KeyCorp Cuts Teradyne (NASDAQ:TER) Price Target to $140.00

Teradyne (NASDAQ:TER) had its target price lowered by research analysts at KeyCorp from $150.00 to $140.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price target would suggest a potential upside of 60.39% from the company’s current price.

Several other analysts have also recently commented on TER. Vertical Research initiated coverage on Teradyne in a report on Friday, March 7th. They issued a “buy” rating and a $135.00 price target for the company. Cantor Fitzgerald restated an “overweight” rating and issued a $160.00 target price on shares of Teradyne in a report on Thursday, January 30th. Bank of America cut their price target on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research note on Wednesday. TD Cowen decreased their price target on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.75.

Teradyne Stock Performance

NASDAQ TER traded up $0.22 during mid-day trading on Wednesday, reaching $87.29. 747,091 shares of the stock were exchanged, compared to its average volume of 2,848,748. The stock has a market capitalization of $14.12 billion, a PE ratio of 26.18, a PEG ratio of 2.83 and a beta of 1.46. Teradyne has a 1-year low of $82.98 and a 1-year high of $163.21. The business’s fifty day simple moving average is $120.09 and its 200 day simple moving average is $121.19.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. On average, analysts anticipate that Teradyne will post 3.88 EPS for the current year.

Insider Activity at Teradyne

In related news, VP Ryan Driscoll sold 437 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total transaction of $44,574.00. Following the sale, the vice president now owns 4,312 shares in the company, valued at $439,824. This represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 1,789 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the sale, the chief financial officer now owns 33,308 shares in the company, valued at $4,013,947.08. The trade was a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,479 shares of company stock valued at $1,013,134. Corporate insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Several hedge funds and other institutional investors have recently modified their holdings of TER. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Teradyne in the third quarter worth about $2,221,000. Van ECK Associates Corp raised its position in shares of Teradyne by 59.9% during the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after purchasing an additional 1,846,079 shares during the period. Cerity Partners LLC raised its holdings in Teradyne by 87.1% during the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after buying an additional 5,294 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Teradyne by 17.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock valued at $10,325,000 after acquiring an additional 11,541 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Teradyne by 30.5% in the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock valued at $11,878,000 after acquiring an additional 20,762 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

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.