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

Teradyne (NASDAQ:TER) had its price target reduced by Morgan Stanley from $112.00 to $81.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential downside of 6.62% from the company’s current price.

TER has been the subject of several other reports. Citigroup dropped their target price on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday. KeyCorp dropped their target price on shares of Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday. 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 research report on Wednesday. Northland Securities dropped their target price on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Finally, TD Cowen lowered their price target on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $121.44.

Teradyne Stock Performance

TER stock opened at $86.74 on Friday. Teradyne has a 52 week low of $82.98 and a 52 week high of $163.21. The firm’s fifty day moving average is $117.60 and its 200 day moving average is $120.28. The firm has a market cap of $14.03 billion, a P/E ratio of 26.05, a P/E/G ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating 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 forecast that Teradyne will post 3.88 EPS for the current year.

Insider Transactions at Teradyne

In related news, insider Richard John Burns sold 407 shares of the business’s stock in a transaction 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 sale, the insider now owns 20,764 shares in the company, valued at approximately $2,502,269.64. The trade was a 1.92 % 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, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Compass Financial Services Inc purchased a new stake in Teradyne in the fourth quarter worth about $33,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Teradyne during the fourth quarter valued at about $34,000. AllSquare Wealth Management LLC lifted its position in shares of Teradyne by 200.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock valued at $38,000 after buying an additional 200 shares during the last quarter. Manchester Capital Management LLC lifted its position in shares of Teradyne by 264.0% during 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 last quarter. Finally, Coastline Trust Co purchased a new stake in shares of Teradyne during the third quarter valued at about $46,000. 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.