Teradyne (NASDAQ:TER) Price Target Lowered to $140.00 at Northland Securities

Teradyne (NASDAQ:TER - Get Free Report) had its target price dropped by research analysts at Northland Securities from $154.00 to $140.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Northland Securities' target price would suggest a potential upside of 25.42% from the stock's previous close.

Other equities research analysts also recently issued reports about the company. Susquehanna increased their price target on Teradyne from $145.00 to $165.00 and gave the stock a "positive" rating in a research report on Wednesday, January 22nd. Northland Capmk upgraded Teradyne from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. upgraded Teradyne from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $145.00 to $158.00 in a research report on Monday, December 16th. Craig Hallum lowered their price target on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a report on Friday, October 25th. Finally, Morgan Stanley cut Teradyne from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $121.00 to $117.00 in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $143.77.

Teradyne Stock Up 0.5 %

Shares of TER traded up $0.53 during trading hours on Friday, reaching $111.62. 1,515,797 shares of the company traded hands, compared to its average volume of 2,852,333. The business has a fifty day moving average price of $125.38 and a 200-day moving average price of $124.61. The stock has a market capitalization of $18.18 billion, a P/E ratio of 33.52, a P/E/G ratio of 2.67 and a beta of 1.46. Teradyne has a 12-month low of $94.64 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates 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, research analysts predict that Teradyne will post 4.02 EPS for the current fiscal year.

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

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction 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 transaction, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ryan Driscoll sold 437 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total transaction of $44,574.00. Following the completion of the sale, the vice president now directly owns 4,312 shares of the company's stock, valued at $439,824. This represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,434 shares of company stock valued at $785,137 in the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

Institutional Trading of Teradyne

Several institutional investors have recently made changes to their positions in TER. Creative Planning increased its position in shares of Teradyne by 17.0% during the second quarter. Creative Planning now owns 16,848 shares of the company's stock valued at $2,498,000 after acquiring an additional 2,451 shares during the last quarter. Quarry LP increased its holdings in 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 raised its position in Teradyne by 51.0% in the second quarter. EP Wealth Advisors LLC now owns 3,027 shares of the company's stock valued at $449,000 after purchasing an additional 1,022 shares during the period. Sanctuary Advisors LLC acquired a new position in Teradyne during the second quarter worth $4,423,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Teradyne by 28.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 833 shares of the company's stock worth $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.

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.