JPMorgan Chase & Co. Has Lowered Expectations for Teradyne (NASDAQ:TER) Stock Price

Teradyne (NASDAQ:TER) had its target price dropped by investment analysts at JPMorgan Chase & Co. from $145.00 to $120.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 40.63% from the stock’s current price.

A number of other research analysts have also recently weighed in on TER. Morgan Stanley cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $121.00 to $117.00 in a research note on Tuesday, January 21st. Bank of America dropped their target price on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research note on Wednesday. TD Cowen dropped their target price on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday. Susquehanna boosted their target price on shares of Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $160.00 price target on shares of Teradyne in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.69.

Teradyne Stock Performance

Teradyne stock opened at $85.33 on Wednesday. Teradyne has a fifty-two week low of $82.98 and a fifty-two week high of $163.21. The stock has a market cap of $13.80 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. The firm’s 50-day simple moving average is $118.48 and its 200 day simple moving average is $120.70.

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 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%. As a group, analysts predict that Teradyne will post 3.88 EPS for the current fiscal year.

Insider Buying and Selling at Teradyne

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Compass Financial Services Inc bought a new stake in Teradyne during the 4th quarter valued at about $33,000. Strategic Investment Solutions Inc. IL bought a new stake in Teradyne during the 4th quarter valued at about $34,000. AllSquare Wealth Management LLC increased its stake in Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock valued at $38,000 after purchasing an additional 200 shares in the last quarter. Manchester Capital Management LLC increased its stake in Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after purchasing an additional 227 shares in the last quarter. Finally, Coastline Trust Co bought a new stake in Teradyne during the 3rd quarter valued at about $46,000. 99.77% of the stock is currently owned by institutional investors.

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.