Teradyne (NASDAQ:TER) PT Lowered to $162.00

Teradyne (NASDAQ:TER) had its target price decreased by Citigroup from $185.00 to $162.00 in a report released on Friday morning, Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on TER. Craig Hallum cut shares of Teradyne from a buy rating to a hold rating and set a $124.00 price objective for the company. in a report on Friday. Susquehanna upped their price target on Teradyne from $130.00 to $145.00 and gave the stock a positive rating in a report on Friday. Evercore ISI started coverage on Teradyne in a report on Tuesday, April 16th. They issued an outperform rating and a $130.00 price objective on the stock. Robert W. Baird boosted their price objective on Teradyne from $110.00 to $120.00 and gave the company an outperform rating in a research report on Friday, April 26th. Finally, Northland Securities decreased their target price on Teradyne from $136.00 to $126.00 and set a market perform rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Teradyne has an average rating of Hold and a consensus price target of $142.93.

Teradyne Trading Up 1.2 %

Shares of NASDAQ TER opened at $127.93 on Friday. The company has a 50 day simple moving average of $146.60 and a two-hundred day simple moving average of $121.63. The stock has a market cap of $19.97 billion, a price-to-earnings ratio of 48.64, a PEG ratio of 2.54 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 posted its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The company had revenue of $729.88 million during the quarter, compared to the consensus estimate of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 earnings per share. Analysts forecast that Teradyne will post 3.08 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Tuesday, May 21st. Teradyne’s dividend payout ratio is presently 18.25%.

Insider Buying and Selling at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total value of $89,900.00. Following the completion of the transaction, the director now owns 18,393 shares of the company’s stock, valued at $2,645,649.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Richard John Burns sold 5,005 shares of Teradyne stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $137.64, for a total value of $688,888.20. Following the sale, the insider now owns 21,780 shares of the company’s stock, valued at $2,997,799.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $143.84, for a total transaction of $89,900.00. Following the completion of the transaction, the director now directly owns 18,393 shares of the company’s stock, valued at approximately $2,645,649.12. The disclosure for this sale can be found here. Insiders have sold 10,005 shares of company stock worth $1,304,763 over the last quarter. 0.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Teradyne

A number of hedge funds have recently made changes to their positions in TER. HB Wealth Management LLC grew its stake in Teradyne by 13.7% during the 4th quarter. HB Wealth Management LLC now owns 2,441 shares of the company’s stock valued at $265,000 after purchasing an additional 294 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of Teradyne during the fourth quarter worth approximately $33,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of Teradyne by 6.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 9,330 shares of the company’s stock worth $1,013,000 after buying an additional 577 shares during the last quarter. Caprock Group LLC acquired a new stake in Teradyne in the fourth quarter valued at $211,000. Finally, Symphony Financial Ltd. Co. bought a new position in Teradyne during the 4th quarter valued at $703,000. 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.