Robert W. Baird Lowers Teradyne (NASDAQ:TER) Price Target to $110.00

Teradyne (NASDAQ:TER) had its target price lowered by investment analysts at Robert W. Baird from $140.00 to $110.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 26.82% from the company’s current price.

Several other equities research analysts have also recently weighed in on the stock. KeyCorp cut their price objective on shares of Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday. Vertical Research began coverage on shares of Teradyne in a report on Friday, March 7th. They issued a “buy” rating and a $135.00 target price for the company. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Cantor Fitzgerald dropped their target price on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Bank of America dropped their target price on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $121.44.

Teradyne Trading Up 1.7 %

Shares of TER opened at $86.74 on Thursday. Teradyne has a 1-year low of $82.98 and a 1-year high of $163.21. The company has a market cap of $14.03 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 2.83 and a beta of 1.46. The company’s fifty day simple moving average is $117.60 and its 200 day simple moving average is $120.38.

Teradyne (NASDAQ:TER) last announced its 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 net margin of 19.23% and a return on equity of 19.08%. As a group, research analysts forecast that Teradyne will post 3.88 earnings per share for the current year.

Insider Activity

In other Teradyne news, insider Richard John Burns sold 407 shares of Teradyne stock in a transaction dated Tuesday, January 28th. The stock was 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 owns 20,764 shares of the company’s stock, valued at $2,502,269.64. The trade was a 1.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock valued at $1,013,134 in the last ninety days. 0.36% of the stock is currently owned by insiders.

Institutional Trading of Teradyne

Hedge funds have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Teradyne in the 3rd quarter worth approximately $2,221,000. Van ECK Associates Corp increased its stake 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 purchasing an additional 1,846,079 shares during the period. Cerity Partners LLC increased its stake in Teradyne by 87.1% in the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after purchasing an additional 5,294 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in Teradyne by 17.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock worth $10,325,000 after purchasing an additional 11,541 shares during the period. Finally, Franklin Resources Inc. increased its stake in Teradyne by 30.5% in the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock worth $11,878,000 after purchasing an additional 20,762 shares during the period. Institutional investors own 99.77% of the company’s stock.

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.