Teradyne (NASDAQ:TER) Given New $155.00 Price Target at Susquehanna

Teradyne (NASDAQ:TER) had its price target lowered by Susquehanna from $165.00 to $155.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s target price would suggest a potential upside of 77.86% from the company’s previous close.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. cut their price target on Teradyne from $145.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday. Morgan Stanley downgraded shares of Teradyne from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $121.00 to $117.00 in a report on Tuesday, January 21st. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Northland Securities decreased their price objective on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Finally, TD Cowen cut their price objective on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $129.00.

Teradyne Stock Up 0.1 %

NASDAQ:TER traded up $0.08 during mid-day trading on Wednesday, reaching $87.15. The company’s stock had a trading volume of 2,476,863 shares, compared to its average volume of 2,891,487. Teradyne has a 1 year low of $82.98 and a 1 year high of $163.21. The stock has a fifty day moving average of $120.09 and a 200-day moving average of $121.19. The firm has a market capitalization of $14.09 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last announced its quarterly 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 net margin of 19.23% and a return on equity of 19.08%. On average, analysts expect that Teradyne will post 3.88 earnings per share for the current year.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sanjay Mehta sold 1,789 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the transaction, the chief financial officer now owns 33,308 shares in the company, valued at $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,479 shares of company stock worth $1,013,134. Insiders own 0.36% of the company’s stock.

Institutional Trading of Teradyne

Hedge funds and other institutional investors have recently modified their holdings of the business. Siemens Fonds Invest GmbH boosted its stake in Teradyne by 158.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 4,463 shares of the company’s stock worth $562,000 after buying an additional 2,735 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Teradyne in the 4th quarter worth approximately $9,921,000. Jefferies Financial Group Inc. purchased a new position in shares of Teradyne during the 4th quarter worth approximately $1,787,000. Polar Asset Management Partners Inc. increased its holdings in Teradyne by 63.2% in the 4th quarter. Polar Asset Management Partners Inc. now owns 169,900 shares of the company’s stock valued at $21,394,000 after purchasing an additional 65,800 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in Teradyne by 82.2% in the fourth quarter. Mackenzie Financial Corp now owns 28,691 shares of the company’s stock valued at $3,613,000 after purchasing an additional 12,946 shares during the period. 99.77% of the stock is 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.