Morgan Stanley Issues Pessimistic Forecast for Teradyne (NASDAQ:TER) Stock Price

Teradyne (NASDAQ:TER) had its price objective cut by Morgan Stanley from $112.00 to $81.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an underweight rating on the stock.

A number of other equities research analysts have also recently commented on TER. Robert W. Baird reduced their target price on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday. Stifel Nicolaus reduced their price objective on Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, March 12th. Citigroup lowered 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, March 12th. KeyCorp cut their price target on Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Finally, Vertical Research assumed 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 analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.44.

Teradyne Stock Up 1.7 %

TER opened at $86.74 on Friday. Teradyne has a 52 week low of $82.98 and a 52 week high of $163.21. The business’s 50 day moving average is $117.60 and its two-hundred day moving average is $120.19. The firm 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Equities analysts expect that Teradyne will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.55%. Teradyne’s payout ratio is currently 14.41%.

Insider Buying and Selling at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 614 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $62,628.00. Following the sale, the chief financial officer now owns 30,446 shares of the company’s stock, valued at approximately $3,105,492. This represents a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard John Burns sold 445 shares of Teradyne stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the transaction, the insider now directly owns 25,191 shares of the company’s stock, valued at $2,808,544.59. This trade represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,479 shares of company stock valued at $1,013,134. Corporate insiders own 0.36% of the company’s stock.

Institutional Trading of Teradyne

Several institutional investors and hedge funds have recently modified their holdings of the business. Siemens Fonds Invest GmbH lifted its stake in Teradyne by 158.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 4,463 shares of the company’s stock valued at $562,000 after buying an additional 2,735 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Teradyne in the fourth quarter valued at $9,921,000. Jefferies Financial Group Inc. acquired a new stake in shares of Teradyne during the fourth quarter valued at $1,787,000. Polar Asset Management Partners Inc. increased its position in Teradyne by 63.2% during the 4th quarter. Polar Asset Management Partners Inc. now owns 169,900 shares of the company’s stock worth $21,394,000 after purchasing an additional 65,800 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in Teradyne by 82.2% in the 4th quarter. Mackenzie Financial Corp now owns 28,691 shares of the company’s stock valued at $3,613,000 after purchasing an additional 12,946 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.