Northland Securities Has Lowered Expectations for Teradyne (NASDAQ:TER) Stock Price

Teradyne (NASDAQ:TER) had its target price cut by Northland Securities from $154.00 to $140.00 in a research report released on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $145.00 to $158.00 in a report on Monday, December 16th. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Susquehanna boosted their price target on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research note on Wednesday, January 22nd. Morgan Stanley cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $121.00 to $117.00 in a research note on Tuesday, January 21st. Finally, Craig Hallum decreased their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.77.

Teradyne Price Performance

Shares of TER stock opened at $115.79 on Friday. The company has a market cap of $18.86 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 2.04 and a beta of 1.46. The firm has a fifty day moving average price of $125.37 and a 200-day moving average price of $124.88. Teradyne has a 1 year low of $92.29 and a 1 year high of $163.21.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share 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 19.23%. Equities research analysts expect that Teradyne will post 4.1 EPS for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.41%. Teradyne’s payout ratio is 14.41%.

Teradyne declared that its Board of Directors has approved a stock repurchase plan on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Activity at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 614 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $62,628.00. Following the transaction, the chief financial officer now directly owns 30,446 shares in the company, valued at $3,105,492. This represents a 1.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,434 shares of company stock worth $785,137. Insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Peregrine Capital Management LLC boosted its stake in shares of Teradyne by 1.8% during the fourth quarter. Peregrine Capital Management LLC now owns 79,006 shares of the company’s stock valued at $9,948,000 after purchasing an additional 1,411 shares in the last quarter. Kornitzer Capital Management Inc. KS bought a new position in shares of Teradyne during the fourth quarter valued at approximately $4,533,000. CIBC Asset Management Inc boosted its stake in shares of Teradyne by 4.6% during the fourth quarter. CIBC Asset Management Inc now owns 24,515 shares of the company’s stock valued at $3,087,000 after purchasing an additional 1,076 shares in the last quarter. Sanctuary Advisors LLC lifted its position in Teradyne by 3.8% during the fourth quarter. Sanctuary Advisors LLC now owns 25,448 shares of the company’s stock valued at $2,929,000 after acquiring an additional 942 shares during the last quarter. Finally, FengHe Fund Management Pte. Ltd. purchased a new stake in Teradyne during the fourth quarter valued at approximately $14,531,000. 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.