Teradyne (NASDAQ:TER) Price Target Cut to $145.00 by Analysts at JPMorgan Chase & Co.

Teradyne (NASDAQ:TER) had its target price reduced by investment analysts at JPMorgan Chase & Co. from $158.00 to $145.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 24.77% from the company’s current price.

Several other analysts have also commented on the stock. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Morgan Stanley downgraded shares of Teradyne from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $121.00 to $117.00 in a report on Tuesday, January 21st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $160.00 target price on shares of Teradyne in a report on Thursday. Craig Hallum dropped their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. Finally, Evercore ISI lifted their target price on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $144.92.

Teradyne Stock Up 1.0 %

TER traded up $1.13 during trading on Friday, reaching $116.21. The company’s stock had a trading volume of 1,982,839 shares, compared to its average volume of 2,814,269. The firm has a fifty day simple moving average of $125.22 and a two-hundred day simple moving average of $125.64. Teradyne has a 1 year low of $92.29 and a 1 year high of $163.21. The company has a market cap of $18.93 billion, a price-to-earnings ratio of 34.90, a PEG ratio of 2.04 and a beta of 1.46.

Teradyne (NASDAQ:TER) last released its 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 net margin of 19.23% and a return on equity of 19.23%. As a group, equities analysts forecast that Teradyne will post 4.1 EPS for the current fiscal year.

Teradyne declared that its board has initiated a stock repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 0.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard John Burns sold 407 shares of the company’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 transaction of $49,047.57. Following the transaction, the insider now directly owns 20,764 shares in the company, valued at $2,502,269.64. The trade was a 1.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,383 shares of company stock valued at $677,935 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

A number of large investors have recently bought and sold shares of TER. Van ECK Associates Corp raised its stake in Teradyne by 59.9% during the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after purchasing an additional 1,846,079 shares during the period. Assenagon Asset Management S.A. raised its stake in Teradyne by 1,767.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock worth $116,233,000 after purchasing an additional 873,626 shares during the period. Alkeon Capital Management LLC raised its stake in shares of Teradyne by 189.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock valued at $153,218,000 after acquiring an additional 749,003 shares during the period. Holocene Advisors LP purchased a new position in shares of Teradyne in the 3rd quarter valued at $91,129,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Teradyne by 16.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock valued at $355,837,000 after acquiring an additional 393,175 shares during the period. Hedge funds and other 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.