JPMorgan Chase & Co. Cuts Teradyne (NASDAQ:TER) Price Target to $92.00

Teradyne (NASDAQ:TER) had its price objective lowered by JPMorgan Chase & Co. from $120.00 to $92.00 in a report published on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts have also recently issued reports on TER. UBS Group set a $130.00 target price on Teradyne and gave the company a “buy” rating in a research report on Wednesday, March 12th. Vertical Research assumed coverage on shares of Teradyne in a report on Friday, March 7th. They set a “buy” rating and a $135.00 price target on the stock. Northland Securities dropped their price objective on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Citigroup reduced their price objective on Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Finally, TD Cowen cut 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, March 12th. Two investment 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.94.

Teradyne Stock Performance

TER opened at $71.14 on Thursday. Teradyne has a 52-week low of $65.77 and a 52-week high of $163.21. The firm has a market cap of $11.44 billion, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. The business’s fifty day moving average is $93.05 and its 200-day moving average is $111.39.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share 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, research analysts predict that Teradyne will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.67%. Teradyne’s payout ratio is 14.41%.

Insiders Place Their Bets

In other Teradyne news, insider Richard John Burns sold 407 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the sale, the insider now directly owns 20,764 shares in the company, valued at approximately $2,502,269.64. This trade represents a 1.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ryan Driscoll sold 437 shares of the company’s 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 transaction, the vice president now owns 4,312 shares in the company, valued at $439,824. This represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,399 shares of company stock worth $612,734. 0.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Teradyne

A number of institutional investors have recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in shares of Teradyne by 9.1% in the third quarter. Wellington Management Group LLP now owns 10,684 shares of the company’s stock valued at $1,431,000 after purchasing an additional 890 shares in the last quarter. Anchor Investment Management LLC purchased a new position in Teradyne in the third quarter valued at about $95,000. Wilmington Savings Fund Society FSB bought a new position in shares of Teradyne during the 3rd quarter valued at approximately $81,000. Tidal Investments LLC increased its stake in shares of Teradyne by 61.6% during the 3rd quarter. Tidal Investments LLC now owns 18,197 shares of the company’s stock worth $2,437,000 after purchasing an additional 6,933 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Teradyne by 30.5% in the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock worth $11,878,000 after purchasing an additional 20,762 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

About Teradyne

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.