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

Teradyne (NASDAQ:TER) had its price target lowered 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.

A number of other research firms have also recently commented on TER. Northland Securities dropped their target price on Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a research report on Friday, July 26th. JPMorgan Chase & Co. raised their target price on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Robert W. Baird decreased their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday. Craig Hallum lowered shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price target on the stock. in a research note on Friday, July 26th. Finally, Northland Capmk lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Teradyne presently has an average rating of “Hold” and a consensus price target of $138.71.

Teradyne Trading Up 0.9 %

TER traded up $1.03 during midday trading on Friday, hitting $111.75. 3,573,702 shares of the company were exchanged, compared to its average volume of 2,021,266. Teradyne has a 1-year low of $81.07 and a 1-year high of $163.21. The firm has a market capitalization of $17.45 billion, a price-to-earnings ratio of 42.49, a price-to-earnings-growth ratio of 2.57 and a beta of 1.49. The company’s 50 day simple moving average is $129.41 and its 200 day simple moving average is $131.73.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The firm had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. During the same period last year, the firm earned $0.80 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities analysts anticipate that Teradyne will post 3.02 EPS for the current year.

Teradyne Announces Dividend

The firm 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 of this dividend was Thursday, September 5th. Teradyne’s dividend payout ratio (DPR) is 18.25%.

Insiders Place Their Bets

In other news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the sale, the director now owns 16,518 shares of the company’s stock, valued at approximately $2,204,987.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the sale, the director now owns 16,518 shares of the company’s stock, valued at approximately $2,204,987.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the sale, the insider now directly owns 21,864 shares in the company, valued at approximately $2,903,539.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,977 shares of company stock valued at $1,979,834 in the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

Institutional Trading of Teradyne

Institutional investors have recently added to or reduced their stakes in the stock. Swedbank AB increased its holdings in Teradyne by 198.8% in the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after purchasing an additional 426,900 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Teradyne by 17.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock valued at $37,887,000 after purchasing an additional 50,156 shares during the last quarter. Janney Montgomery Scott LLC increased 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 last quarter. MBB Public Markets I LLC acquired a new stake in Teradyne in the 2nd quarter valued at approximately $1,619,000. Finally, Empowered Funds LLC increased its holdings in Teradyne by 137.6% in the 1st quarter. Empowered Funds LLC now owns 20,028 shares of the company’s stock valued at $2,260,000 after purchasing an additional 11,599 shares during the last quarter. Institutional investors and hedge funds 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.