JPMorgan Chase & Co. Issues Pessimistic Forecast for Teradyne (NASDAQ:TER) Stock Price

Teradyne (NASDAQ:TER) had its price objective lowered by JPMorgan Chase & Co. from $145.00 to $120.00 in a research report sent to investors on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other research firms have also issued reports on TER. Vertical Research started coverage on shares of Teradyne in a research report on Friday, March 7th. They issued a “buy” rating and a $135.00 price target for the company. Northland Securities dropped their price objective on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Stifel Nicolaus reduced their target price on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday. Morgan Stanley cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $121.00 to $117.00 in a research report on Tuesday, January 21st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $160.00 target price on shares of Teradyne in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.44.

Teradyne Stock Up 1.7 %

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 price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. The business has a 50 day moving average price of $117.60 and a two-hundred day moving average price of $120.38.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. On average, analysts expect that Teradyne will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis 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 Buying and Selling

In other Teradyne news, CFO Sanjay Mehta sold 1,384 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $154,302.16. Following the completion of the transaction, the chief financial officer now directly owns 36,576 shares of the company’s stock, valued at approximately $4,077,858.24. The trade was a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard John Burns sold 407 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the sale, the insider now owns 20,764 shares of the company’s stock, valued at $2,502,269.64. This trade represents a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock valued at $1,013,134 over the last three months. Company insiders own 0.36% of the company’s stock.

Institutional Trading of Teradyne

Several hedge funds have recently bought and sold shares of TER. Siemens Fonds Invest GmbH boosted its stake in Teradyne by 158.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 4,463 shares of the company’s stock worth $562,000 after purchasing an additional 2,735 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Teradyne in the 4th quarter valued at approximately $9,921,000. Jefferies Financial Group Inc. acquired a new position in Teradyne during the 4th quarter worth approximately $1,787,000. Polar Asset Management Partners Inc. grew its stake in shares of Teradyne by 63.2% during the 4th quarter. Polar Asset Management Partners Inc. now owns 169,900 shares of the company’s stock worth $21,394,000 after acquiring an additional 65,800 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of 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 currently 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.