Teradyne (NASDAQ:TER) Given New $155.00 Price Target at UBS Group

Teradyne (NASDAQ:TER - Free Report) had its price target reduced by UBS Group from $160.00 to $155.00 in a research report sent to investors on Friday,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other research firms have also commented on TER. Cantor Fitzgerald reiterated an "overweight" rating and set a $160.00 price target on shares of Teradyne in a report on Thursday, January 30th. Stifel Nicolaus lowered their price objective on shares of Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their target price on Teradyne from $158.00 to $145.00 and set an "overweight" rating on the stock in a research note on Friday. Craig Hallum reduced their price target on Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a report on Friday, October 25th. Finally, StockNews.com upgraded Teradyne from a "sell" rating to a "hold" rating in a report on Sunday, October 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Teradyne has a consensus rating of "Moderate Buy" and an average target price of $143.77.

Teradyne Price Performance

NASDAQ TER traded up $0.58 during trading on Friday, hitting $111.67. 3,054,933 shares of the company's stock traded hands, compared to its average volume of 2,934,307. The firm has a market cap of $18.19 billion, a P/E ratio of 33.53, a PEG ratio of 2.67 and a beta of 1.46. The stock has a fifty day moving average of $125.43 and a two-hundred day moving average of $124.37. Teradyne has a 12-month low of $94.64 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts expect that Teradyne will post 4.02 earnings per share for the current fiscal year.

Teradyne announced that its Board of Directors has approved a share buyback plan on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 0.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne's payout ratio is 14.41%.

Insiders Place Their Bets

In other news, CFO Sanjay Mehta sold 614 shares of Teradyne stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $62,628.00. Following the transaction, the chief financial officer now directly owns 30,446 shares of the company's stock, valued at $3,105,492. The trade was a 1.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on 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. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,434 shares of company stock worth $785,137. Company insiders own 0.36% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Creative Planning boosted its holdings in shares of Teradyne by 17.0% during the 2nd quarter. Creative Planning now owns 16,848 shares of the company's stock valued at $2,498,000 after purchasing an additional 2,451 shares during the last quarter. Quarry LP lifted its stake in shares of Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company's stock valued at $35,000 after purchasing an additional 169 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of Teradyne by 51.0% in the 2nd quarter. EP Wealth Advisors LLC now owns 3,027 shares of the company's stock worth $449,000 after purchasing an additional 1,022 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Teradyne during the 2nd quarter valued at approximately $4,423,000. Finally, Massmutual Trust Co. FSB ADV raised its holdings in Teradyne by 28.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 833 shares of the company's stock valued at $112,000 after buying an additional 182 shares during the period. Hedge funds and other 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.