Craig Hallum Cuts Teradyne (NASDAQ:TER) Price Target to $111.00

Teradyne (NASDAQ:TER) had its target price dropped by research analysts at Craig Hallum from $124.00 to $111.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the stock. Craig Hallum’s price objective indicates a potential downside of 2.00% from the company’s current price.

TER has been the topic of several other reports. Evercore ISI lifted their price target on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Citigroup cut their target price on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Robert W. Baird decreased their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target on the stock in a research note on Friday, August 16th. Finally, Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Teradyne presently has a consensus rating of “Hold” and a consensus target price of $138.71.

Teradyne Stock Performance

NASDAQ TER traded up $2.54 during trading on Friday, reaching $113.26. 1,475,687 shares of the company’s stock were exchanged, compared to its average volume of 2,011,302. The company has a 50 day moving average price of $129.84 and a two-hundred day moving average price of $131.70. The stock has a market cap of $18.48 billion, a P/E ratio of 37.26, a price-to-earnings-growth 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 announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The firm had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 earnings per share. Research analysts forecast that Teradyne will post 3.02 EPS for the current fiscal year.

Insider Buying and Selling

In other Teradyne news, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction that occurred 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 sale, the insider now owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Teradyne 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 sale, the insider now owns 21,864 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the company’s 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 transaction, the director now directly owns 17,143 shares in the company, valued at approximately $2,207,504.11. This trade represents 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 valued at $1,979,834 over the last ninety days. Corporate 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. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Teradyne in the 2nd quarter worth approximately $27,000. Rothschild Investment LLC acquired a new stake in Teradyne in the second quarter valued at $33,000. Quarry LP grew its holdings in Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after purchasing an additional 169 shares during the last quarter. Tortoise Investment Management LLC increased its position in shares of Teradyne by 76.1% in the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after buying an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Teradyne by 3,800.0% during the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock worth $52,000 after buying an additional 342 shares during the last quarter. 99.77% of the stock is currently 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.