Teradyne (NASDAQ:TER) Price Target Cut to $155.00 by Analysts at Susquehanna

Teradyne (NASDAQ:TER) had its price objective cut by stock analysts at Susquehanna from $165.00 to $155.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s target price indicates a potential upside of 81.65% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. Vertical Research started coverage on shares of Teradyne in a research note on Friday, March 7th. They set a “buy” rating and a $135.00 target price on the stock. KeyCorp reduced their price target on shares of Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday. TD Cowen reduced their price target on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Teradyne from $145.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.69.

Teradyne Price Performance

Shares of Teradyne stock opened at $85.33 on Wednesday. The stock has a market cap of $13.80 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 2.83 and a beta of 1.46. The firm’s 50-day moving average is $118.48 and its 200 day moving average is $120.70. Teradyne has a 1 year low of $82.98 and a 1 year high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly 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%. On average, equities analysts expect that Teradyne will post 3.88 EPS for the current fiscal year.

Insider Buying and Selling at Teradyne

In other news, CFO Sanjay Mehta sold 614 shares of the business’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 completion of the transaction, the chief financial officer now directly owns 30,446 shares of the company’s stock, valued at $3,105,492. The trade was a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Richard John Burns sold 407 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the transaction, the insider now directly owns 20,764 shares of the company’s stock, valued at approximately $2,502,269.64. This trade represents a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,479 shares of company stock worth $1,013,134. 0.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Teradyne

Institutional investors have recently added to or reduced their stakes in the business. Roberts Glore & Co. Inc. IL grew its position in Teradyne by 2.2% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock valued at $517,000 after acquiring an additional 90 shares during the period. Covestor Ltd grew its position in Teradyne by 12.3% during the fourth quarter. Covestor Ltd now owns 901 shares of the company’s stock valued at $113,000 after acquiring an additional 99 shares during the period. Snowden Capital Advisors LLC grew its position in Teradyne by 2.8% during the fourth quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company’s stock valued at $472,000 after acquiring an additional 103 shares during the period. Thrivent Financial for Lutherans grew its position in Teradyne by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after acquiring an additional 104 shares during the period. Finally, GAMMA Investing LLC boosted 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 period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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.