Teradyne (NASDAQ:TER) Now Covered by Analysts at Vertical Research

Investment analysts at Vertical Research assumed coverage on shares of Teradyne (NASDAQ:TER) in a research report issued on Friday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $135.00 price target on the stock. Vertical Research’s price target would indicate a potential upside of 28.10% from the company’s previous close.

Several other research firms have also recently weighed in on TER. Susquehanna boosted their target price on Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Morgan Stanley downgraded shares of Teradyne from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $121.00 to $117.00 in a research report on Tuesday, January 21st. Northland Securities reduced their price target on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $160.00 price objective on shares of Teradyne in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.14.

Teradyne Trading Down 4.4 %

Shares of NASDAQ:TER opened at $105.39 on Friday. Teradyne has a 52 week low of $95.80 and a 52 week high of $163.21. The company’s 50 day moving average is $121.70 and its two-hundred day moving average is $122.06. The company has a market cap of $17.04 billion, a PE ratio of 31.65, a P/E/G ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. As a group, equities research analysts expect that Teradyne will post 3.88 EPS for the current year.

Teradyne declared that its board has authorized a share repurchase plan on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Teradyne

In related news, CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the sale, the chief financial officer now directly owns 33,308 shares in the company, valued at $4,013,947.08. The trade was a 5.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 74,660 shares of the company’s stock, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On Teradyne

Institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its holdings in Teradyne by 149.0% in the third quarter. Farther Finance Advisors LLC now owns 2,435 shares of the company’s stock valued at $326,000 after buying an additional 1,457 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Teradyne by 2.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 60,093 shares of the company’s stock valued at $8,048,000 after purchasing an additional 1,471 shares in the last quarter. Amalgamated Bank raised its holdings in Teradyne by 1.1% during the third quarter. Amalgamated Bank now owns 33,625 shares of the company’s stock worth $4,503,000 after purchasing an additional 370 shares during the last quarter. Crestwood Advisors Group LLC acquired a new position in Teradyne during the third quarter worth $224,000. Finally, Olympiad Research LP purchased a new stake in Teradyne during the third quarter worth $240,000. 99.77% of the stock is owned by institutional investors and hedge funds.

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.