Teradyne (NASDAQ:TER) Price Target Lowered to $140.00 at Northland Securities

Teradyne (NASDAQ:TER) had its price objective trimmed by Northland Securities from $154.00 to $140.00 in a research note released on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other research firms have also issued reports on TER. Craig Hallum decreased their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $145.00 to $158.00 in a research report on Monday, December 16th. Finally, Susquehanna lifted their target price on Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.77.

Teradyne Price Performance

TER stock opened at $115.79 on Friday. The stock has a market capitalization of $18.86 billion, a PE ratio of 34.77, a price-to-earnings-growth ratio of 2.04 and a beta of 1.46. The company has a 50 day moving average price of $125.37 and a 200 day moving average price of $125.34. Teradyne has a fifty-two week low of $92.29 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, January 29th. The company reported $0.95 EPS 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 19.23%. As a group, equities analysts expect that Teradyne will post 4.1 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 annualized dividend and a yield of 0.41%. Teradyne’s dividend payout ratio is currently 14.41%.

Teradyne declared that its board has approved a stock repurchase plan on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 614 shares of Teradyne stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $62,628.00. Following the completion of the transaction, the chief financial officer now directly owns 30,446 shares of the company’s stock, valued at $3,105,492. The trade was a 1.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,434 shares of company stock worth $785,137. Company insiders own 0.36% of the company’s stock.

Institutional Trading of Teradyne

Large investors have recently bought and sold shares of the business. Whittier Trust Co. lifted its holdings in shares of Teradyne by 10.2% during the third quarter. Whittier Trust Co. now owns 950 shares of the company’s stock worth $127,000 after purchasing an additional 88 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock valued at $149,000 after buying an additional 103 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Teradyne by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after acquiring an additional 104 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Teradyne by 3.1% in the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after acquiring an additional 105 shares during the period. Finally, TD Private Client Wealth LLC boosted its holdings 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 acquiring an additional 108 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

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.