock. The sale 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 the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 14,977 shares of company stock worth $1,979,834 in the last quarter. Insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Teradyne

A number of hedge funds and other institutional investors have recently modified their holdings of TER. Vanguard Group Inc. grew its stake in shares of Teradyne by 0.7% in the first quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock worth $2,078,462,000 after purchasing an additional 135,286 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Teradyne by 10.4% during the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock valued at $543,278,000 after buying an additional 453,926 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Teradyne by 1.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock valued at $682,597,000 after acquiring an additional 57,989 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Teradyne by 14.6% in the first 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Teradyne by 2.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,233,058 shares of the company’s stock valued at $299,073,000 after purchasing an additional 47,157 shares during the period. 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.