Teradyne (NASDAQ:TER) Price Target Cut to $112.00

Teradyne (NASDAQ:TERGet Rating) had its price target decreased by Citigroup from $130.00 to $112.00 in a research note released on Thursday, The Fly reports. Citigroup currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on TER. Loop Capital decreased their price target on shares of Teradyne from $158.00 to $132.00 and set a buy rating on the stock in a research note on Tuesday, June 28th. The Goldman Sachs Group decreased their price target on shares of Teradyne from $127.00 to $106.00 in a research note on Friday, July 15th. Bank of America downgraded shares of Teradyne from a buy rating to a neutral rating and reduced their target price for the stock from $140.00 to $110.00 in a research note on Wednesday, June 29th. JPMorgan Chase & Co. initiated coverage on shares of Teradyne in a research note on Tuesday, July 5th. They issued a neutral rating and a $120.00 price target on the stock. Finally, Piper Sandler reduced their price target on shares of Teradyne from $163.00 to $127.00 and set an overweight rating on the stock in a research note on Thursday, May 26th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $124.55.

Teradyne Stock Up 2.0 %

Shares of NASDAQ TER opened at $100.89 on Thursday. The company’s 50-day simple moving average is $96.84 and its 200-day simple moving average is $109.41. Teradyne has a 52-week low of $82.97 and a 52-week high of $168.91. The firm has a market cap of $16.16 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 2.91 and a beta of 1.53. The company has a quick ratio of 2.97, a current ratio of 3.33 and a debt-to-equity ratio of 0.03.

Teradyne (NASDAQ:TERGet Rating) last announced its earnings results on Tuesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.07. Teradyne had a net margin of 26.58% and a return on equity of 40.67%. During the same period last year, the business earned $1.91 EPS. Equities analysts predict that Teradyne will post 4.8 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Wednesday, May 25th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Tuesday, May 24th. Teradyne’s dividend payout ratio (DPR) is presently 8.18%.

Insiders Place Their Bets

In other Teradyne news, insider Brad Robbins sold 3,145 shares of the business’s stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $89.49, for a total transaction of $281,446.05. Following the completion of the transaction, the insider now owns 44,755 shares in the company, valued at approximately $4,005,124.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. HHM Wealth Advisors LLC acquired a new position in shares of Teradyne in the 4th quarter valued at $25,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of Teradyne in the 4th quarter valued at $31,000. Capital Advisory Group Advisory Services LLC acquired a new position in shares of Teradyne in the 1st quarter valued at $26,000. Glassman Wealth Services boosted its holdings in shares of Teradyne by 218.3% in the 1st quarter. Glassman Wealth Services now owns 226 shares of the company’s stock valued at $27,000 after buying an additional 155 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Teradyne in the 1st quarter valued at $29,000. Institutional investors and hedge funds own 96.94% of the company’s stock.

About Teradyne

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Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.

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