Teradyne (NASDAQ:TER) Downgraded to Sell at StockNews.com

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

Other equities analysts have also recently issued research reports about the stock. Susquehanna lifted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Citigroup decreased their price target on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Northland Securities cut their price objective on Teradyne from $136.00 to $126.00 and set a “market perform” rating for the company in a research report on Friday, July 26th. JPMorgan Chase & Co. lifted their target price on Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Finally, Northland Capmk downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $142.57.

Teradyne Stock Performance

TER opened at $124.43 on Monday. The company has a market capitalization of $19.43 billion, a PE ratio of 47.31, a P/E/G ratio of 2.58 and a beta of 1.49. The stock’s fifty day moving average is $130.28 and its 200-day moving average is $131.90. Teradyne has a one year low of $81.07 and a one year high of $163.21.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The firm had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. During the same period in the previous year, the company earned $0.79 earnings per share. Teradyne’s revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts forecast that Teradyne will post 3.02 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 5th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Thursday, September 5th. Teradyne’s dividend payout ratio is currently 18.25%.

Insider Buying and Selling at Teradyne

In other Teradyne news, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the sale, the insider now owns 21,864 shares of the company’s stock, valued at $2,903,539.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Richard John Burns sold 789 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the transaction, the insider now owns 21,864 shares in the company, valued at $2,903,539.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,977 shares of company stock worth $1,979,834. 0.36% of the stock is currently owned by company insiders.

Institutional Trading of Teradyne

Several large investors have recently added to or reduced their stakes in TER. Vanguard Group Inc. raised its holdings in shares of Teradyne by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock valued at $2,078,462,000 after purchasing an additional 135,286 shares in the last quarter. Van ECK Associates Corp increased its position 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 during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Teradyne by 1.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock valued at $682,597,000 after buying an additional 57,989 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Teradyne by 14.6% in the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock worth $342,178,000 after buying an additional 385,115 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Teradyne by 2.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,233,058 shares of the company’s stock worth $299,073,000 after acquiring an additional 47,157 shares in the last quarter. 99.77% of the stock is 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.