Teradyne (NASDAQ:TER) Given New $140.00 Price Target at KeyCorp

Teradyne (NASDAQ:TER) had its price objective decreased by KeyCorp from $150.00 to $140.00 in a report issued on Wednesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

TER has been the topic of several other reports. Susquehanna raised their price objective on Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research note on Wednesday, January 22nd. Vertical Research assumed coverage on Teradyne in a research note on Friday, March 7th. They set a “buy” rating and a $135.00 price objective on the stock. TD Cowen reduced their price objective on Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday. Morgan Stanley cut Teradyne from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $121.00 to $117.00 in a research note on Tuesday, January 21st. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $160.00 price objective on shares of Teradyne in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $125.13.

Teradyne Trading Down 0.4 %

TER stock opened at $86.74 on Wednesday. Teradyne has a twelve month low of $82.98 and a twelve month high of $163.21. The company has a market capitalization of $14.03 billion, a P/E ratio of 26.05, a PEG ratio of 2.83 and a beta of 1.46. The firm has a 50 day simple moving average of $119.30 and a 200-day simple moving average of $120.95.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. On average, research analysts predict that Teradyne will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio is currently 14.41%.

Insider Activity at Teradyne

In other Teradyne news, insider Richard John Burns sold 407 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the sale, the insider now directly owns 20,764 shares in the company, valued at approximately $2,502,269.64. The trade was a 1.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was 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 approximately $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock worth $1,013,134 over the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Teradyne

Hedge funds and other institutional investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Teradyne in the third quarter worth about $2,221,000. Van ECK Associates Corp raised its position in Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after acquiring an additional 1,846,079 shares in the last quarter. Cerity Partners LLC raised its holdings in Teradyne by 87.1% during the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after buying an additional 5,294 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Teradyne by 17.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock worth $10,325,000 after buying an additional 11,541 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Teradyne by 30.5% during the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock worth $11,878,000 after buying an additional 20,762 shares during the period. 99.77% of the stock is currently owned by institutional investors.

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.