KeyCorp Cuts Teradyne (NASDAQ:TER) Price Target to $150.00

Teradyne (NASDAQ:TER) had its price target cut by KeyCorp from $180.00 to $150.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms also recently commented on TER. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Evercore ISI upped their price objective on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Robert W. Baird dropped their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Stifel Nicolaus dropped their price objective on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. Finally, Susquehanna upped their price objective on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.77.

Teradyne Stock Up 0.6 %

TER stock opened at $115.79 on Friday. The company has a market cap of $18.86 billion, a P/E ratio of 34.77, a PEG ratio of 2.04 and a beta of 1.46. Teradyne has a twelve month low of $92.29 and a twelve month high of $163.21. The business has a fifty day moving average of $125.37 and a 200-day moving average of $124.88.

Teradyne (NASDAQ:TER) last released its 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 return on equity of 19.23% and a net margin of 19.23%. As a group, equities research analysts anticipate that Teradyne will post 4.1 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.41%. Teradyne’s dividend payout ratio is currently 14.41%.

Teradyne declared that its board has authorized a stock repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Teradyne

In related news, VP Ryan Driscoll sold 437 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $44,574.00. Following the completion of the transaction, the vice president now directly owns 4,312 shares of the company’s stock, valued at approximately $439,824. This represents a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Richard John Burns sold 407 shares of the 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 $49,047.57. Following the transaction, the insider now directly owns 20,764 shares of the company’s stock, valued at $2,502,269.64. This trade represents a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,434 shares of company stock valued at $785,137 over the last three months. Company insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new position in Teradyne during the third quarter valued at approximately $29,000. Compass Financial Services Inc bought a new stake in Teradyne in the fourth quarter valued at approximately $33,000. Quarry LP raised its stake in Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after buying an additional 169 shares during the period. Manchester Capital Management LLC raised its stake in Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after buying an additional 227 shares during the period. Finally, Coastline Trust Co bought a new stake in Teradyne in the third quarter valued at approximately $46,000. 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.