Teradyne (NASDAQ:TER) PT Lowered to $120.00

Teradyne (NASDAQ:TERGet Rating) had its target price cut by KeyCorp from $140.00 to $120.00 in a research note published on Thursday morning, Marketbeat reports. They currently have an overweight rating on the stock.

Other equities research analysts also recently issued research reports about the company. Piper Sandler cut their price target on Teradyne from $163.00 to $127.00 and set an overweight rating on the stock in a report on Thursday, May 26th. UBS Group cut their price target on Teradyne from $135.00 to $120.00 and set a buy rating on the stock in a report on Thursday. Citigroup cut their price target on Teradyne from $130.00 to $112.00 and set a buy rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft cut their price target on Teradyne from $100.00 to $95.00 in a report on Thursday. Finally, DA Davidson lowered their price objective on Teradyne from $145.00 to $120.00 in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $124.55.

Teradyne Price Performance

TER stock opened at $100.89 on Thursday. The company has a current ratio of 3.33, a quick ratio of 2.97 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $16.16 billion, a PE ratio of 18.75, a P/E/G ratio of 2.91 and a beta of 1.53. Teradyne has a 12-month low of $82.97 and a 12-month high of $168.91. The business’s fifty day moving average price is $96.84 and its 200 day moving average price is $109.41.

Teradyne (NASDAQ:TERGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.07. Teradyne had a return on equity of 40.67% and a net margin of 26.58%. During the same period in the prior year, the firm posted $1.91 EPS. On average, sell-side analysts anticipate that Teradyne will post 4.8 EPS for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Wednesday, May 25th were given a $0.11 dividend. The ex-dividend date was Tuesday, May 24th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.44%. Teradyne’s dividend payout ratio (DPR) is presently 8.18%.

Insider Activity at Teradyne

In other Teradyne news, insider Brad Robbins sold 3,145 shares of the company’s stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of $89.49, for a total transaction of $281,446.05. Following the completion of the sale, the insider now directly owns 44,755 shares of the company’s stock, valued at approximately $4,005,124.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.36% of the company’s stock.

Institutional Trading of Teradyne

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Greenfield Savings Bank purchased a new position in Teradyne in the 2nd quarter valued at approximately $226,000. HGK Asset Management Inc. boosted its holdings in shares of Teradyne by 15.8% during the second quarter. HGK Asset Management Inc. now owns 5,492 shares of the company’s stock worth $492,000 after purchasing an additional 750 shares during the last quarter. Yorktown Management & Research Co Inc boosted its holdings in shares of Teradyne by 124.1% during the second quarter. Yorktown Management & Research Co Inc now owns 4,154 shares of the company’s stock worth $372,000 after purchasing an additional 2,300 shares during the last quarter. CWM LLC boosted its holdings in Teradyne by 12.4% in the second quarter. CWM LLC now owns 1,692 shares of the company’s stock valued at $152,000 after acquiring an additional 186 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new position in Teradyne in the second quarter valued at $225,000. 96.94% of the stock is owned by hedge funds and other institutional investors.

Teradyne Company Profile

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Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.

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