Morgan Stanley Issues Pessimistic Forecast for Teradyne (NASDAQ:TER) Stock Price

Teradyne (NASDAQ:TER - Get Free Report) had its price target reduced by stock analysts at Morgan Stanley from $81.00 to $69.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an "underweight" rating on the stock. Morgan Stanley's price target indicates a potential downside of 3.01% from the company's current price.

A number of other equities research analysts have also recently commented on TER. Cantor Fitzgerald lowered their price target on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. KeyCorp lowered their target price on Teradyne from $150.00 to $140.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. TD Cowen cut their price target on Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Bank of America lowered their price objective on Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a research note on Wednesday, March 12th. Finally, Susquehanna cut their target price on shares of Teradyne from $165.00 to $155.00 and set a "positive" rating for the company in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Teradyne presently has a consensus rating of "Moderate Buy" and a consensus target price of $118.94.

Teradyne Stock Down 0.0 %

NASDAQ TER traded down $0.02 on Wednesday, reaching $71.14. The company had a trading volume of 3,055,745 shares, compared to its average volume of 2,561,536. The company's fifty day moving average is $92.22 and its 200 day moving average is $110.99. Teradyne has a 52-week low of $65.77 and a 52-week high of $163.21. The stock has a market capitalization of $11.44 billion, a P/E ratio of 21.36, a P/E/G ratio of 2.83 and a beta of 1.65.

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

Insider Buying and Selling

In other Teradyne news, VP Ryan Driscoll sold 437 shares of Teradyne stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $44,574.00. Following the sale, the vice president now directly owns 4,312 shares of the company's stock, valued at approximately $439,824. The trade was a 9.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard John Burns sold 445 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the transaction, the insider now directly owns 25,191 shares of the company's stock, valued at $2,808,544.59. This represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,399 shares of company stock valued at $612,734 over the last ninety days. 0.36% of the stock is owned by insiders.

Hedge Funds Weigh In On Teradyne

Institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in shares of Teradyne by 9.1% in the third quarter. Wellington Management Group LLP now owns 10,684 shares of the company's stock worth $1,431,000 after acquiring an additional 890 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Teradyne in the third quarter worth approximately $95,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Teradyne during the third quarter valued at approximately $81,000. Tidal Investments LLC lifted its position in Teradyne by 61.6% during the third quarter. Tidal Investments LLC now owns 18,197 shares of the company's stock valued at $2,437,000 after purchasing an additional 6,933 shares during the period. Finally, Franklin Resources Inc. grew its position in Teradyne by 30.5% in the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock worth $11,878,000 after purchasing an additional 20,762 shares during the period. 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.