Teradyne, Inc. (NASDAQ:TER) Sees Significant Increase in Short Interest

Teradyne, Inc. (NASDAQ:TER) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 4,500,000 shares, a growth of 28.9% from the November 15th total of 3,490,000 shares. Based on an average daily volume of 2,110,000 shares, the short-interest ratio is presently 2.1 days. Approximately 2.8% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TER shares. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Stifel Nicolaus dropped their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Evercore ISI raised their price objective on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a research report on Friday, August 16th. Finally, Northland Securities decreased their price target on Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $142.62.

Teradyne Price Performance

Shares of TER stock traded up $2.27 on Friday, hitting $123.22. The company’s stock had a trading volume of 3,953,845 shares, compared to its average volume of 2,069,738. The stock has a market capitalization of $20.07 billion, a price-to-earnings ratio of 39.12, a P/E/G ratio of 2.60 and a beta of 1.51. Teradyne has a fifty-two week low of $92.29 and a fifty-two week high of $163.21. The firm’s fifty day moving average price is $115.18 and its 200-day moving average price is $129.64.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The firm had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 earnings per share. Analysts predict that Teradyne will post 3.17 EPS for the current fiscal year.

Teradyne announced that its board has authorized a share repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be paid a $0.12 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.39%. Teradyne’s payout ratio is 15.24%.

Insiders Place Their Bets

In related news, insider Richard John Burns sold 789 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction 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. The trade was a 3.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $409,024.00. Following the completion of the sale, the chief executive officer now owns 80,736 shares in the company, valued at $10,721,740.80. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,494 shares of company stock valued at $596,803. Company insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Several institutional investors and hedge funds have recently added to or reduced their stakes in TER. Ashton Thomas Private Wealth LLC bought a new position in shares of Teradyne during the 2nd quarter worth about $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Teradyne during the 3rd quarter worth about $29,000. Rothschild Investment LLC bought a new position in Teradyne during the 2nd quarter valued at about $33,000. Quarry LP grew 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 buying an additional 169 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its holdings 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 in the last quarter. 99.77% of the stock is currently owned by 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.