Stifel Nicolaus Issues Pessimistic Forecast for Teradyne (NASDAQ:TER) Stock Price

Teradyne (NASDAQ:TER) had its price objective cut by equities researchers at Stifel Nicolaus from $125.00 to $110.00 in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 28.91% from the stock’s previous close.

A number of other analysts have also commented on TER. Northland Securities cut their price target on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Vertical Research initiated coverage on Teradyne in a research report on Friday, March 7th. They issued a “buy” rating and a $135.00 target price on the stock. Morgan Stanley downgraded Teradyne from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $121.00 to $117.00 in a research report on Tuesday, January 21st. Finally, UBS Group lowered their price target on Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Two equities 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 given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.69.

Teradyne Trading Down 1.6 %

TER stock opened at $85.33 on Wednesday. The business’s 50-day moving average price is $118.48 and its two-hundred day moving average price is $120.70. The firm has a market cap of $13.80 billion, a PE ratio of 25.62, a P/E/G 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.

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

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the 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 completion of 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 legal filing with the SEC, which is accessible through this link. Also, insider Richard John Burns sold 445 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the sale, the insider now owns 25,191 shares of the company’s stock, valued at approximately $2,808,544.59. The trade was a 1.74 % 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 three months. Insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

A number of institutional investors and hedge funds have recently made changes to their positions in TER. Venturi Wealth Management LLC boosted its position in shares of Teradyne by 33.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,275 shares of the company’s stock worth $439,000 after purchasing an additional 823 shares in the last quarter. Apollon Wealth Management LLC lifted its position in Teradyne by 7.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 2,362 shares of the company’s stock valued at $316,000 after acquiring an additional 159 shares in the last quarter. Entropy Technologies LP bought a new position in Teradyne in the 3rd quarter valued at about $647,000. Victory Capital Management Inc. lifted its position in Teradyne by 6.8% in the 3rd quarter. Victory Capital Management Inc. now owns 89,431 shares of the company’s stock valued at $11,977,000 after acquiring an additional 5,686 shares in the last quarter. Finally, Parametrica Management Ltd bought a new position in Teradyne in the 3rd quarter valued at about $222,000. 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.