Teradyne (NASDAQ:TER) Price Target Lowered to $133.00 at Susquehanna

Teradyne (NASDAQ:TER) had its price objective cut by research analysts at Susquehanna from $155.00 to $133.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s price objective indicates a potential upside of 80.27% from the company’s current price.

A number of other analysts also recently issued reports on the stock. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. KeyCorp restated a “sector weight” rating on shares of Teradyne in a report on Thursday, April 17th. Bank of America decreased their price objective on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a report on Wednesday, March 12th. Citigroup decreased their price objective on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. Finally, Cantor Fitzgerald decreased their price objective on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $117.56.

Teradyne Stock Down 0.6 %

Shares of NASDAQ:TER opened at $73.78 on Wednesday. The stock has a market cap of $11.87 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 2.83 and a beta of 1.65. Teradyne has a 12-month low of $65.77 and a 12-month high of $163.21. The business’s 50 day moving average is $84.99 and its 200 day moving average is $107.50.

Teradyne (NASDAQ:TER) last announced its earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.14. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. The company had revenue of $685.70 million for the quarter, compared to analysts’ expectations of $680.54 million. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Teradyne’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, equities research analysts expect that Teradyne will post 3.88 earnings per share for the current year.

Teradyne declared that its board has approved a share repurchase plan on Monday, April 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other news, insider Richard John Burns sold 445 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the transaction, the insider now directly owns 25,191 shares in the company, valued at approximately $2,808,544.59. This trade represents a 1.74 % 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. Also, CFO Sanjay Mehta sold 1,384 shares of Teradyne stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $154,302.16. Following the sale, the chief financial officer now owns 36,576 shares of the company’s stock, valued at approximately $4,077,858.24. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,045 shares of company stock worth $227,997. 0.16% of the stock is owned by company insiders.

Institutional Investors Weigh In On Teradyne

Several hedge funds have recently bought and sold shares of the stock. Roberts Glore & Co. Inc. IL lifted its position in Teradyne by 2.2% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock valued at $517,000 after purchasing an additional 90 shares during the last quarter. Covestor Ltd lifted its position in Teradyne by 12.3% during the fourth quarter. Covestor Ltd now owns 901 shares of the company’s stock valued at $113,000 after purchasing an additional 99 shares during the last quarter. Snowden Capital Advisors LLC lifted its holdings in shares of Teradyne by 2.8% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company’s stock worth $472,000 after acquiring an additional 103 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Teradyne by 3.1% in the 4th quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after acquiring an additional 105 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Teradyne by 4.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company’s stock worth $429,000 after acquiring an additional 119 shares during the last quarter. 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.