Teradyne (NASDAQ:TER) Price Target Cut to $155.00 by Analysts at UBS Group

Teradyne (NASDAQ:TER) had its target price lowered by UBS Group from $160.00 to $155.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on TER. Stifel Nicolaus lowered their price objective on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Craig Hallum lowered their price objective on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their price target on Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a research note on Friday. KeyCorp dropped their target price on Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Robert W. Baird reduced their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.77.

Teradyne Stock Up 0.6 %

NASDAQ:TER opened at $115.79 on Friday. Teradyne has a twelve month low of $92.29 and a twelve month high of $163.21. The stock has a market cap of $18.86 billion, a P/E ratio of 34.77, a price-to-earnings-growth ratio of 2.04 and a beta of 1.46. The firm’s fifty day simple moving average is $125.37 and its 200 day simple moving average is $125.34.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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%. On average, analysts expect that Teradyne will post 4.1 EPS for the current fiscal year.

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

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.41%. Teradyne’s payout ratio is 14.41%.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sanjay Mehta sold 614 shares of the company’s 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 completion of the transaction, the chief financial officer now owns 30,446 shares in the company, valued at approximately $3,105,492. The trade was a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,434 shares of company stock worth $785,137. Corporate insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TER. State Street Corp boosted its stake in shares of Teradyne by 5.4% during the third quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after purchasing an additional 350,002 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after acquiring an additional 1,846,079 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Teradyne by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock worth $535,484,000 after purchasing an additional 209,868 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position 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 worth $355,837,000 after buying an additional 393,175 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Teradyne by 7.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,390,896 shares of the company’s stock valued at $302,582,000 after purchasing an additional 157,838 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

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.