Teradyne (NASDAQ:TER) Price Target Lowered to $100.00 at Citigroup

Teradyne (NASDAQ:TER) had its price target cut by Citigroup from $130.00 to $100.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages also recently commented on TER. UBS Group set a $130.00 target price on Teradyne and gave the company a “buy” rating in a report on Wednesday. Vertical Research assumed coverage on Teradyne in a report on Friday, March 7th. They set a “buy” rating and a $135.00 target price for the company. KeyCorp reduced their target price on Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday. Cantor Fitzgerald reduced their target price on Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Stifel Nicolaus dropped their price target on Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.13.

Teradyne Stock Performance

TER opened at $86.74 on Wednesday. Teradyne has a one year low of $82.98 and a one year high of $163.21. The stock’s fifty day moving average is $119.30 and its 200-day moving average is $120.95. The company has a market capitalization of $14.03 billion, a PE ratio of 26.05, a P/E/G ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last announced 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%. On average, equities research analysts forecast that Teradyne will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s payout ratio is currently 14.41%.

Insiders Place Their Bets

In other news, CFO Sanjay Mehta sold 614 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $62,628.00. Following the transaction, the chief financial officer now owns 30,446 shares of the company’s stock, valued at approximately $3,105,492. This represents a 1.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock valued at $1,013,134 in the last three months. Insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Siemens Fonds Invest GmbH increased its holdings in shares of Teradyne by 158.3% during the 4th quarter. Siemens Fonds Invest GmbH now owns 4,463 shares of the company’s stock valued at $562,000 after acquiring an additional 2,735 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Teradyne during the 4th quarter valued at approximately $9,921,000. Jefferies Financial Group Inc. bought a new stake in Teradyne during the 4th quarter valued at approximately $1,787,000. Polar Asset Management Partners Inc. boosted its stake in Teradyne by 63.2% during the 4th quarter. Polar Asset Management Partners Inc. now owns 169,900 shares of the company’s stock valued at $21,394,000 after purchasing an additional 65,800 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in Teradyne by 82.2% during the 4th quarter. Mackenzie Financial Corp now owns 28,691 shares of the company’s stock valued at $3,613,000 after purchasing an additional 12,946 shares during the period. Institutional investors and hedge funds 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.