KeyCorp Issues Pessimistic Forecast for Teradyne (NASDAQ:TER) Stock Price

Teradyne (NASDAQ:TER) had its price target reduced by research analysts at KeyCorp from $180.00 to $150.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target would indicate a potential upside of 27.94% from the company’s previous close.

A number of other brokerages also recently weighed in on TER. Robert W. Baird lowered their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $145.00 to $158.00 in a research note on Monday, December 16th. Susquehanna lifted their price objective on Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. Craig Hallum lowered their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Finally, Stifel Nicolaus dropped their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and a consensus price target of $145.92.

Teradyne Stock Up 1.9 %

Shares of Teradyne stock traded up $2.17 on Friday, reaching $117.25. The company’s stock had a trading volume of 1,176,908 shares, compared to its average volume of 2,773,711. Teradyne has a 52 week low of $92.29 and a 52 week high of $163.21. The firm’s fifty day simple moving average is $125.22 and its two-hundred day simple moving average is $125.64. The company has a market capitalization of $19.09 billion, a price-to-earnings ratio of 35.20, a P/E/G ratio of 2.04 and a beta of 1.46.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.23% and a net margin of 19.23%. As a group, research analysts predict that Teradyne will post 4.1 EPS for the current year.

Teradyne announced that its Board of Directors has initiated a share buyback program on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Teradyne

In related news, CFO Sanjay Mehta sold 1,789 shares of the company’s stock in a transaction on 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 approximately $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,383 shares of company stock valued at $677,935 over the last ninety days. 0.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Teradyne

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TER. Whittier Trust Co. increased its stake in Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company’s stock worth $127,000 after acquiring an additional 88 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Teradyne by 10.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock valued at $149,000 after purchasing an additional 103 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Teradyne by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after purchasing an additional 104 shares during the last quarter. GAMMA Investing LLC raised its stake in Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock valued at $434,000 after purchasing an additional 105 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its position in Teradyne by 0.5% during the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock valued at $2,666,000 after purchasing an additional 108 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

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.