Bank of America Issues Pessimistic Forecast for Teradyne (NASDAQ:TER) Stock Price

Teradyne (NASDAQ:TER) had its price target lowered by Bank of America from $100.00 to $85.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has an underperform rating on the stock.

Other analysts have also recently issued reports about the stock. Susquehanna raised their price target on shares of Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered their price target on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Stifel Nicolaus lowered their price target on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, KeyCorp lowered their price target on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and an average target price of $125.13.

Teradyne Price Performance

Shares of Teradyne stock opened at $86.74 on Wednesday. Teradyne has a 1 year low of $82.98 and a 1 year high of $163.21. The firm’s 50-day moving average is $119.30 and its two-hundred day moving average is $120.95. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio is presently 14.41%.

Insiders Place Their Bets

In other news, insider Richard John Burns sold 445 shares of Teradyne stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $49,613.05. Following the completion of the transaction, the insider now directly owns 25,191 shares of the company’s stock, valued at $2,808,544.59. The trade was a 1.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sanjay Mehta sold 1,384 shares of Teradyne stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $154,302.16. Following the transaction, the chief financial officer now directly owns 36,576 shares of the company’s stock, valued at approximately $4,077,858.24. This trade represents a 3.65 % 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. 0.36% of the stock is owned by insiders.

Hedge Funds Weigh In On Teradyne

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Teradyne by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company’s stock valued at $2,569,511,000 after acquiring an additional 92,428 shares during the period. State Street Corp grew its stake in Teradyne by 5.4% in the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after acquiring an additional 350,002 shares during the period. Van ECK Associates Corp grew its stake in Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after acquiring an additional 1,846,079 shares during the period. Ameriprise Financial Inc. grew its stake in Teradyne by 28.3% in the 4th quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company’s stock valued at $608,025,000 after acquiring an additional 1,065,474 shares during the period. Finally, Geode Capital Management LLC grew its stake in Teradyne by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company’s stock valued at $515,665,000 after acquiring an additional 94,374 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

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.