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

Teradyne (NASDAQ:TER) had its target price lowered by analysts at JPMorgan Chase & Co. from $145.00 to $120.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 38.29% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. KeyCorp lowered their price target on Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Bank of America dropped 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. Morgan Stanley cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $121.00 to $117.00 in a research report on Tuesday, January 21st. Northland Securities decreased their target price on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $160.00 target price on shares of Teradyne in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.94.

Teradyne Price Performance

Shares of Teradyne stock opened at $86.78 on Wednesday. Teradyne has a one year low of $82.98 and a one year high of $163.21. The stock’s 50-day moving average is $120.09 and its 200-day moving average is $121.19. The firm has a market cap of $14.03 billion, a price-to-earnings ratio of 26.36, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results 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 net margin of 19.23% and a return on equity of 19.08%. On average, equities analysts expect that Teradyne will post 3.88 EPS for the current year.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sanjay Mehta sold 1,789 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the sale, the chief financial officer now directly owns 33,308 shares of the company’s stock, valued at $4,013,947.08. The trade was a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is currently owned by company insiders.

Institutional Trading of Teradyne

Several hedge funds have recently bought and sold shares of TER. Compass Financial Services Inc bought a new stake in shares of Teradyne during the fourth quarter worth about $33,000. Strategic Investment Solutions Inc. IL acquired a new position in Teradyne during the 4th quarter valued at about $34,000. AllSquare Wealth Management LLC increased its holdings in Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after purchasing an additional 200 shares in the last quarter. Manchester Capital Management LLC raised its stake in shares of Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after purchasing an additional 227 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Teradyne during the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds 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.