Teradyne (NASDAQ:TER) PT Lowered to $85.00 at Northland Securities

Teradyne (NASDAQ:TERGet Rating) had its price target trimmed by Northland Securities from $90.00 to $85.00 in a report issued on Thursday, The Fly reports.

A number of other equities analysts also recently commented on TER. Bank of America downgraded shares of Teradyne from a buy rating to a neutral rating and dropped their target price for the stock from $140.00 to $110.00 in a research note on Wednesday, June 29th. DA Davidson dropped their target price on shares of Teradyne from $145.00 to $120.00 in a research note on Thursday. Piper Sandler dropped their target price on shares of Teradyne from $163.00 to $127.00 and set an overweight rating on the stock in a research note on Thursday, May 26th. The Goldman Sachs Group dropped their target price on shares of Teradyne from $127.00 to $106.00 in a research note on Friday, July 15th. Finally, Loop Capital dropped their price objective on shares of Teradyne from $158.00 to $132.00 and set a buy rating on the stock in a research note on Tuesday, June 28th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $124.55.

Teradyne Stock Performance

Shares of NASDAQ:TER opened at $100.89 on Thursday. The company has a market capitalization of $16.16 billion, a price-to-earnings ratio of 18.75, a PEG 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 firm’s 50-day moving average is $96.84 and its 200 day moving average is $109.41. The company has a current ratio of 3.33, a quick ratio of 2.97 and a debt-to-equity ratio of 0.03.

Teradyne (NASDAQ:TERGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.14 by $0.07. Teradyne had a net margin of 26.58% and a return on equity of 40.67%. During the same quarter in the prior year, the business posted $1.91 EPS. Research analysts predict that Teradyne will post 4.8 EPS for the current year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Wednesday, May 25th were issued 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 is currently 8.18%.

Insiders Place Their Bets

In other Teradyne news, insider Brad Robbins sold 3,145 shares of the firm’s stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $89.49, for a total value of $281,446.05. Following the completion of the transaction, the insider now owns 44,755 shares of the company’s stock, valued at $4,005,124.95. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC increased its stake in shares of Teradyne by 38.8% in the fourth quarter. Signaturefd LLC now owns 526 shares of the company’s stock worth $86,000 after acquiring an additional 147 shares during the period. Regentatlantic Capital LLC acquired a new stake in shares of Teradyne in the fourth quarter worth $282,000. State of Michigan Retirement System increased its stake in shares of Teradyne by 3.5% in the fourth quarter. State of Michigan Retirement System now owns 44,200 shares of the company’s stock worth $7,228,000 after acquiring an additional 1,500 shares during the period. Bessemer Group Inc. increased its stake in shares of Teradyne by 69.4% in the fourth quarter. Bessemer Group Inc. now owns 6,946 shares of the company’s stock worth $1,135,000 after acquiring an additional 2,845 shares during the period. Finally, National Asset Management Inc. increased its stake in shares of Teradyne by 11.9% in the fourth quarter. National Asset Management Inc. now owns 12,233 shares of the company’s stock worth $2,000,000 after acquiring an additional 1,304 shares during the period. Hedge funds and other institutional investors own 96.94% of the company’s stock.

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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