Morgan Stanley Cuts Teradyne (NASDAQ:TER) Price Target to $81.00

Teradyne (NASDAQ:TER) had its price target cut by analysts at Morgan Stanley from $112.00 to $81.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Morgan Stanley’s price objective suggests a potential downside of 5.07% from the company’s current price.

Several other research analysts have also commented on TER. Robert W. Baird reduced their price objective on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday. Citigroup dropped their target price on Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday. Vertical Research began coverage on Teradyne in a research note on Friday, March 7th. They issued a “buy” rating and a $135.00 price target for the company. JPMorgan Chase & Co. dropped their price target on Teradyne from $145.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Cantor Fitzgerald decreased their price objective on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and a consensus target price of $121.44.

Teradyne Stock Performance

Shares of TER opened at $85.33 on Friday. The company has a 50 day moving average price of $118.48 and a 200-day moving average price of $120.70. Teradyne has a fifty-two week low of $82.98 and a fifty-two week high of $163.21. The stock has a market capitalization of $13.80 billion, a PE ratio of 25.62, a PEG ratio of 2.83 and a beta of 1.46.

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

Insider Transactions at Teradyne

In other Teradyne news, insider Richard John Burns sold 407 shares of Teradyne stock in a transaction 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 sale, the insider now owns 20,764 shares of the company’s stock, valued at $2,502,269.64. The trade was a 1.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 614 shares of the firm’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 directly owns 30,446 shares in the company, valued at approximately $3,105,492. This represents a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock valued at $1,013,134 in the last three months. 0.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TER. Vanguard Group Inc. grew its holdings in Teradyne by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company’s stock valued at $2,569,511,000 after buying an additional 92,428 shares in the last quarter. State Street Corp boosted its position in shares of Teradyne by 5.4% during the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after acquiring an additional 350,002 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after purchasing an additional 1,846,079 shares during the period. Ameriprise Financial Inc. increased its position in Teradyne by 28.3% during the fourth quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company’s stock worth $608,025,000 after purchasing an additional 1,065,474 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Teradyne by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company’s stock worth $515,665,000 after purchasing an additional 94,374 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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.