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

Teradyne (NASDAQ:TER) had its price target reduced by investment analysts at Susquehanna from $165.00 to $155.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s price target suggests a potential upside of 81.65% from the company’s previous close.

TER has been the topic of several other research reports. TD Cowen cut their target price on Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday. Morgan Stanley cut Teradyne from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $121.00 to $117.00 in a research note on Tuesday, January 21st. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Stifel Nicolaus decreased their price objective on Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Northland Securities reduced their target price on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.69.

Teradyne Price Performance

TER opened at $85.33 on Wednesday. The company has a market capitalization of $13.80 billion, a P/E ratio of 25.62, a P/E/G ratio of 2.83 and a beta of 1.46. The firm’s fifty day moving average price is $118.48 and its two-hundred day moving average price is $120.70. Teradyne has a fifty-two week low of $82.98 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts expect that Teradyne will post 3.88 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne 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 transaction, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Mehta sold 1,384 shares of Teradyne stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $154,302.16. Following the completion of the transaction, the chief financial officer now directly owns 36,576 shares in the company, valued at approximately $4,077,858.24. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, 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 added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Teradyne during the 3rd quarter valued at $2,221,000. Van ECK Associates Corp increased its position in Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after purchasing an additional 1,846,079 shares during the period. Cerity Partners LLC increased its position in Teradyne by 87.1% during the 3rd 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 period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Teradyne by 17.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock valued at $10,325,000 after buying an additional 11,541 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Teradyne by 30.5% during 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 in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

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.