KeyCorp Has Lowered Expectations for Teradyne (NASDAQ:TER) Stock Price

Teradyne (NASDAQ:TER) had its price target dropped by stock analysts at KeyCorp from $150.00 to $140.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price would suggest a potential upside of 64.07% from the company’s previous close.

TER has been the topic of a number of other research reports. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. 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. 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. UBS Group set a $130.00 price objective on Teradyne and gave the stock a “buy” rating in a research note on Wednesday. Finally, Bank of America cut their price target on Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research note on Wednesday. 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. Based on data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.69.

Teradyne Trading Down 1.6 %

TER stock opened at $85.33 on Wednesday. The stock has a 50-day moving average price of $118.48 and a two-hundred day moving average price of $120.70. Teradyne has a 12-month low of $82.98 and a 12-month high of $163.21. The company 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.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results 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 19.08% and a net margin of 19.23%. Equities analysts forecast that Teradyne will post 3.88 EPS for the current fiscal year.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was 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 of the company’s stock, valued at $9,705,800. This represents a 3.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Richard John Burns sold 407 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of 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. Over the last ninety days, insiders sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Teradyne

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Teradyne by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company’s stock valued at $2,569,511,000 after acquiring an additional 92,428 shares during the last quarter. State Street Corp increased its stake in shares of Teradyne by 5.4% in the third quarter. State Street Corp now owns 6,880,148 shares of the company’s stock worth $921,458,000 after acquiring an additional 350,002 shares during the last quarter. Van ECK Associates Corp increased its position in Teradyne by 59.9% during the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after buying an additional 1,846,079 shares during the last quarter. Ameriprise Financial Inc. increased its position in Teradyne by 28.3% during the fourth quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company’s stock worth $608,025,000 after buying an additional 1,065,474 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Teradyne by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company’s stock worth $515,665,000 after buying an additional 94,374 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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.