Teradyne (NASDAQ:TER) Given New $126.00 Price Target at Northland Securities

Teradyne (NASDAQ:TER) had its price objective lowered by Northland Securities from $136.00 to $126.00 in a research note released on Friday, Benzinga reports. The firm currently has a market perform rating on the stock.

Other equities analysts also recently issued research reports about the company. The Goldman Sachs Group upped their target price on Teradyne from $118.00 to $161.00 and gave the company a buy rating in a research report on Tuesday, May 28th. Citigroup upped their price objective on Teradyne from $112.00 to $185.00 and gave the company a buy rating in a report on Monday, July 15th. UBS Group lifted their target price on Teradyne from $130.00 to $170.00 and gave the stock a buy rating in a report on Tuesday, June 18th. KeyCorp boosted their target price on shares of Teradyne from $160.00 to $180.00 and gave the company an overweight rating in a research report on Friday, July 12th. Finally, Robert W. Baird raised their price target on shares of Teradyne from $110.00 to $120.00 and gave the stock an outperform rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Teradyne presently has a consensus rating of Hold and a consensus price target of $142.93.

Teradyne Price Performance

TER stock opened at $127.93 on Friday. Teradyne has a one year low of $81.07 and a one year high of $163.21. The stock has a market cap of $19.97 billion, a price-to-earnings ratio of 48.64, a price-to-earnings-growth ratio of 2.54 and a beta of 1.50. The company has a fifty day moving average price of $146.60 and a two-hundred day moving average price of $121.63.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The company had revenue of $729.88 million during the quarter, compared to analysts’ expectations of $701.20 million. During the same quarter last year, the company posted $0.79 EPS. Teradyne’s quarterly revenue was up 6.6% compared to the same quarter last year. Research analysts anticipate that Teradyne will post 3.08 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $0.48 annualized dividend and a yield of 0.38%. Teradyne’s dividend payout ratio is currently 18.25%.

Insiders Place Their Bets

In other news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $143.84, for a total transaction of $89,900.00. Following the completion of the transaction, the director now owns 18,393 shares of the company’s stock, valued at approximately $2,645,649.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $143.84, for a total value of $89,900.00. Following the completion of the transaction, the director now owns 18,393 shares of the company’s stock, valued at $2,645,649.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the sale, the chief financial officer now directly owns 41,902 shares in the company, valued at $5,030,754.12. The disclosure for this sale can be found here. Insiders sold 10,005 shares of company stock worth $1,304,763 over the last three months. Insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TER. Crossmark Global Holdings Inc. boosted its holdings in shares of Teradyne by 6.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 5,745 shares of the company’s stock valued at $852,000 after acquiring an additional 344 shares in the last quarter. Peregrine Capital Management LLC boosted its stake in shares of Teradyne by 1.3% during the second quarter. Peregrine Capital Management LLC now owns 77,399 shares of the company’s stock valued at $11,477,000 after purchasing an additional 1,009 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Teradyne by 105.2% during the second quarter. Principal Financial Group Inc. now owns 527,417 shares of the company’s stock valued at $78,211,000 after purchasing an additional 270,396 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Teradyne by 460.5% during the second quarter. UMB Bank n.a. now owns 482 shares of the company’s stock worth $71,000 after purchasing an additional 396 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in shares of Teradyne by 15.0% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 16,673 shares of the company’s stock valued at $2,472,000 after buying an additional 2,171 shares during the period. 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.