Cantor Fitzgerald Issues Pessimistic Forecast for Teradyne (NASDAQ:TER) Stock Price

Teradyne (NASDAQ:TER) had its price target cut by analysts at Cantor Fitzgerald from $150.00 to $110.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 28.91% from the company’s current price.

Several other equities research analysts have also commented on TER. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Northland Securities reduced their price target on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, January 31st. KeyCorp reduced their price target on shares of Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday. Stifel Nicolaus reduced their price objective on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, 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 note on Wednesday. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.69.

Teradyne Price Performance

Teradyne stock opened at $85.33 on Wednesday. The stock has a market cap of $13.80 billion, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. Teradyne has a 1 year low of $82.98 and a 1 year high of $163.21. The firm has a 50-day moving average of $118.48 and a two-hundred day moving average of $120.70.

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

Insider Buying and Selling

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 in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Sanjay Mehta sold 1,384 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 36,576 shares in the company, valued at $4,077,858.24. This represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock worth $1,013,134 over the last 90 days. 0.36% of the stock is owned by insiders.

Hedge Funds Weigh In On Teradyne

A number of institutional investors and hedge funds have recently bought and sold shares of TER. Roberts Glore & Co. Inc. IL increased its position in Teradyne by 2.2% in the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock worth $517,000 after buying an additional 90 shares during the period. Covestor Ltd raised its stake in shares of Teradyne by 12.3% in the 4th quarter. Covestor Ltd now owns 901 shares of the company’s stock valued at $113,000 after acquiring an additional 99 shares in the last quarter. Snowden Capital Advisors LLC raised its stake in shares of Teradyne by 2.8% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company’s stock valued at $472,000 after acquiring an additional 103 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Teradyne by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after acquiring an additional 104 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Teradyne by 3.1% in the 4th quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock valued at $434,000 after acquiring an additional 105 shares in the last quarter. Hedge funds and other institutional investors 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.