Teradyne (NASDAQ:TER) Stock Rating Lowered by Morgan Stanley

Teradyne (NASDAQ:TER) was downgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued on Tuesday,Briefing.com Automated Import reports. They presently have a $117.00 price target on the stock, down from their prior price target of $121.00. Morgan Stanley’s target price suggests a potential downside of 15.46% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus lowered their price objective on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Craig Hallum decreased their price target 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. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $145.00 to $158.00 in a research report on Monday, December 16th. Northland Securities raised Teradyne from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $117.00 to $154.00 in a research report on Monday, January 6th. Finally, Evercore ISI boosted their price target on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. One investment 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 a consensus rating of “Moderate Buy” and a consensus target price of $147.77.

Teradyne Price Performance

TER stock opened at $138.40 on Tuesday. The stock has a market capitalization of $22.54 billion, a price-to-earnings ratio of 43.94, a price-to-earnings-growth ratio of 2.30 and a beta of 1.46. The company has a 50-day moving average of $121.85 and a two-hundred day moving average of $126.85. Teradyne has a 52-week low of $92.29 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.12. The firm had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 EPS. Equities analysts expect that Teradyne will post 3.17 EPS for the current fiscal year.

Teradyne announced that its board has authorized a stock buyback plan on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 0.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the 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 completion of the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Galvin Gaustad & Stein LLC purchased a new stake in shares of Teradyne during the 4th quarter valued at $302,000. Inspire Investing LLC boosted its holdings in shares of Teradyne by 26.6% in the fourth quarter. Inspire Investing LLC now owns 21,496 shares of the company’s stock worth $2,707,000 after acquiring an additional 4,518 shares during the period. SG Americas Securities LLC grew its holdings in Teradyne by 988.2% during the 4th quarter. SG Americas Securities LLC now owns 123,839 shares of the company’s stock valued at $15,594,000 after buying an additional 112,459 shares in the last quarter. Dakota Wealth Management increased its holdings in Teradyne by 3.1% during the 4th quarter. Dakota Wealth Management now owns 5,355 shares of the company’s stock worth $674,000 after acquiring an additional 160 shares during the period. Finally, Bourgeon Capital Management LLC raised its position in shares of Teradyne by 0.7% in the fourth quarter. Bourgeon Capital Management LLC now owns 69,644 shares of the company’s stock worth $8,770,000 after buying an additional 497 shares in the last quarter. 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.