Craig Hallum Cuts Teradyne (NASDAQ:TER) Price Target to $111.00

Teradyne (NASDAQ:TER - Free Report) had its price target reduced by Craig Hallum from $124.00 to $111.00 in a report published on Friday, Benzinga reports. Craig Hallum currently has a hold rating on the stock.

Several other equities analysts also recently issued reports on the stock. Northland Securities decreased their price objective on shares of Teradyne from $136.00 to $126.00 and set a "market perform" rating on the stock in a report on Friday, July 26th. Citigroup lowered their price target on shares of Teradyne from $185.00 to $162.00 and set a "buy" rating on the stock in a research report on Friday, July 26th. Evercore ISI raised their target price on Teradyne from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Stifel Nicolaus decreased their target price on shares of Teradyne from $140.00 to $125.00 and set a "hold" rating on the stock in a research report on Friday. Finally, KeyCorp increased their target price on shares of Teradyne from $160.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday, July 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $138.71.

Teradyne Stock Up 0.9 %

Shares of NASDAQ TER traded up $1.03 during midday trading on Friday, reaching $111.75. 3,572,674 shares of the stock were exchanged, compared to its average volume of 2,021,266. The firm has a market cap of $18.24 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 2.57 and a beta of 1.49. The firm has a 50-day simple moving average of $129.84 and a two-hundred day simple moving average of $131.70. Teradyne has a twelve month low of $81.07 and a twelve month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.78 by $0.12. The company had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The firm's revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business earned $0.80 earnings per share. Research analysts expect that Teradyne will post 3.02 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 5th were given a $0.12 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a yield of 0.43%. Teradyne's dividend payout ratio (DPR) is presently 15.79%.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 83,816 shares of the company's stock, valued at $10,896,080. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Teradyne news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the transaction, the director now directly owns 17,143 shares in the company, valued at approximately $2,207,504.11. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Wednesday, September 11th. 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 owns 83,816 shares of the company's stock, valued at $10,896,080. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,977 shares of company stock valued at $1,979,834. 0.36% of the stock is currently owned by insiders.

Institutional Trading of Teradyne

Hedge funds have recently added to or reduced their stakes in the stock. Swedbank AB increased its stake in shares of Teradyne by 198.8% during the second quarter. Swedbank AB now owns 641,614 shares of the company's stock worth $95,145,000 after acquiring an additional 426,900 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of Teradyne by 17.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company's stock worth $37,887,000 after buying an additional 50,156 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Teradyne by 8.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 188,733 shares of the company's stock valued at $21,295,000 after buying an additional 14,272 shares during the period. MBB Public Markets I LLC purchased a new stake in shares of Teradyne in the second quarter valued at approximately $1,619,000. Finally, Empowered Funds LLC grew its holdings in Teradyne by 137.6% during the first quarter. Empowered Funds LLC now owns 20,028 shares of the company's stock worth $2,260,000 after acquiring an additional 11,599 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

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.