Teradyne (NASDAQ:TER) Price Target Cut to $126.00 by Analysts at Northland Securities

Teradyne (NASDAQ:TER) had its target price reduced by equities research analysts at Northland Securities from $136.00 to $126.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “market perform” rating on the stock. Northland Securities’ target price points to a potential upside of 0.57% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on TER. JPMorgan Chase & Co. raised their target price on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday. Evercore ISI began coverage on Teradyne in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 target price on the stock. Cantor Fitzgerald reiterated a “neutral” rating and issued a $180.00 target price on shares of Teradyne in a research note on Thursday. Robert W. Baird raised their target price on Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Citigroup raised their target price on Teradyne from $112.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $143.14.

Teradyne Trading Up 0.8 %

Teradyne stock traded up $0.95 during mid-day trading on Friday, reaching $125.28. The company’s stock had a trading volume of 1,079,275 shares, compared to its average volume of 2,039,440. The firm has a market cap of $19.56 billion, a price-to-earnings ratio of 47.97, a PEG ratio of 2.69 and a beta of 1.50. The business has a 50 day moving average price of $146.94 and a 200-day moving average price of $121.10. Teradyne has a twelve month low of $81.07 and a twelve month high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. The firm had revenue of $729.88 million during the quarter, compared to the consensus estimate of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 19.18%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.79 earnings per share. On average, equities analysts expect that Teradyne will post 3.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $121.20, for a total value of $75,750.00. Following the sale, the director now directly owns 17,142 shares in the company, valued at $2,077,610.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the transaction, the chief financial officer now owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $121.20, for a total value of $75,750.00. Following the completion of the transaction, the director now directly owns 17,142 shares in the company, valued at approximately $2,077,610.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,005 shares of company stock worth $1,304,763. 0.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Teradyne

Institutional investors have recently bought and sold shares of the stock. HB Wealth Management LLC grew its stake in Teradyne by 13.7% during the 4th quarter. HB Wealth Management LLC now owns 2,441 shares of the company’s stock valued at $265,000 after acquiring an additional 294 shares in the last quarter. CVA Family Office LLC purchased a new position in Teradyne during the 4th quarter valued at about $33,000. Raymond James Financial Services Advisors Inc. grew its stake in Teradyne by 6.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 9,330 shares of the company’s stock valued at $1,013,000 after acquiring an additional 577 shares in the last quarter. Caprock Group LLC purchased a new position in Teradyne during the 4th quarter valued at about $211,000. Finally, Symphony Financial Ltd. Co. purchased a new position in Teradyne during the 4th quarter valued at about $703,000. 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.