Teradyne (NASDAQ:TER) Price Target Cut to $133.00 by Analysts at Robert W. Baird

Teradyne (NASDAQ:TER) had its price target trimmed by Robert W. Baird from $140.00 to $133.00 in a research report sent to investors on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also commented on TER. StockNews.com lowered shares of Teradyne from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Craig Hallum downgraded Teradyne from a “buy” rating to a “hold” rating and set a $124.00 target price on the stock. in a research note on Friday, July 26th. Evercore ISI increased their price target on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. KeyCorp lifted their price objective on shares of Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. Finally, Citigroup decreased their target price on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Teradyne presently has an average rating of “Hold” and a consensus target price of $142.62.

Teradyne Trading Down 0.4 %

Shares of NASDAQ TER opened at $111.33 on Friday. The company has a market cap of $18.17 billion, a price-to-earnings ratio of 35.34, a price-to-earnings-growth ratio of 2.46 and a beta of 1.49. The stock’s 50 day simple moving average is $128.96 and its 200 day simple moving average is $132.07. Teradyne has a 12-month low of $81.07 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The company had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities analysts forecast that Teradyne will post 3.12 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 5th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Thursday, September 5th. Teradyne’s payout ratio is 15.24%.

Insider Transactions at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the completion of the sale, the director now owns 17,143 shares in the company, valued at approximately $2,207,504.11. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the transaction, the director now directly owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the sale, the chief financial officer now owns 35,834 shares of the company’s stock, valued at $4,768,072.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,977 shares of company stock valued at $1,979,834 over the last three months. Company insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp increased its holdings in shares of Teradyne by 10.4% during the 1st quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock valued at $543,278,000 after acquiring an additional 453,926 shares during the last quarter. Swedbank AB grew its holdings in Teradyne by 198.8% during the second quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after purchasing an additional 426,900 shares during the last quarter. Ossiam raised its position in shares of Teradyne by 13,540.0% in the first quarter. Ossiam now owns 419,977 shares of the company’s stock valued at $47,386,000 after purchasing an additional 416,898 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Teradyne by 4,854.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 398,009 shares of the company’s stock worth $44,907,000 after buying an additional 389,975 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Teradyne by 14.6% in the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock worth $342,178,000 after buying an additional 385,115 shares during the last quarter. 99.77% of the stock is 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.