JPMorgan Chase & Co. Cuts Teradyne (NASDAQ:TER) Price Target to $145.00

Teradyne (NASDAQ:TER - Get Free Report) had its target price decreased by research analysts at JPMorgan Chase & Co. from $158.00 to $145.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 29.85% from the stock's previous close.

Several other brokerages have also recently commented on TER. Robert W. Baird decreased their price target on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Northland Securities decreased their target price on Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a research report on Friday. Evercore ISI raised their price target on Teradyne from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Susquehanna upped their price objective on Teradyne from $145.00 to $165.00 and gave the stock a "positive" rating in a report on Wednesday, January 22nd. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $160.00 target price on shares of Teradyne in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $143.77.

Teradyne Price Performance

Shares of NASDAQ:TER traded up $0.58 during trading on Friday, hitting $111.67. 3,054,933 shares of the company's stock were exchanged, compared to its average volume of 2,934,307. The business's 50-day simple moving average is $125.43 and its 200 day simple moving average is $124.37. The company has a market cap of $18.19 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 2.67 and a beta of 1.46. Teradyne has a 52-week low of $94.64 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data 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%. On average, sell-side analysts anticipate that Teradyne will post 4.02 EPS for the current fiscal year.

Teradyne declared that its board has approved a share repurchase plan on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 0.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Richard John Burns sold 407 shares of Teradyne stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the sale, the insider now owns 20,764 shares of the company's stock, valued at $2,502,269.64. The trade was a 1.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,434 shares of company stock worth $785,137. 0.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TER. Capital Performance Advisors LLP purchased a new stake in shares of Teradyne in the 3rd quarter worth $29,000. Compass Financial Services Inc bought a new stake in shares of Teradyne in the fourth quarter valued at about $33,000. Quarry LP lifted its stake in Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company's stock worth $35,000 after acquiring an additional 169 shares during the period. Manchester Capital Management LLC lifted its stake in Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock worth $39,000 after acquiring an additional 227 shares during the period. Finally, Coastline Trust Co bought a new position in Teradyne during the 3rd quarter worth about $46,000. 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.