Bank of America Has Lowered Expectations for Teradyne (NASDAQ:TER) Stock Price

Teradyne (NASDAQ:TER) had its price objective lowered by investment analysts at Bank of America from $100.00 to $85.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “underperform” rating on the stock. Bank of America‘s price target points to a potential downside of 0.39% from the company’s previous close.

TER has been the subject of several other research reports. Northland Securities cut their price target on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Vertical Research started coverage on Teradyne in a research report on Friday, March 7th. They issued a “buy” rating and a $135.00 price objective for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $160.00 price objective on shares of Teradyne in a research report on Thursday, January 30th. Stifel Nicolaus cut their price objective on Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, UBS Group cut their price objective on Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and an average price target of $123.69.

Teradyne Trading Down 1.6 %

Shares of NASDAQ TER opened at $85.33 on Wednesday. Teradyne has a twelve month low of $82.98 and a twelve month high of $163.21. The stock has a 50 day moving average of $118.48 and a two-hundred day moving average of $120.70. The stock has a market cap 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.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. As a group, research analysts predict that Teradyne will post 3.88 earnings per share for the current year.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Richard John Burns sold 407 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,479 shares of company stock worth $1,013,134. 0.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Teradyne

A number of hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Teradyne in the 4th quarter worth approximately $270,989,000. Van ECK Associates Corp grew its position in shares of 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 acquiring an additional 1,846,079 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Teradyne in the 4th quarter worth approximately $160,087,000. Ameriprise Financial Inc. grew its position in shares of Teradyne by 28.3% in the 4th quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company’s stock worth $608,025,000 after acquiring an additional 1,065,474 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its position in shares of Teradyne by 142.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,522,537 shares of the company’s stock worth $191,718,000 after acquiring an additional 894,849 shares in 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.