Teradyne (NASDAQ:TER) Given New $85.00 Price Target at Bank of America

Teradyne (NASDAQ:TER) had its price target lowered by analysts at Bank of America from $100.00 to $85.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “underperform” rating on the stock. Bank of America‘s price objective indicates a potential downside of 0.39% from the stock’s current price.

Other analysts also recently issued research reports about the company. Northland Securities cut their target price on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus cut their target price on Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday. Vertical Research started coverage on Teradyne in a research note on Friday, March 7th. They set a “buy” rating and a $135.00 target price on the stock. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Susquehanna boosted their price objective on Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $123.69.

Teradyne Price Performance

NASDAQ:TER opened at $85.33 on Wednesday. Teradyne has a 12-month low of $82.98 and a 12-month high of $163.21. The firm has a market capitalization of $13.80 billion, a P/E ratio of 25.62, a P/E/G ratio of 2.83 and a beta of 1.46. The business has a 50 day simple moving average of $118.48 and a 200 day simple moving average of $120.70.

Teradyne (NASDAQ:TER) last released its quarterly earnings data 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 return on equity of 19.08% and a net margin of 19.23%. Research analysts anticipate that Teradyne will post 3.88 EPS for the current fiscal year.

Insider Buying and Selling

In other Teradyne news, VP Ryan Driscoll sold 437 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $44,574.00. Following the transaction, the vice president now owns 4,312 shares in the company, valued at $439,824. The trade was a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sanjay Mehta sold 614 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $62,628.00. Following the completion of the transaction, the chief financial officer now owns 30,446 shares in the company, valued at $3,105,492. This trade represents a 1.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock worth $1,013,134 in the last three months. 0.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Roberts Glore & Co. Inc. IL grew its stake in Teradyne by 2.2% in the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock valued at $517,000 after purchasing an additional 90 shares in the last quarter. Covestor Ltd grew its stake in Teradyne by 12.3% in the fourth quarter. Covestor Ltd now owns 901 shares of the company’s stock valued at $113,000 after purchasing an additional 99 shares in the last quarter. Snowden Capital Advisors LLC grew its stake in Teradyne by 2.8% in the fourth quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company’s stock valued at $472,000 after purchasing an additional 103 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Teradyne by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after purchasing an additional 104 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Teradyne by 3.1% in the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after buying an additional 105 shares during the last quarter. 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.