JPMorgan Chase & Co. Cuts Teradyne (NASDAQ:TER) Price Target to $145.00

Teradyne (NASDAQ:TER) had its price target decreased by JPMorgan Chase & Co. from $158.00 to $145.00 in a research note issued to investors on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other equities analysts have also issued research reports about the stock. KeyCorp lowered their price objective on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday. Morgan Stanley lowered shares of Teradyne from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $121.00 to $117.00 in a report on Tuesday, January 21st. Northland Securities lowered their target price on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a report on Friday. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Finally, Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $143.77.

Teradyne Stock Performance

TER opened at $115.79 on Friday. The stock has a market capitalization 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 company has a fifty day moving average of $125.37 and a 200 day moving average of $124.88. Teradyne has a fifty-two week low of $92.29 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating 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%. On average, equities research analysts forecast that Teradyne will post 4.1 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently announced 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 0.41%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is 14.41%.

Teradyne declared that its board has approved a share repurchase plan on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to buy up to 0.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Teradyne

In other news, CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the transaction, the chief financial officer now owns 33,308 shares of the company’s stock, valued at $4,013,947.08. The trade was a 5.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred on 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 directly owns 74,660 shares in the company, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,434 shares of company stock valued at $785,137. Company insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Creative Planning lifted its stake in Teradyne by 17.0% during the 2nd quarter. Creative Planning now owns 16,848 shares of the company’s stock valued at $2,498,000 after acquiring an additional 2,451 shares during the period. Quarry LP grew its holdings in shares of Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after purchasing an additional 169 shares during the period. EP Wealth Advisors LLC lifted its position in Teradyne by 51.0% in the second quarter. EP Wealth Advisors LLC now owns 3,027 shares of the company’s stock valued at $449,000 after buying an additional 1,022 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Teradyne during the second quarter worth about $4,423,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in Teradyne by 28.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 833 shares of the company’s stock valued at $112,000 after purchasing an additional 182 shares during the last quarter. Hedge funds and other 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.