Morgan Stanley Lowers Teradyne (NASDAQ:TER) Price Target to $81.00

Teradyne (NASDAQ:TER) had its target price cut by research analysts at Morgan Stanley from $112.00 to $81.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Morgan Stanley’s price target suggests a potential downside of 6.62% from the company’s previous close.

A number of other equities research analysts have also recently commented on TER. UBS Group set a $130.00 price objective on shares of Teradyne and gave the stock a “buy” rating in a research note on Wednesday. KeyCorp decreased their target price on Teradyne from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday. Susquehanna decreased their price objective on Teradyne from $165.00 to $155.00 and set a “positive” rating on the stock in a report on Wednesday. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their price target on Teradyne from $145.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and a consensus target price of $121.44.

Teradyne Stock Up 1.7 %

Shares of Teradyne stock opened at $86.74 on Friday. The firm has a market capitalization of $14.03 billion, a P/E ratio of 26.05, a PEG ratio of 2.83 and a beta of 1.46. The company has a 50 day moving average price of $117.60 and a 200 day moving average price of $120.28. Teradyne has a 52 week low of $82.98 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS 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, research analysts anticipate that Teradyne will post 3.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sanjay Mehta sold 1,384 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $154,302.16. Following the sale, the chief financial officer now owns 36,576 shares in the company, valued at $4,077,858.24. This trade represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock worth $1,013,134 over the last three months. Company insiders own 0.36% of the company’s stock.

Institutional Trading of Teradyne

Large investors have recently made changes to their positions in the company. Compass Financial Services Inc purchased a new stake in shares of Teradyne during the fourth quarter worth approximately $33,000. Strategic Investment Solutions Inc. IL acquired a new position in Teradyne in the fourth quarter valued at approximately $34,000. AllSquare Wealth Management LLC boosted its holdings in Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock valued at $38,000 after purchasing an additional 200 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after purchasing an additional 227 shares in the last quarter. Finally, Coastline Trust Co acquired a new position in Teradyne in the third quarter valued at approximately $46,000. 99.77% of the stock is currently owned by hedge funds and other 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.