KeyCorp Cuts Teradyne (NASDAQ:TER) Price Target to $140.00

Teradyne (NASDAQ:TER) had its price target decreased by KeyCorp from $150.00 to $140.00 in a research note issued to investors on Wednesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

A number of other analysts also recently commented on the company. Morgan Stanley downgraded Teradyne from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $121.00 to $117.00 in a research report on Tuesday, January 21st. JPMorgan Chase & Co. decreased their target price on Teradyne from $145.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday. Stifel Nicolaus lowered 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. Cantor Fitzgerald restated an “overweight” rating and set a $160.00 price target on shares of Teradyne in a research report on Thursday, January 30th. Finally, Vertical Research started coverage on shares of Teradyne in a research report on Friday, March 7th. They issued a “buy” rating and a $135.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $121.44.

Teradyne Trading Up 1.7 %

NASDAQ TER opened at $86.74 on Wednesday. The business has a fifty day simple moving average of $117.60 and a 200 day simple moving average of $120.38. Teradyne has a 12 month low of $82.98 and a 12 month high of $163.21. The firm has a market capitalization of $14.03 billion, a P/E ratio of 26.05, 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 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. As a group, sell-side analysts predict that Teradyne will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. Teradyne’s dividend payout ratio (DPR) is 14.41%.

Insiders Place Their Bets

In other news, CFO Sanjay Mehta sold 614 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were 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 $3,105,492. The trade was a 1.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Ryan Driscoll sold 437 shares of Teradyne stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $44,574.00. Following the sale, the vice president now directly owns 4,312 shares of the company’s stock, valued at $439,824. This represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock worth $1,013,134 in the last quarter. 0.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TER. Compass Financial Services Inc purchased a new position in Teradyne in the 4th quarter worth approximately $33,000. Strategic Investment Solutions Inc. IL purchased a new position in Teradyne in the fourth quarter worth $34,000. AllSquare Wealth Management LLC increased its stake in Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock valued at $38,000 after acquiring an additional 200 shares during the last quarter. Manchester Capital Management LLC raised its position in Teradyne by 264.0% during the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after purchasing an additional 227 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Teradyne during the fourth quarter worth about $45,000. 99.77% of the stock is currently owned by institutional investors.

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.