Teradyne (NASDAQ:TER) Price Target Lowered to $120.00 at JPMorgan Chase & Co.

Teradyne (NASDAQ:TER) had its price target trimmed by JPMorgan Chase & Co. from $145.00 to $120.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other analysts have also commented on TER. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Susquehanna increased their price objective on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Morgan Stanley lowered Teradyne from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $121.00 to $117.00 in a research note on Tuesday, January 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $160.00 price objective on shares of Teradyne in a research note on Thursday, January 30th. Finally, Bank of America decreased their price target on Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.13.

Teradyne Stock Performance

Teradyne stock opened at $86.74 on Wednesday. The firm has a market capitalization 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. Teradyne has a fifty-two week low of $82.98 and a fifty-two week high of $163.21. The stock’s fifty day moving average is $119.30 and its two-hundred day moving average is $120.95.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating 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%. As a group, sell-side analysts forecast that Teradyne will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued 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 0.55%. Teradyne’s dividend payout ratio (DPR) is 14.41%.

Insider Transactions at Teradyne

In related news, insider Richard John Burns sold 445 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $49,613.05. Following the sale, the insider now directly owns 25,191 shares in the company, valued at approximately $2,808,544.59. This trade represents a 1.74 % decrease in their position. The sale was disclosed in a filing 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 dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $44,574.00. Following the sale, the vice president now owns 4,312 shares in the company, 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. Insiders have sold a total of 8,479 shares of company stock worth $1,013,134 in the last three months. 0.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Teradyne

Several hedge funds have recently modified their holdings of the stock. Roberts Glore & Co. Inc. IL increased its holdings in Teradyne by 2.2% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock worth $517,000 after purchasing an additional 90 shares during the last quarter. Covestor Ltd increased its holdings in Teradyne by 12.3% during the 4th quarter. Covestor Ltd now owns 901 shares of the company’s stock worth $113,000 after purchasing an additional 99 shares during the last quarter. Snowden Capital Advisors LLC increased its holdings in Teradyne by 2.8% during the 4th quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company’s stock worth $472,000 after purchasing an additional 103 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in Teradyne by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after purchasing an additional 104 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in 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 last quarter. 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.