Teradyne (NASDAQ:TER) Given New $110.00 Price Target at Cantor Fitzgerald

Teradyne (NASDAQ:TER) had its price target trimmed by Cantor Fitzgerald from $150.00 to $110.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

TER has been the topic of a number of other research reports. Northland Securities dropped their price target on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Vertical Research began coverage on Teradyne in a research note on Friday, March 7th. They issued a “buy” rating and a $135.00 price target on the stock. TD Cowen dropped their price target on Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday. Stifel Nicolaus dropped their price target on Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, UBS Group set a $130.00 price target on Teradyne and gave the company a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and an average price target of $121.44.

Teradyne Stock Up 1.7 %

Shares of Teradyne stock opened at $86.74 on Wednesday. Teradyne has a 12-month low of $82.98 and a 12-month high of $163.21. The stock has a market cap of $14.03 billion, a P/E ratio of 26.05, a P/E/G ratio of 2.83 and a beta of 1.46. The business’s 50 day moving average is $117.60 and its 200-day moving average is $120.38.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data 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 return on equity of 19.08% and a net margin of 19.23%. On average, sell-side analysts expect that Teradyne will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is currently 14.41%.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Richard John Burns sold 445 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the sale, the insider now directly owns 25,191 shares in the company, valued at $2,808,544.59. This trade represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is owned by corporate insiders.

Institutional Trading of Teradyne

Large investors have recently bought and sold shares of the business. Siemens Fonds Invest GmbH raised its position in Teradyne by 158.3% in the fourth quarter. Siemens Fonds Invest GmbH now owns 4,463 shares of the company’s stock valued at $562,000 after purchasing an additional 2,735 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Teradyne in the fourth quarter valued at about $9,921,000. Jefferies Financial Group Inc. bought a new position in Teradyne in the fourth quarter valued at about $1,787,000. Polar Asset Management Partners Inc. raised its position in Teradyne by 63.2% in the fourth quarter. Polar Asset Management Partners Inc. now owns 169,900 shares of the company’s stock valued at $21,394,000 after purchasing an additional 65,800 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in Teradyne by 82.2% in the fourth quarter. Mackenzie Financial Corp now owns 28,691 shares of the company’s stock valued at $3,613,000 after purchasing an additional 12,946 shares during the last quarter. 99.77% of the stock is 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.