Teradyne (NYSE:TER) had its price target decreased by research analysts at Needham & Company LLC to $45.00 in a report issued on Thursday. The brokerage presently has a “positive” rating on the semiconductor company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 35.54% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. ValuEngine downgraded Teradyne from a “buy” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus dropped their target price on Teradyne from $54.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday. Robert W. Baird reaffirmed a “neutral” rating and issued a $37.00 target price on shares of Teradyne in a research report on Wednesday. Credit Suisse Group dropped their target price on Teradyne from $44.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, DA Davidson downgraded Teradyne from a “buy” rating to a “neutral” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Teradyne currently has an average rating of “Buy” and a consensus target price of $47.23.

Shares of NYSE:TER opened at $33.20 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.60 and a quick ratio of 4.76. The stock has a market cap of $6,654.14, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13. Teradyne has a 12-month low of $29.68 and a 12-month high of $50.68.

Teradyne (NYSE:TER) last issued its quarterly earnings data on Tuesday, April 24th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The firm had revenue of $487.00 million during the quarter, compared to the consensus estimate of $478.77 million. Teradyne had a return on equity of 23.43% and a net margin of 11.97%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $0.61 EPS. sell-side analysts forecast that Teradyne will post 2.4 EPS for the current year.

Teradyne declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 24th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

In other news, CFO Gregory R. Beecher sold 71,300 shares of Teradyne stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $46.57, for a total value of $3,320,441.00. Following the completion of the transaction, the chief financial officer now owns 77,676 shares in the company, valued at approximately $3,617,371.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Charles Jeffrey Gray sold 32,238 shares of Teradyne stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $46.31, for a total value of $1,492,941.78. Following the completion of the transaction, the vice president now owns 37,057 shares of the company’s stock, valued at approximately $1,716,109.67. The disclosure for this sale can be found here. Insiders sold a total of 140,969 shares of company stock valued at $6,492,937 in the last quarter. Company insiders own 0.49% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in TER. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Teradyne by 22.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,517 shares of the semiconductor company’s stock valued at $243,000 after buying an additional 1,209 shares during the period. Jaffetilchin Investment Partners LLC purchased a new position in shares of Teradyne in the 4th quarter valued at about $787,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Teradyne by 0.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 870,830 shares of the semiconductor company’s stock valued at $36,462,000 after buying an additional 7,456 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Teradyne in the 4th quarter valued at about $355,000. Finally, Oakbrook Investments LLC lifted its stake in Teradyne by 6.4% during the fourth quarter. Oakbrook Investments LLC now owns 18,520 shares of the semiconductor company’s stock worth $775,000 after purchasing an additional 1,120 shares during the last quarter. Institutional investors and hedge funds own 98.63% of the company’s stock.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.

Analyst Recommendations for Teradyne (NYSE:TER)

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