Teradyne (NASDAQ:TER) Given New $110.00 Price Target at Robert W. Baird

Teradyne (NASDAQ:TER - Free Report) had its price target reduced by Robert W. Baird from $140.00 to $110.00 in a research report released on Thursday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Other analysts have also issued research reports about the stock. Northland Securities dropped their price target on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. KeyCorp dropped their price target on shares of Teradyne from $150.00 to $140.00 and set an "overweight" rating for the company in a research note on Wednesday. Northland Capmk upgraded shares of Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. UBS Group set a $130.00 target price on shares of Teradyne and gave the company a "buy" rating in a research note on Wednesday. Finally, Citigroup lowered their target price on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $121.44.

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Teradyne Stock Up 1.7 %

Shares of TER traded up $1.41 during mid-day trading on Thursday, reaching $86.74. 5,428,912 shares of the stock traded hands, compared to its average volume of 3,076,886. The stock has a fifty day simple moving average of $117.60 and a 200 day simple moving average of $120.38. The firm has a market cap of $14.03 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 2.83 and a beta of 1.46. Teradyne has a 12-month low of $82.98 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts expect that Teradyne will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne's dividend payout ratio (DPR) is 14.41%.

Insider Activity

In related news, insider Richard John Burns sold 407 shares of the company'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 completion of the sale, the insider now owns 20,764 shares of the company's stock, valued at $2,502,269.64. This represents a 1.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company'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 completion of the sale, the chief executive officer now directly owns 74,660 shares of the company's stock, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Teradyne

Institutional investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Teradyne in the third quarter worth about $2,221,000. Van ECK Associates Corp raised its position in Teradyne by 59.9% in the fourth 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. Cerity Partners LLC raised its position in Teradyne by 87.1% in the third quarter. Cerity Partners LLC now owns 11,371 shares of the company's stock worth $1,523,000 after acquiring an additional 5,294 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Teradyne by 17.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company's stock worth $10,325,000 after acquiring an additional 11,541 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Teradyne by 30.5% in the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock worth $11,878,000 after acquiring an additional 20,762 shares in the last quarter. Institutional investors and hedge funds 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.