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

Teradyne (NASDAQ:TER) had its price objective reduced by analysts at Cantor Fitzgerald from $150.00 to $110.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 26.86% from the stock’s current price.

Several other research firms have also recently issued reports on TER. Bank of America lowered their price objective on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a research report on Wednesday. UBS Group set a $130.00 price target on shares of Teradyne in a research report on Wednesday. TD Cowen dropped their price target 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 Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Northland Securities dropped their target price 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. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.63.

Teradyne Stock Performance

Shares of NASDAQ TER traded down $0.36 during trading on Wednesday, reaching $86.71. The company had a trading volume of 1,219,202 shares, compared to its average volume of 2,862,028. Teradyne has a 52 week low of $82.98 and a 52 week high of $163.21. The business’s 50 day moving average price is $120.09 and its 200-day moving average price is $121.19. The stock has a market cap of $14.02 billion, a PE ratio of 26.04, a PEG ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Equities analysts anticipate that Teradyne will post 3.88 earnings per share for the current year.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Richard John Burns sold 407 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the transaction, the insider now owns 20,764 shares of the company’s stock, valued at approximately $2,502,269.64. This represents a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock valued at $1,013,134 over the last quarter. Corporate insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Teradyne

Several large investors have recently made changes to their positions in the stock. Compass Financial Services Inc acquired a new position in Teradyne during the fourth quarter worth $33,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Teradyne in the 4th quarter valued at about $34,000. AllSquare Wealth Management LLC increased its stake in shares of Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after purchasing an additional 200 shares during the last quarter. Manchester Capital Management LLC raised its holdings in shares of Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after purchasing an additional 227 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Teradyne in the 4th quarter valued at about $45,000. 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.