Teradyne (NASDAQ:TER) Hits New 52-Week Low – Here’s Why

Shares of Teradyne, Inc. (NASDAQ:TER) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $82.86 and last traded at $83.58, with a volume of 736294 shares traded. The stock had previously closed at $85.68.

Analyst Upgrades and Downgrades

TER has been the subject of several research reports. Citigroup dropped their price objective on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Vertical Research initiated coverage on Teradyne in a report on Friday, March 7th. They set a “buy” rating and a $135.00 price objective on the stock. Stifel Nicolaus reduced their price objective on Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, March 12th. Bank of America dropped their target price on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a research report on Wednesday, March 12th. Finally, Robert W. Baird reduced their price target on Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $121.44.

Teradyne Price Performance

The company’s 50-day moving average price is $107.90 and its two-hundred day moving average price is $117.43. The company has a market capitalization of $13.39 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. On average, equities research analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Insiders Place Their Bets

In related news, CFO Sanjay Mehta sold 1,384 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $154,302.16. Following the transaction, the chief financial officer now owns 36,576 shares in the company, valued at $4,077,858.24. The trade was a 3.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ryan Driscoll sold 437 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $44,574.00. Following the completion of the sale, the vice president now owns 4,312 shares of the company’s stock, valued at $439,824. The trade was a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,479 shares of company stock worth $1,013,134. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TER. Compass Financial Services Inc acquired a new position in Teradyne during the fourth quarter worth $33,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Teradyne during the fourth quarter worth about $34,000. AllSquare Wealth Management LLC raised its holdings in shares of Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after acquiring an additional 200 shares during the last quarter. Manchester Capital Management LLC boosted its stake in Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after purchasing an additional 227 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Teradyne during the 4th quarter valued at about $45,000. 99.77% of the stock is owned by institutional investors and hedge funds.

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.