Teradyne (NASDAQ:TER) Lowered to Hold at Northland Capmk

Northland Capmk lowered shares of Teradyne (NASDAQ:TER) from a strong-buy rating to a hold rating in a report released on Thursday, Zacks.com reports.

Several other analysts also recently weighed in on the company. Susquehanna lifted their price objective on Teradyne from $125.00 to $130.00 and gave the company a positive rating in a report on Friday, April 26th. Citigroup upped their price target on shares of Teradyne from $112.00 to $185.00 and gave the stock a buy rating in a research report on Monday, July 15th. KeyCorp lifted their price objective on shares of Teradyne from $160.00 to $180.00 and gave the company an overweight rating in a report on Friday, July 12th. JPMorgan Chase & Co. upped their target price on Teradyne from $100.00 to $110.00 and gave the stock a neutral rating in a report on Thursday, April 11th. Finally, Northland Securities downgraded Teradyne from an outperform rating to a market perform rating and set a $136.00 price target on the stock. in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Teradyne currently has a consensus rating of Hold and an average target price of $139.64.

Teradyne Price Performance

Shares of TER stock opened at $146.42 on Thursday. The company’s 50-day simple moving average is $145.76 and its two-hundred day simple moving average is $120.19. Teradyne has a one year low of $81.07 and a one year high of $163.21. The company has a market capitalization of $22.86 billion, a P/E ratio of 55.67, a P/E/G ratio of 2.74 and a beta of 1.50.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. The company had revenue of $599.82 million for the quarter, compared to analysts’ expectations of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. Teradyne’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 earnings per share. On average, research analysts expect that Teradyne will post 3.05 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date was Tuesday, May 21st. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

Insider Buying and Selling at Teradyne

In related news, CFO Sanjay Mehta sold 3,750 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the transaction, the chief financial officer now owns 41,902 shares in the company, valued at approximately $5,030,754.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Teradyne news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total transaction of $89,900.00. Following the completion of the sale, the director now directly owns 18,393 shares in the company, valued at approximately $2,645,649.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sanjay Mehta sold 3,750 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the transaction, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,005 shares of company stock worth $1,304,763. 0.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Teradyne

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Teradyne by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock worth $2,078,462,000 after purchasing an additional 135,286 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Teradyne by 10.4% during the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock worth $543,278,000 after buying an additional 453,926 shares in the last quarter. Nordea Investment Management AB grew its position in Teradyne by 14.6% during the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock valued at $342,178,000 after buying an additional 385,115 shares during the period. Boston Partners increased its holdings in Teradyne by 23.2% in the fourth quarter. Boston Partners now owns 2,896,349 shares of the company’s stock valued at $314,324,000 after buying an additional 544,482 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Teradyne by 3.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,182,136 shares of the company’s stock valued at $246,210,000 after buying an additional 68,924 shares in the last quarter. 99.77% of the stock is 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.