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

Teradyne (NASDAQ:TER) had its price objective cut by investment analysts at Citigroup from $130.00 to $100.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 17.19% from the stock’s current price.

TER has been the subject of a number of other reports. Susquehanna decreased their price target on Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a report on Wednesday. TD Cowen cut their price objective on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday. Bank of America reduced their price objective on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a research report on Wednesday. Morgan Stanley lowered shares of Teradyne from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $121.00 to $117.00 in a research note on Tuesday, January 21st. Finally, Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Two 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $123.69.

Teradyne Trading Down 1.6 %

NASDAQ:TER opened at $85.33 on Wednesday. Teradyne has a 12-month low of $82.98 and a 12-month high of $163.21. The firm 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 stock has a fifty day moving average price of $118.48 and a 200 day moving average price of $120.70.

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 the consensus estimate 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 year.

Insider Activity

In other Teradyne news, VP Ryan Driscoll sold 437 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $44,574.00. Following the transaction, the vice president now directly owns 4,312 shares of the company’s stock, valued at $439,824. This represents a 9.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Richard John Burns sold 407 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 $49,047.57. Following the transaction, the insider now directly owns 20,764 shares in the company, valued at $2,502,269.64. The trade was a 1.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock valued at $1,013,134 in the last three months. Corporate insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Several large investors have recently bought and sold shares of TER. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Teradyne during the third quarter worth $2,221,000. 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. Cerity Partners LLC grew its holdings in Teradyne by 87.1% during the third quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock valued at $1,523,000 after purchasing an additional 5,294 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Teradyne by 17.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock worth $10,325,000 after acquiring an additional 11,541 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Teradyne by 30.5% in the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock valued at $11,878,000 after buying an additional 20,762 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

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.