KeyCorp Has Lowered Expectations for Teradyne (NASDAQ:TER) Stock Price

Teradyne (NASDAQ:TER) had its price objective cut by KeyCorp from $180.00 to $150.00 in a research report released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts have also recently issued reports on TER. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Susquehanna increased their price objective on shares of Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Morgan Stanley cut Teradyne from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $121.00 to $117.00 in a research report on Tuesday, January 21st. Craig Hallum dropped their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Finally, Robert W. Baird cut 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.77.

Teradyne Stock Up 0.6 %

NASDAQ TER opened at $115.79 on Friday. Teradyne has a 52 week low of $92.29 and a 52 week high of $163.21. The firm has a 50 day moving average of $125.37 and a two-hundred day moving average of $125.34. The stock has a market capitalization of $18.86 billion, a PE ratio of 34.77, a price-to-earnings-growth ratio of 2.04 and a beta of 1.46.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share 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 19.23%. On average, equities research analysts expect that Teradyne will post 4.1 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Teradyne announced that its Board of Directors has approved a stock buyback plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 0.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Teradyne

In related news, CFO Sanjay Mehta sold 614 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $62,628.00. Following the completion of the sale, the chief financial officer now owns 30,446 shares of the company’s stock, valued at $3,105,492. This trade represents a 1.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 6,434 shares of company stock worth $785,137 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Hedge funds have recently added to or reduced their stakes in the stock. Creative Planning raised its holdings in shares of Teradyne by 17.0% during the second quarter. Creative Planning now owns 16,848 shares of the company’s stock worth $2,498,000 after acquiring an additional 2,451 shares during the period. Quarry LP raised its stake in shares of Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after purchasing an additional 169 shares in the last quarter. EP Wealth Advisors LLC lifted its stake 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 acquiring an additional 1,022 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Teradyne in the second quarter valued at approximately $4,423,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Teradyne by 28.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 833 shares of the company’s stock valued at $112,000 after purchasing an additional 182 shares during 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.