KeyCorp Reiterates Sector Weight Rating for Teradyne (NASDAQ:TER)

KeyCorp restated their sector weight rating on shares of Teradyne (NASDAQ:TER) in a research report released on Thursday morning, Marketbeat reports.

Several other equities analysts have also recently commented on TER. Bank of America lowered their target price on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 12th. Cantor Fitzgerald dropped their target price on Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. UBS Group set a $130.00 price target on Teradyne and gave the company a “buy” rating in a research note on Wednesday, March 12th. Citigroup lowered their price target 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, Vertical Research started coverage on Teradyne in a report on Friday, March 7th. They issued a “buy” rating and a $135.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.94.

Teradyne Trading Down 0.0 %

NASDAQ TER opened at $71.14 on Thursday. The company has a 50-day moving average price of $93.05 and a two-hundred day moving average price of $111.39. Teradyne has a 52 week low of $65.77 and a 52 week high of $163.21. The stock has a market cap of $11.44 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating 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%. As a group, equities research analysts expect that Teradyne will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

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

Insider Buying and Selling

In other news, CFO Sanjay Mehta sold 1,384 shares of Teradyne stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $154,302.16. Following the transaction, the chief financial officer now directly owns 36,576 shares in the company, valued at approximately $4,077,858.24. The trade was a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Richard John Burns sold 407 shares of Teradyne 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 $49,047.57. Following the completion of the transaction, the insider now directly owns 20,764 shares in the company, valued at approximately $2,502,269.64. This represents a 1.92 % decrease in their ownership of the stock. 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. Corporate insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Institutional investors and hedge funds have recently bought and sold shares of the stock. Compass Financial Services Inc bought a new stake in shares of Teradyne in the fourth quarter valued at about $33,000. Strategic Investment Solutions Inc. IL acquired a new position in Teradyne in the 4th quarter valued at approximately $34,000. AllSquare Wealth Management LLC lifted its position in shares of Teradyne by 200.0% in the 4th 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 period. Manchester Capital Management LLC increased its position in shares of Teradyne by 264.0% during the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after purchasing an additional 227 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Teradyne in the fourth quarter valued at $45,000. Institutional investors own 99.77% of the company’s stock.

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.