Teradyne (NASDAQ:TER) Price Target Cut to $100.00 by Analysts at Citigroup

Teradyne (NASDAQ:TER) had its price target decreased by Citigroup from $130.00 to $100.00 in a research report released on Wednesday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

Other analysts also recently issued research reports about the company. Cantor Fitzgerald reduced their price objective on Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday. Bank of America cut their target price on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a research report on Wednesday. Vertical Research began coverage on Teradyne in a research report on Friday, March 7th. They set a “buy” rating and a $135.00 target price for the company. Susquehanna cut their target price on Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a research report on Wednesday. Finally, Morgan Stanley downgraded Teradyne from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $121.00 to $117.00 in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $125.13.

Teradyne Trading Down 0.4 %

Shares of TER stock opened at $86.74 on Wednesday. The stock has a 50 day moving average of $119.30 and a two-hundred day moving average of $120.95. Teradyne has a 12 month low of $82.98 and a 12 month high of $163.21. The company has a market capitalization of $14.03 billion, a P/E ratio of 26.05, a P/E/G ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data 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 return on equity of 19.08% and a net margin of 19.23%. Sell-side analysts predict that Teradyne will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 0.55%. Teradyne’s dividend payout ratio (DPR) is currently 14.41%.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne 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 completion of the sale, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard John Burns sold 445 shares of Teradyne stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the sale, the insider now directly owns 25,191 shares of the company’s stock, valued at $2,808,544.59. This trade represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,479 shares of company stock valued at $1,013,134. Company insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Siemens Fonds Invest GmbH boosted its position in shares of Teradyne by 158.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 4,463 shares of the company’s stock worth $562,000 after purchasing an additional 2,735 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Teradyne in the 4th quarter worth $9,921,000. Jefferies Financial Group Inc. bought a new position in shares of Teradyne in the 4th quarter worth $1,787,000. Polar Asset Management Partners Inc. boosted its position in shares of Teradyne by 63.2% in the 4th quarter. Polar Asset Management Partners Inc. now owns 169,900 shares of the company’s stock worth $21,394,000 after purchasing an additional 65,800 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Teradyne by 82.2% in the 4th quarter. Mackenzie Financial Corp now owns 28,691 shares of the company’s stock worth $3,613,000 after purchasing an additional 12,946 shares during the last quarter. 99.77% of the stock is currently owned by 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.