Robert W. Baird Trims Teradyne (NASDAQ:TER) Target Price to $133.00

Teradyne (NASDAQ:TER) had its price target decreased by Robert W. Baird from $140.00 to $133.00 in a research report sent to investors on Friday, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Other research analysts have also recently issued reports about the company. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price for the company in a research note on Friday, August 16th. Northland Capmk downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Evercore ISI raised their target price on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Northland Securities lowered their price target on shares of Teradyne from $136.00 to $126.00 and set a “market perform” rating for the company in a report on Friday, July 26th. Finally, Citigroup dropped their price objective on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $142.62.

Teradyne Stock Performance

Shares of TER opened at $111.75 on Friday. The company’s 50-day simple moving average is $129.41 and its 200-day simple moving average is $132.05. Teradyne has a 1 year low of $81.07 and a 1 year high of $163.21. The stock has a market capitalization of $17.45 billion, a PE ratio of 42.49, a P/E/G ratio of 2.57 and a beta of 1.49.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The company had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 EPS. On average, sell-side analysts predict that Teradyne will post 3.02 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Thursday, September 5th. Teradyne’s dividend payout ratio is currently 18.25%.

Insider Activity

In other news, CFO Sanjay Mehta sold 6,153 shares of Teradyne stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the transaction, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at $4,768,072.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Teradyne news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total value of $83,431.25. Following the transaction, the director now directly owns 16,518 shares in the company, valued at approximately $2,204,987.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sanjay Mehta sold 6,153 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the sale, the chief financial officer now owns 35,834 shares of the company’s stock, valued at $4,768,072.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,977 shares of company stock valued at $1,979,834. 0.36% of the stock is currently owned by company insiders.

Institutional Trading of Teradyne

Several hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp raised its holdings in Teradyne by 10.4% during the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock worth $543,278,000 after purchasing an additional 453,926 shares in the last quarter. Swedbank AB raised its stake in shares of Teradyne by 198.8% during the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock worth $95,145,000 after buying an additional 426,900 shares in the last quarter. Ossiam lifted its holdings in shares of Teradyne by 13,540.0% in the 1st quarter. Ossiam now owns 419,977 shares of the company’s stock valued at $47,386,000 after buying an additional 416,898 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Teradyne by 4,854.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 398,009 shares of the company’s stock valued at $44,907,000 after buying an additional 389,975 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in Teradyne by 14.6% during the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock worth $342,178,000 after acquiring an additional 385,115 shares during the period. Institutional investors and hedge funds 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.