Teradyne (NASDAQ:TER) Given New $81.00 Price Target at Morgan Stanley

Teradyne (NASDAQ:TER - Free Report) had its target price reduced by Morgan Stanley from $112.00 to $81.00 in a report published on Friday morning, MarketBeat.com reports. They currently have an underweight rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. TD Cowen reduced their price target on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. reduced their price objective on Teradyne from $145.00 to $120.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. UBS Group set a $130.00 target price on Teradyne and gave the company a "buy" rating in a report on Wednesday, March 12th. Cantor Fitzgerald cut their price target on Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Finally, Citigroup lowered their price objective on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.44.

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Teradyne Stock Performance

NASDAQ:TER traded down $1.30 during trading hours on Friday, hitting $88.87. The company's stock had a trading volume of 3,673,956 shares, compared to its average volume of 2,275,997. The company has a market capitalization of $14.37 billion, a PE ratio of 26.69, a PEG ratio of 2.83 and a beta of 1.46. Teradyne has a 52-week low of $82.98 and a 52-week high of $163.21. The business's 50-day moving average is $116.61 and its two-hundred day moving average is $119.88.

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

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.54%. Teradyne's dividend payout ratio (DPR) is presently 14.41%.

Insider Transactions at Teradyne

In other Teradyne news, insider Richard John Burns sold 407 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the transaction, the insider now owns 20,764 shares of the company's stock, valued at $2,502,269.64. This trade represents a 1.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock worth $1,013,134 over the last quarter. 0.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Teradyne by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock valued at $2,569,511,000 after acquiring an additional 92,428 shares during the period. State Street Corp grew its holdings in shares of Teradyne by 5.4% during the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company's stock worth $921,458,000 after purchasing an additional 350,002 shares during the period. 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 worth $620,552,000 after purchasing an additional 1,846,079 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Teradyne by 28.3% in the fourth quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock valued at $608,025,000 after buying an additional 1,065,474 shares during the period. Finally, Geode Capital Management LLC lifted its position in Teradyne by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company's stock valued at $515,665,000 after buying an additional 94,374 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

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.