Teradyne (NASDAQ:TER) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Teradyne (NASDAQ:TER) from a hold rating to a sell rating in a research report released on Monday.

Several other brokerages also recently weighed in on TER. Northland Securities dropped their target price on Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a research note on Friday, July 26th. JPMorgan Chase & Co. boosted their price target on Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. KeyCorp upped 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. Evercore ISI lifted their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, Citigroup cut their price target on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Teradyne has an average rating of “Hold” and a consensus target price of $142.57.

Teradyne Stock Performance

NASDAQ:TER opened at $110.72 on Monday. The firm has a 50-day simple moving average of $130.26 and a 200-day simple moving average of $131.85. Teradyne has a one year low of $81.07 and a one year high of $163.21. The firm has a market cap of $18.07 billion, a P/E ratio of 36.42, a P/E/G ratio of 2.57 and a beta of 1.49.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The business had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business posted $0.80 EPS. On average, research analysts predict that Teradyne will post 3.02 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 5th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.43%. The ex-dividend date was Thursday, September 5th. Teradyne’s dividend payout ratio is currently 15.79%.

Insider Transactions at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $83,000.00. Following the completion of the sale, the director now owns 15,893 shares in the company, valued at approximately $2,110,590.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $83,000.00. Following the completion of the sale, the director now directly owns 15,893 shares in the company, valued at $2,110,590.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the sale, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at $4,768,072.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,977 shares of company stock valued at $1,979,834 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Teradyne

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Teradyne in the 2nd quarter valued at approximately $27,000. Rothschild Investment LLC acquired a new position in Teradyne during the second quarter worth $33,000. Quarry LP lifted its stake in Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after purchasing an additional 169 shares in the last quarter. Tortoise Investment Management LLC boosted its position in shares of Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after buying an additional 118 shares during the period. Finally, Versant Capital Management Inc grew its stake in shares of Teradyne by 3,800.0% in the second quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock valued at $52,000 after buying an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

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.