Teradyne (NASDAQ:TER) Price Target Lowered to $110.00 at TD Cowen

Teradyne (NASDAQ:TER) had its price objective decreased by investment analysts at TD Cowen from $135.00 to $110.00 in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price target would suggest a potential upside of 26.34% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $160.00 target price on shares of Teradyne in a research note on Thursday, January 30th. Susquehanna boosted their target price on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Vertical Research assumed coverage on shares of Teradyne in a report on Friday, March 7th. They issued a “buy” rating and a $135.00 price target on the stock. Finally, Northland Securities reduced their target price on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and an average price target of $139.93.

Teradyne Trading Down 17.1 %

Shares of NASDAQ:TER opened at $87.07 on Wednesday. The company has a market cap of $14.08 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 2.83 and a beta of 1.46. Teradyne has a 12 month low of $82.98 and a 12 month high of $163.21. The company has a 50-day moving average price of $120.09 and a 200 day moving average price of $121.19.

Teradyne (NASDAQ:TER) last released its earnings results 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 net margin of 19.23% and a return on equity of 19.08%. As a group, equities analysts forecast that Teradyne will post 3.88 EPS for the current year.

Insider Buying and Selling

In other news, insider Richard John Burns sold 445 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the sale, the insider now directly owns 25,191 shares in the company, valued at $2,808,544.59. The trade was a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Mehta sold 614 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $62,628.00. Following the sale, the chief financial officer now directly owns 30,446 shares of the company’s stock, valued at $3,105,492. This represents a 1.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock valued at $1,013,134 over the last ninety days. Company insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Compass Financial Services Inc acquired a new stake in shares of Teradyne in the fourth quarter valued at approximately $33,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Teradyne in the 4th quarter valued at approximately $34,000. AllSquare Wealth Management LLC increased its stake in Teradyne by 200.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after acquiring an additional 200 shares during the last quarter. Manchester Capital Management LLC raised its holdings in Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after buying an additional 227 shares during the period. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Teradyne in the 4th quarter valued at approximately $45,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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.