Northland Securities Cuts Teradyne (NASDAQ:TER) Price Target to $140.00

Teradyne (NASDAQ:TER) had its price objective decreased by Northland Securities from $154.00 to $140.00 in a report issued on Friday morning,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Other research analysts have also recently issued reports about the company. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Craig Hallum reduced their price objective on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Robert W. Baird cut their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $160.00 target price on shares of Teradyne in a research note on Thursday. One 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $143.77.

Teradyne Stock Up 0.6 %

NASDAQ TER opened at $115.79 on Friday. The stock’s 50-day simple moving average is $125.37 and its two-hundred day simple moving average is $124.88. Teradyne has a twelve month low of $92.29 and a twelve month high of $163.21. The company has a market capitalization of $18.86 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 2.04 and a beta of 1.46.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts expect that Teradyne will post 4.1 earnings per share for the current fiscal year.

Teradyne announced that its Board of Directors has approved a stock buyback program on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.41%. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Insiders Place Their Bets

In other news, insider Richard John Burns sold 407 shares of Teradyne stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction 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 trade represents a 1.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sanjay Mehta sold 614 shares of Teradyne stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total transaction of $62,628.00. Following the transaction, the chief financial officer now owns 30,446 shares of the company’s stock, valued at $3,105,492. The trade was a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,434 shares of company stock worth $785,137 over the last three months. Company insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

A number of hedge funds have recently added to or reduced their stakes in TER. Van ECK Associates Corp raised its holdings in Teradyne by 59.9% in the 4th 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 during the last quarter. Assenagon Asset Management S.A. raised its holdings in Teradyne by 1,767.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock worth $116,233,000 after acquiring an additional 873,626 shares during the last quarter. Alkeon Capital Management LLC grew its position in Teradyne by 189.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock worth $153,218,000 after purchasing an additional 749,003 shares during the period. Holocene Advisors LP bought a new stake in Teradyne in the 3rd quarter worth approximately $91,129,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Teradyne by 16.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock worth $355,837,000 after purchasing an additional 393,175 shares during the period. 99.77% of the stock is currently owned by hedge funds and other 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.