Teradyne (NASDAQ:TER) Price Target Lowered to $150.00 at KeyCorp

Teradyne (NASDAQ:TER) had its price target trimmed by KeyCorp from $180.00 to $150.00 in a report issued on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other analysts also recently weighed in on TER. Morgan Stanley downgraded shares of Teradyne from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $121.00 to $117.00 in a research note on Tuesday, January 21st. Stifel Nicolaus decreased their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, October 25th. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Evercore ISI increased their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $145.00 to $158.00 in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.77.

Teradyne Stock Performance

Shares of NASDAQ TER opened at $115.79 on Friday. The business’s 50 day moving average price is $125.37 and its 200-day moving average price is $125.34. Teradyne has a fifty-two week low of $92.29 and a fifty-two week high of $163.21. The company has a market cap of $18.86 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 2.04 and a beta of 1.46.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.23% and a net margin of 19.23%. Sell-side analysts predict that Teradyne will post 4.1 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.41%. Teradyne’s payout ratio is currently 14.41%.

Teradyne declared that its Board of Directors has initiated a stock buyback plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, CFO Sanjay Mehta sold 614 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $62,628.00. Following the completion of the sale, the chief financial officer now owns 30,446 shares of the company’s stock, valued at approximately $3,105,492. This represents a 1.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Ryan Driscoll sold 437 shares of the firm’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 sale, the vice president now owns 4,312 shares of the company’s stock, valued at $439,824. This represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,434 shares of company stock valued at $785,137 over the last ninety days. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Teradyne

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. increased its position in shares of Teradyne by 10.2% during the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company’s stock worth $127,000 after purchasing an additional 88 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Teradyne by 10.2% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock valued at $149,000 after acquiring an additional 103 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Teradyne by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after acquiring an additional 104 shares during the period. GAMMA Investing LLC boosted its position in shares of Teradyne by 3.1% during the 4th quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after purchasing an additional 105 shares during the period. Finally, TD Private Client Wealth LLC raised its position in Teradyne by 0.5% in the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock valued at $2,666,000 after purchasing an additional 108 shares during the period. 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.