Teradyne (NASDAQ:TER) Given New $111.00 Price Target at Craig Hallum

Teradyne (NASDAQ:TER) had its price objective cut by Craig Hallum from $124.00 to $111.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a hold rating on the stock.

Other equities analysts have also recently issued reports about the company. Evercore ISI upped their price objective on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Stifel Nicolaus cut their price objective on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday. Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Northland Securities cut their price objective on Teradyne from $136.00 to $126.00 and set a “market perform” rating for the company in a report on Friday, July 26th. Finally, StockNews.com cut Teradyne from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Teradyne currently has a consensus rating of “Hold” and an average target price of $138.71.

Teradyne Stock Performance

Teradyne stock traded up $1.03 during midday trading on Friday, hitting $111.75. 3,573,702 shares of the company’s stock were exchanged, compared to its average volume of 2,021,266. Teradyne has a 52-week low of $81.07 and a 52-week high of $163.21. The stock has a 50-day moving average price of $129.41 and a two-hundred day moving average price of $131.73. The company has a market cap of $17.45 billion, a P/E ratio of 42.49, a PEG ratio of 2.57 and a beta of 1.49.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.78 by $0.12. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The business had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. During the same period in the previous year, the business earned $0.80 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts expect that Teradyne will post 3.02 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Thursday, September 5th. Teradyne’s payout ratio is 18.25%.

Insider Buying and Selling at Teradyne

In other Teradyne news, insider Richard John Burns sold 789 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the transaction, the insider now owns 21,864 shares of the company’s stock, valued at $2,903,539.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the transaction, the director now owns 16,518 shares of the company’s stock, valued at approximately $2,204,987.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard John Burns sold 789 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the sale, the insider now owns 21,864 shares in the company, valued at $2,903,539.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,977 shares of company stock valued at $1,979,834 in the last 90 days. Insiders own 0.36% of the company’s stock.

Institutional Trading of Teradyne

Several institutional investors have recently added to or reduced their stakes in the business. Mitchell & Pahl Private Wealth LLC boosted its stake in Teradyne by 1.1% during the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock valued at $1,074,000 after purchasing an additional 79 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of Teradyne by 0.6% during the 1st quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock valued at $1,693,000 after buying an additional 83 shares during the period. Whittier Trust Co. lifted its holdings in shares of Teradyne by 10.2% during the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company’s stock valued at $127,000 after buying an additional 88 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Teradyne by 17.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $97,000 after buying an additional 96 shares during the period. Finally, Wealth Alliance lifted its holdings in shares of Teradyne by 3.3% during the 2nd quarter. Wealth Alliance now owns 3,044 shares of the company’s stock valued at $451,000 after buying an additional 98 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

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.