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

Teradyne (NASDAQ:TER) had its target price cut by research analysts at Northland Securities from $154.00 to $140.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Northland Securities’ price objective suggests a potential upside of 21.65% from the stock’s previous close.

Several other research firms have also recently issued reports on TER. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Cantor Fitzgerald reissued an “overweight” rating and issued a $160.00 price objective on shares of Teradyne in a report on Thursday. Stifel Nicolaus reduced their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Finally, Robert W. Baird decreased their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $148.23.

Teradyne Trading Down 5.7 %

TER opened at $115.08 on Friday. Teradyne has a twelve month low of $92.29 and a twelve month high of $163.21. The firm has a market cap of $18.74 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 2.04 and a beta of 1.46. The company has a fifty day simple moving average of $125.22 and a 200 day simple moving average of $125.64.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.23% and a net margin of 19.23%. On average, analysts forecast that Teradyne will post 4.1 earnings per share for the current fiscal year.

Teradyne announced that its board has approved a stock repurchase plan on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Teradyne

In other news, CFO Sanjay Mehta sold 1,789 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was 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 owns 33,308 shares in the company, valued at $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,383 shares of company stock valued at $677,935 in the last quarter. Corporate insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Several large investors have recently made changes to their positions in TER. Manchester Capital Management LLC grew its holdings in shares of Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after acquiring an additional 227 shares during the last quarter. New Mexico Educational Retirement Board increased its stake in Teradyne by 2.6% in the 4th quarter. New Mexico Educational Retirement Board now owns 7,800 shares of the company’s stock worth $982,000 after purchasing an additional 200 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in Teradyne by 13.0% during the 4th quarter. V Square Quantitative Management LLC now owns 2,110 shares of the company’s stock worth $266,000 after buying an additional 243 shares during the period. Vontobel Holding Ltd. lifted its stake in Teradyne by 7.4% during the fourth quarter. Vontobel Holding Ltd. now owns 27,713 shares of the company’s stock valued at $3,490,000 after buying an additional 1,913 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Teradyne by 8.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 65,023 shares of the company’s stock worth $8,358,000 after buying an additional 4,930 shares during the period. Institutional investors 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.