Teradyne (NASDAQ:TER) Given New $111.00 Price Target at Craig Hallum

Teradyne (NASDAQ:TER) had its price target lowered by stock analysts at Craig Hallum from $124.00 to $111.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Craig Hallum’s price objective suggests a potential downside of 0.67% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Cantor Fitzgerald upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a report on Friday, August 16th. Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. raised their target price on Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. StockNews.com lowered Teradyne from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Finally, Evercore ISI raised their price objective on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $138.71.

Teradyne Price Performance

Shares of Teradyne stock opened at $111.75 on Friday. The stock’s 50 day simple moving average is $129.41 and its 200-day simple moving average is $131.87. The stock has a market cap of $17.45 billion, a P/E ratio of 42.49, a P/E/G ratio of 2.57 and a beta of 1.49. Teradyne has a 1-year low of $81.07 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The company had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, research analysts expect that Teradyne will post 3.02 EPS for the current fiscal year.

Insider Buying and Selling at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the sale, the director now owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the transaction, the director now directly owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Wednesday, September 11th. The shares were 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 83,816 shares in the company, valued at $10,896,080. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,977 shares of company stock valued at $1,979,834 in the last 90 days. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Teradyne

A number of large investors have recently modified their holdings of TER. Swedbank AB lifted its position in shares of Teradyne by 198.8% during the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock worth $95,145,000 after purchasing an additional 426,900 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Teradyne by 17.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock worth $37,887,000 after buying an additional 50,156 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Teradyne by 8.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 188,733 shares of the company’s stock worth $21,295,000 after acquiring an additional 14,272 shares in the last quarter. MBB Public Markets I LLC purchased a new position in shares of Teradyne in the 2nd quarter valued at about $1,619,000. Finally, Empowered Funds LLC raised its position in shares of Teradyne by 137.6% during the 1st quarter. Empowered Funds LLC now owns 20,028 shares of the company’s stock worth $2,260,000 after acquiring an additional 11,599 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other 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.