Robert W. Baird Cuts Teradyne (NASDAQ:TER) Price Target to $110.00

Teradyne (NASDAQ:TER) had its target price cut by Robert W. Baird from $140.00 to $110.00 in a report published on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research analysts also recently weighed in on TER. TD Cowen dropped their target price on Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday. KeyCorp dropped their price target on Teradyne from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday. Bank of America dropped their price target on Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research note on Wednesday. UBS Group set a $130.00 price target on Teradyne and gave the company a “buy” rating in a research note on Wednesday. Finally, Susquehanna dropped their price target on Teradyne from $165.00 to $155.00 and set a “positive” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.44.

Teradyne Price Performance

Shares of TER stock opened at $86.74 on Thursday. Teradyne has a 1-year low of $82.98 and a 1-year high of $163.21. The stock’s fifty day moving average price is $117.60 and its 200 day moving average price is $120.28. The company has a market cap of $14.03 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth 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 for the quarter, topping 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%. As a group, equities research analysts anticipate that Teradyne will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

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

Insider Buying and Selling

In other Teradyne news, VP Ryan Driscoll sold 437 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $44,574.00. Following the completion of the transaction, the vice president now owns 4,312 shares of the company’s stock, valued at $439,824. This represents a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 1,384 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $154,302.16. Following the transaction, the chief financial officer now directly owns 36,576 shares of the company’s stock, valued at $4,077,858.24. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On Teradyne

A number of large investors have recently made changes to their positions in TER. Compass Financial Services Inc purchased a new position in shares of Teradyne during the fourth quarter worth $33,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Teradyne in the fourth quarter valued at $34,000. AllSquare Wealth Management LLC lifted its holdings in Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after buying an additional 200 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after buying an additional 227 shares during the last quarter. Finally, Coastline Trust Co purchased a new stake in Teradyne during the 3rd quarter worth about $46,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Company Profile

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.