Teradyne (NASDAQ:TER) Given New $110.00 Price Target at Robert W. Baird

Teradyne (NASDAQ:TER) had its price objective decreased by Robert W. Baird from $140.00 to $110.00 in a research note released on Thursday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on TER. Citigroup dropped their price objective on Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday. KeyCorp dropped their price objective on Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday. Vertical Research initiated coverage on Teradyne in a report on Friday, March 7th. They issued a “buy” rating and a $135.00 price objective for the company. 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 report on Tuesday, January 21st. Finally, Cantor Fitzgerald lowered their target price on Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and a consensus price target of $123.69.

Teradyne Price Performance

TER opened at $85.33 on Thursday. The stock’s 50 day simple moving average is $118.48 and its 200 day simple moving average is $120.70. Teradyne has a 1 year low of $82.98 and a 1 year high of $163.21. The firm has a market cap of $13.80 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) 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, sell-side analysts anticipate that Teradyne will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s payout ratio is 14.41%.

Insider Buying and Selling at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 1,384 shares of Teradyne stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $154,302.16. Following the completion of the sale, the chief financial officer now owns 36,576 shares of the company’s stock, valued at approximately $4,077,858.24. This trade represents a 3.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value 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 approximately $9,705,800. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,479 shares of company stock worth $1,013,134. 0.36% of the stock is owned by insiders.

Institutional Trading of Teradyne

A number of institutional investors and hedge funds have recently modified their holdings of TER. Compass Financial Services Inc bought a new stake in shares of Teradyne in the 4th quarter worth $33,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Teradyne in the fourth quarter worth $34,000. AllSquare Wealth Management LLC grew its holdings in shares of Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after acquiring an additional 200 shares during the period. Manchester Capital Management LLC grew its holdings in shares of 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, Murphy & Mullick Capital Management Corp bought a new stake in shares of Teradyne in the fourth quarter worth $45,000. 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.