Stifel Nicolaus Cuts Teradyne (NASDAQ:TER) Price Target to $125.00

Teradyne (NASDAQ:TER) had its price objective decreased by stock analysts at Stifel Nicolaus from $140.00 to $125.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 10.65% from the company’s current price.

Several other research firms have also recently weighed in on TER. Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. KeyCorp increased their price objective on Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, July 12th. Evercore ISI increased their price objective on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Susquehanna increased their price objective on Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a report on Friday, July 26th. Finally, Citigroup lowered their target price on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $140.29.

Teradyne Stock Performance

TER stock traded up $2.25 during trading on Friday, hitting $112.97. 1,138,864 shares of the company traded hands, compared to its average volume of 2,009,675. The firm has a market capitalization of $18.43 billion, a PE ratio of 37.18, a P/E/G ratio of 2.57 and a beta of 1.49. Teradyne has a 1 year low of $81.07 and a 1 year high of $163.21. The company has a 50-day moving average of $129.84 and a 200-day moving average of $131.70.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.12. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The business had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. During the same quarter last year, the business posted $0.80 EPS. The business’s revenue was up 4.8% on a year-over-year basis. Sell-side analysts expect that Teradyne will post 3.02 EPS for the current year.

Insider Activity at Teradyne

In related news, insider Richard John Burns sold 789 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the transaction, the insider now owns 21,864 shares of the company’s stock, valued at $2,903,539.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Teradyne news, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the sale, the insider now owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total value of $80,481.25. Following the completion of the sale, the director now directly owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,977 shares of company stock valued at $1,979,834 in the last 90 days. Corporate insiders own 0.36% of the company’s stock.

Institutional Trading of Teradyne

Several large investors have recently modified their holdings of TER. Capital Asset Advisory Services LLC grew its holdings in shares of Teradyne by 4.7% in the first quarter. Capital Asset Advisory Services LLC now owns 3,892 shares of the company’s stock worth $418,000 after acquiring an additional 176 shares during the period. Register Financial Advisors LLC bought a new stake in shares of Teradyne in the first quarter worth $113,000. Choice Wealth Advisors LLC bought a new stake in shares of Teradyne in the first quarter worth $200,000. Exchange Capital Management Inc. grew its holdings in shares of Teradyne by 7.4% in the first quarter. Exchange Capital Management Inc. now owns 4,011 shares of the company’s stock worth $453,000 after acquiring an additional 275 shares during the period. Finally, Bourgeon Capital Management LLC grew its holdings in shares of Teradyne by 0.7% in the first quarter. Bourgeon Capital Management LLC now owns 100,807 shares of the company’s stock worth $11,374,000 after acquiring an additional 697 shares during the period. Institutional investors 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.