Teradyne (NASDAQ:TER – Get Rating) had its target price lowered by Cowen to $110.00 in a research report issued on Thursday, Stock Target Advisor reports. Cowen’s price target suggests a potential upside of 37.33% from the stock’s current price.
Other equities analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Teradyne from $95.00 to $85.00 and set a “hold” rating for the company in a research report on Thursday, October 13th. Susquehanna Bancshares upped their price objective on shares of Teradyne from $83.00 to $100.00 in a report on Thursday. Northland Securities reduced their price objective on shares of Teradyne from $85.00 to $74.00 and set a “market perform” rating for the company in a report on Monday, October 17th. Citigroup reduced their price objective on shares of Teradyne from $130.00 to $112.00 and set a “buy” rating for the company in a report on Thursday, July 28th. Finally, JPMorgan Chase & Co. cut their price target on shares of Teradyne from $105.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, October 12th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and a consensus target price of $115.10.
Teradyne Stock Down 2.6 %
Shares of NASDAQ:TER traded down $2.15 during midday trading on Thursday, reaching $80.10. The company had a trading volume of 73,837 shares, compared to its average volume of 1,859,245. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.85 and a quick ratio of 2.48. The stock’s fifty day moving average price is $78.73 and its 200-day moving average price is $89.47. The stock has a market capitalization of $12.56 billion, a P/E ratio of 17.92, a PEG ratio of 4.57 and a beta of 1.53. Teradyne has a one year low of $67.81 and a one year high of $168.91.
Teradyne (NASDAQ:TER – Get Rating) last released its earnings results on Tuesday, October 25th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.11. Teradyne had a net margin of 24.67% and a return on equity of 36.06%. The firm had revenue of $827.07 million during the quarter, compared to analyst estimates of $800.20 million. During the same quarter in the previous year, the firm earned $1.59 earnings per share. The firm’s revenue for the quarter was down 13.0% compared to the same quarter last year. Equities research analysts expect that Teradyne will post 3.92 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Teradyne news, insider Brad Robbins sold 3,144 shares of the firm’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $75.84, for a total transaction of $238,440.96. Following the transaction, the insider now owns 44,755 shares in the company, valued at $3,394,219.20. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Mark E. Jagiela sold 37,857 shares of Teradyne stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $100.20, for a total transaction of $3,793,271.40. Following the transaction, the chief executive officer now owns 234,735 shares in the company, valued at approximately $23,520,447. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brad Robbins sold 3,144 shares of Teradyne stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $75.84, for a total value of $238,440.96. Following the transaction, the insider now owns 44,755 shares in the company, valued at approximately $3,394,219.20. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.
Institutional Investors Weigh In On Teradyne
A number of hedge funds and other institutional investors have recently bought and sold shares of TER. Mastrapasqua Asset Management Inc. increased its holdings in shares of Teradyne by 0.8% during the 3rd quarter. Mastrapasqua Asset Management Inc. now owns 21,209 shares of the company’s stock worth $1,594,000 after acquiring an additional 163 shares during the last quarter. Keybank National Association OH boosted its stake in Teradyne by 74.8% in the third quarter. Keybank National Association OH now owns 3,950 shares of the company’s stock valued at $297,000 after buying an additional 1,690 shares in the last quarter. Lathrop Investment Management Corp boosted its stake in Teradyne by 189.2% in the third quarter. Lathrop Investment Management Corp now owns 81,063 shares of the company’s stock valued at $6,092,000 after buying an additional 53,036 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Teradyne by 6.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 654,035 shares of the company’s stock valued at $49,152,000 after buying an additional 41,177 shares in the last quarter. Finally, Veriti Management LLC bought a new position in Teradyne in the third quarter valued at about $201,000. Institutional investors and hedge funds own 98.52% of the company’s stock.
Teradyne Company Profile
Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.