Northland Securities Lowers Teradyne (NASDAQ:TER) to Market Perform

Northland Securities cut shares of Teradyne (NASDAQ:TER) from an outperform rating to a market perform rating in a research report report published on Thursday, MarketBeat.com reports. The firm currently has $136.00 target price on the stock.

Other analysts have also recently issued reports about the stock. Evercore ISI initiated coverage on shares of Teradyne in a research report on Tuesday, April 16th. They set an outperform rating and a $130.00 price target for the company. JPMorgan Chase & Co. raised their target price on Teradyne from $100.00 to $110.00 and gave the company a neutral rating in a report on Thursday, April 11th. UBS Group boosted their price target on Teradyne from $130.00 to $170.00 and gave the stock a buy rating in a research report on Tuesday, June 18th. Susquehanna increased their price objective on shares of Teradyne from $125.00 to $130.00 and gave the company a positive rating in a research report on Friday, April 26th. Finally, The Goldman Sachs Group boosted their target price on shares of Teradyne from $118.00 to $161.00 and gave the stock a buy rating in a research report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $139.64.

Teradyne Price Performance

Shares of NASDAQ TER opened at $146.42 on Thursday. The company has a 50-day simple moving average of $145.76 and a 200-day simple moving average of $120.19. The company has a market cap of $22.86 billion, a PE ratio of 55.67, a price-to-earnings-growth ratio of 2.74 and a beta of 1.50. 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 data on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. The business had revenue of $599.82 million during the quarter, compared to the consensus estimate of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. On average, analysts anticipate that Teradyne will post 3.05 EPS for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, May 22nd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.33%. The ex-dividend date was Tuesday, May 21st. Teradyne’s dividend payout ratio (DPR) is currently 18.25%.

Insider Activity at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $121.20, for a total value of $75,750.00. Following the completion of the sale, the director now directly owns 17,142 shares of the company’s stock, valued at approximately $2,077,610.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Sanjay Mehta sold 3,750 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the sale, the chief financial officer now directly owns 41,902 shares in the company, valued at $5,030,754.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $121.20, for a total value of $75,750.00. Following the sale, the director now directly owns 17,142 shares of the company’s stock, valued at $2,077,610.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,005 shares of company stock worth $1,304,763. 0.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Teradyne

Institutional investors and hedge funds have recently modified their holdings of the business. Mitchell & Pahl Private Wealth LLC lifted its position in shares of Teradyne by 1.1% in the second quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock worth $1,074,000 after buying an additional 79 shares during the last quarter. Blair William & Co. IL lifted its holdings in Teradyne by 0.6% in the 1st quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock worth $1,693,000 after purchasing an additional 83 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Teradyne by 17.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock worth $97,000 after purchasing an additional 96 shares during the last quarter. Quent Capital LLC boosted its position in Teradyne by 6.0% during the second quarter. Quent Capital LLC now owns 1,868 shares of the company’s stock worth $277,000 after purchasing an additional 105 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Teradyne by 4.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,346 shares of the company’s stock valued at $255,000 after purchasing an additional 107 shares during the last quarter. Institutional investors and hedge funds 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.