Teradyne (NASDAQ:TER) Upgraded to Hold by StockNews.com

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

Other research analysts have also recently issued reports about the stock. Citigroup decreased their price objective on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a report on Friday, July 26th. Susquehanna increased their price target on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a report on Friday, July 26th. Craig Hallum cut their price objective on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday. Evercore ISI upped their price objective on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, Robert W. Baird dropped their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $142.62.

Teradyne Price Performance

Shares of Teradyne stock opened at $111.75 on Friday. The stock has a market cap of $18.24 billion, a price-to-earnings ratio of 35.48, a PEG ratio of 2.46 and a beta of 1.49. Teradyne has a 1 year low of $81.07 and a 1 year high of $163.21. The firm’s 50-day moving average is $129.41 and its 200 day moving average is $132.05.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The company had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. During the same quarter last year, the firm earned $0.80 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts expect that Teradyne will post 3.12 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Thursday, September 5th. Teradyne’s dividend payout ratio (DPR) is 15.24%.

Insiders Place Their Bets

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the completion of the sale, the director now directly owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the transaction, the director now owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the transaction, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,977 shares of company stock valued at $1,979,834 over the last 90 days. Insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Swedbank AB grew its position in shares of Teradyne by 198.8% in the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock worth $95,145,000 after buying an additional 426,900 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Teradyne by 17.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock valued at $37,887,000 after buying an additional 50,156 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Teradyne by 8.2% during the first quarter. Janney Montgomery Scott LLC now owns 188,733 shares of the company’s stock valued at $21,295,000 after purchasing an additional 14,272 shares in the last quarter. MBB Public Markets I LLC purchased a new stake in shares of Teradyne in the second quarter valued at about $1,619,000. Finally, Empowered Funds LLC lifted its holdings in Teradyne by 137.6% in the first quarter. Empowered Funds LLC now owns 20,028 shares of the company’s stock valued at $2,260,000 after acquiring an additional 11,599 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Company Profile

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.