Stifel Nicolaus Lowers Teradyne (NASDAQ:TER) Price Target to $110.00

Teradyne (NASDAQ:TER) had its price target lowered by Stifel Nicolaus from $125.00 to $110.00 in a report issued on Wednesday, MarketBeat reports. Stifel Nicolaus currently has a hold rating on the stock.

A number of other brokerages also recently commented on TER. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Vertical Research assumed coverage on Teradyne in a report on Friday, March 7th. They set a “buy” rating and a $135.00 price objective for the company. Susquehanna increased their price objective on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. UBS Group reduced their price objective on Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, TD Cowen reduced their price objective on Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.13.

Teradyne Trading Down 0.4 %

Shares of TER opened at $86.74 on Wednesday. The company has a market capitalization of $14.03 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 2.83 and a beta of 1.46. The stock has a 50 day moving average of $119.30 and a 200 day moving average of $120.95. Teradyne has a 12 month low of $82.98 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. As a group, equities research analysts predict that Teradyne will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.55%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio is 14.41%.

Insider Activity at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 1,789 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $215,592.39. Following the sale, the chief financial officer now owns 33,308 shares in the company, valued at $4,013,947.08. This trade represents a 5.10 % 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, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were 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. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,479 shares of company stock valued at $1,013,134. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Teradyne

A number of large investors have recently added to or reduced their stakes in the company. Siemens Fonds Invest GmbH raised its position in Teradyne by 158.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 4,463 shares of the company’s stock valued at $562,000 after purchasing an additional 2,735 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Teradyne in the fourth quarter worth about $9,921,000. Jefferies Financial Group Inc. purchased a new position in shares of Teradyne in the fourth quarter worth about $1,787,000. Polar Asset Management Partners Inc. increased its holdings in shares of Teradyne by 63.2% in the fourth quarter. Polar Asset Management Partners Inc. now owns 169,900 shares of the company’s stock worth $21,394,000 after buying an additional 65,800 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in shares of Teradyne by 82.2% in the fourth quarter. Mackenzie Financial Corp now owns 28,691 shares of the company’s stock worth $3,613,000 after buying an additional 12,946 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

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.