JPMorgan Chase & Co. Cuts Teradyne (NASDAQ:TER) Price Target to $92.00

Teradyne (NASDAQ:TER) had its price target lowered by JPMorgan Chase & Co. from $120.00 to $92.00 in a research report sent to investors on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

TER has been the subject of a number of other reports. Vertical Research started coverage on shares of Teradyne in a research report on Friday, March 7th. They set a “buy” rating and a $135.00 target price for the company. UBS Group set a $130.00 target price on Teradyne and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Robert W. Baird cut their price target on Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. Finally, KeyCorp restated a “sector weight” rating on shares of Teradyne in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and a consensus target price of $118.94.

Teradyne Trading Down 0.0 %

TER opened at $71.14 on Thursday. Teradyne has a 1-year low of $65.77 and a 1-year high of $163.21. The company has a market cap of $11.44 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 2.83 and a beta of 1.65. The company’s fifty day moving average price is $92.22 and its two-hundred day moving average price is $110.85.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. As a group, equities analysts forecast that Teradyne will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio is 14.41%.

Insiders Place Their Bets

In related news, VP Ryan Driscoll sold 437 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $44,574.00. Following the completion of the transaction, the vice president now directly owns 4,312 shares in the company, valued at approximately $439,824. The trade was a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sanjay Mehta sold 614 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $62,628.00. Following the sale, the chief financial officer now owns 30,446 shares in the company, valued at $3,105,492. The trade was a 1.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,399 shares of company stock worth $612,734 in the last ninety days. 0.16% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Teradyne

Several institutional investors have recently modified their holdings of TER. Roberts Glore & Co. Inc. IL grew its position in Teradyne by 2.2% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock valued at $517,000 after acquiring an additional 90 shares during the last quarter. Covestor Ltd lifted its stake in Teradyne by 12.3% in the fourth quarter. Covestor Ltd now owns 901 shares of the company’s stock worth $113,000 after purchasing an additional 99 shares during the last quarter. Snowden Capital Advisors LLC boosted its position in Teradyne by 2.8% during the fourth quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company’s stock valued at $472,000 after buying an additional 103 shares during the period. GAMMA Investing LLC grew its stake in shares of Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock valued at $434,000 after buying an additional 105 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Teradyne by 4.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company’s stock worth $429,000 after buying an additional 119 shares during the period. 99.77% of the stock is currently owned by institutional investors.

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.