Bank of America Cuts Teradyne (NASDAQ:TER) Price Target to $85.00

Teradyne (NASDAQ:TER) had its price objective trimmed by Bank of America from $100.00 to $85.00 in a research report sent to investors on Wednesday,Benzinga reports. The firm currently has an underperform rating on the stock.

TER has been the subject of a number of other research reports. Cantor Fitzgerald reissued an “overweight” rating and set a $160.00 target price on shares of Teradyne in a report on Thursday, January 30th. Susquehanna lifted their target price on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Morgan Stanley downgraded Teradyne from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $121.00 to $117.00 in a report on Tuesday, January 21st. Stifel Nicolaus cut their price target on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, UBS Group lowered their price target on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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 business’s 50 day moving average is $117.60 and its 200-day moving average is $120.38. 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.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.55%. Teradyne’s payout ratio is 14.41%.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ryan Driscoll sold 437 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $44,574.00. Following the completion of the transaction, the vice president now owns 4,312 shares of the company’s stock, valued at approximately $439,824. The trade was a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,479 shares of company stock worth $1,013,134. Insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Teradyne by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company’s stock valued at $2,569,511,000 after purchasing an additional 92,428 shares during the last quarter. State Street Corp increased its position in Teradyne by 5.4% during the third quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after acquiring an additional 350,002 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after acquiring an additional 1,846,079 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Teradyne by 28.3% in the 4th quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company’s stock worth $608,025,000 after acquiring an additional 1,065,474 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Teradyne by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company’s stock worth $515,665,000 after purchasing an additional 94,374 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

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.