Robert W. Baird Cuts Teradyne (NASDAQ:TER) Price Target to $110.00

Teradyne (NASDAQ:TER) had its price objective dropped by equities researchers at Robert W. Baird from $140.00 to $110.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 26.82% from the company’s current price.

A number of other research firms have also issued reports on TER. Cantor Fitzgerald dropped their price target on Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday. Stifel Nicolaus dropped their price objective on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday. TD Cowen reduced their target price on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday. Northland Securities lowered their price target on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Finally, Vertical Research started coverage on Teradyne in a research note on Friday, March 7th. They issued a “buy” rating and a $135.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.69.

Teradyne Stock Performance

TER opened at $86.74 on Thursday. The company has a 50-day moving average of $119.30 and a 200-day moving average of $120.95. Teradyne has a 1-year low of $82.98 and a 1-year high of $163.21. The company has a market capitalization of $14.03 billion, a P/E ratio of 26.05, a PEG ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates 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, sell-side analysts expect that Teradyne will post 3.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Teradyne news, CFO Sanjay Mehta sold 1,789 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $215,592.39. Following the completion of the transaction, the chief financial officer now owns 33,308 shares in the company, valued at $4,013,947.08. This trade represents a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,479 shares of company stock worth $1,013,134. Corporate insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

A number of institutional investors have recently made changes to their positions in TER. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Teradyne during the 3rd quarter valued at $2,221,000. Van ECK Associates Corp grew its stake in shares of Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after buying an additional 1,846,079 shares during the last quarter. Cerity Partners LLC boosted its stake in Teradyne by 87.1% in the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after purchasing an additional 5,294 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Teradyne by 17.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock worth $10,325,000 after buying an additional 11,541 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Teradyne by 30.5% in the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock worth $11,878,000 after purchasing an additional 20,762 shares in the last quarter. 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.