Teradyne (NASDAQ:TER) Price Target Cut to $125.00 by Analysts at Stifel Nicolaus

Teradyne (NASDAQ:TER) had its price objective decreased by Stifel Nicolaus from $140.00 to $125.00 in a report published on Friday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

TER has been the topic of a number of other reports. Citigroup dropped their price target on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Northland Securities dropped their target price 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. Susquehanna upped their target price on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a report on Friday, July 26th. StockNews.com lowered Teradyne from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Finally, KeyCorp upped their price objective on Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $142.62.

Teradyne Stock Up 0.9 %

Shares of Teradyne stock opened at $111.75 on Friday. Teradyne has a 52 week low of $81.07 and a 52 week high of $163.21. The business has a 50 day moving average price of $129.41 and a 200-day moving average price of $132.05. The company has a market cap of $18.24 billion, a PE ratio of 35.48, a price-to-earnings-growth ratio of 2.46 and a beta of 1.49.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. Teradyne’s revenue was up 4.8% compared to the same quarter last year. As a group, research analysts anticipate that Teradyne will post 3.12 EPS for the current year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors 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 of this dividend was Thursday, September 5th. Teradyne’s dividend payout ratio is currently 15.24%.

Insiders Place Their Bets

In other news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the sale, the director now owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Richard John Burns sold 789 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the transaction, the insider now directly owns 21,864 shares of the company’s stock, valued at $2,903,539.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the sale, the director now owns 17,143 shares in the company, valued at approximately $2,207,504.11. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,977 shares of company stock worth $1,979,834 over the last quarter. 0.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TER. Swedbank AB boosted its position in shares of Teradyne by 198.8% in the second quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after acquiring an additional 426,900 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in Teradyne by 17.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock worth $37,887,000 after purchasing an additional 50,156 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Teradyne by 8.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 188,733 shares of the company’s stock valued at $21,295,000 after purchasing an additional 14,272 shares during the period. MBB Public Markets I LLC purchased a new position in shares of Teradyne during the 2nd quarter valued at $1,619,000. Finally, Empowered Funds LLC increased its holdings in shares of Teradyne by 137.6% in the first quarter. Empowered Funds LLC now owns 20,028 shares of the company’s stock worth $2,260,000 after purchasing an additional 11,599 shares during the period. 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.