Teradyne (NASDAQ:TER) Price Target Cut to $126.00

Teradyne (NASDAQ:TER) had its price objective trimmed by Northland Securities from $136.00 to $126.00 in a report published on Friday morning, Benzinga reports. The firm currently has a market perform rating on the stock.

TER has been the topic of a number of other research reports. Stifel Nicolaus increased their target price on Teradyne from $100.00 to $150.00 and gave the company a hold rating in a report on Tuesday, July 16th. JPMorgan Chase & Co. increased their price objective on Teradyne from $120.00 to $145.00 and gave the company a neutral rating in a research note on Tuesday, July 23rd. Citigroup boosted their price objective on shares of Teradyne from $112.00 to $185.00 and gave the company a buy rating in a research report on Monday, July 15th. Susquehanna increased their target price on Teradyne from $130.00 to $145.00 and gave the stock a positive rating in a research report on Friday. Finally, Craig Hallum downgraded shares of Teradyne from a buy rating to a hold rating and set a $124.00 price target on the stock. in a research note on Friday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $142.93.

Teradyne Stock Performance

TER opened at $127.93 on Friday. Teradyne has a one year low of $81.07 and a one year high of $163.21. The company has a market cap of $19.97 billion, a price-to-earnings ratio of 48.64, a PEG ratio of 2.54 and a beta of 1.50. The business’s fifty day moving average is $146.60 and its two-hundred day moving average is $121.63.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The firm had revenue of $729.88 million for the quarter, compared to analysts’ expectations of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 EPS. On average, analysts predict that Teradyne will post 3.08 EPS for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, May 21st. This represents a $0.48 annualized dividend and a yield of 0.38%. Teradyne’s dividend payout ratio is presently 18.25%.

Insider Buying and Selling at Teradyne

In related news, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the sale, the chief financial officer now owns 41,902 shares in the company, valued at $5,030,754.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Teradyne news, insider Richard John Burns sold 5,005 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $137.64, for a total transaction of $688,888.20. Following the transaction, the insider now owns 21,780 shares of the company’s stock, valued at approximately $2,997,799.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the transaction, the chief financial officer now owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The disclosure for this sale can be found here. Insiders have sold a total of 10,005 shares of company stock valued at $1,304,763 in the last three months. Corporate insiders own 0.36% of the company’s stock.

Institutional Trading of Teradyne

Several hedge funds have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. boosted its position in shares of Teradyne by 6.4% during the second quarter. Crossmark Global Holdings Inc. now owns 5,745 shares of the company’s stock worth $852,000 after buying an additional 344 shares during the period. Peregrine Capital Management LLC raised its holdings in shares of Teradyne by 1.3% in the 2nd quarter. Peregrine Capital Management LLC now owns 77,399 shares of the company’s stock worth $11,477,000 after purchasing an additional 1,009 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Teradyne by 105.2% during the second quarter. Principal Financial Group Inc. now owns 527,417 shares of the company’s stock valued at $78,211,000 after purchasing an additional 270,396 shares during the last quarter. UMB Bank n.a. boosted its holdings in Teradyne by 460.5% during the second quarter. UMB Bank n.a. now owns 482 shares of the company’s stock worth $71,000 after buying an additional 396 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in Teradyne by 15.0% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 16,673 shares of the company’s stock worth $2,472,000 after buying an additional 2,171 shares during 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.