Teradyne (NASDAQ:TER) Lowered to Hold at Craig Hallum

Craig Hallum cut shares of Teradyne (NASDAQ:TER) from a buy rating to a hold rating in a research note issued to investors on Friday, MarketBeat reports. Craig Hallum currently has $124.00 price target on the stock.

Several other research firms have also commented on TER. Stifel Nicolaus increased their price objective on shares of Teradyne from $100.00 to $150.00 and gave the company a hold rating in a research report on Tuesday, July 16th. Northland Securities lowered shares of Teradyne from an outperform rating to a market perform rating and set a $136.00 price objective for the company. in a research report on Thursday, July 18th. UBS Group increased their price objective on shares of Teradyne from $130.00 to $170.00 and gave the company a buy rating in a research report on Tuesday, June 18th. The Goldman Sachs Group raised their target price on shares of Teradyne from $118.00 to $161.00 and gave the stock a buy rating in a report on Tuesday, May 28th. Finally, Citigroup raised their target price on shares of Teradyne from $112.00 to $185.00 and gave the stock a buy rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $142.93.

Teradyne Stock Performance

TER opened at $127.93 on Friday. The stock has a market capitalization of $19.97 billion, a price-to-earnings ratio of 48.64, a PEG ratio of 2.54 and a beta of 1.50. The company has a fifty day moving average of $146.60 and a 200 day moving average of $121.63. Teradyne has a fifty-two week low of $81.07 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The business had revenue of $729.88 million during the quarter, compared to analyst estimates of $701.20 million. During the same quarter last year, the business earned $0.79 earnings per share. Teradyne’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts forecast that Teradyne will post 3.08 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, May 21st. This represents a $0.48 dividend on an annualized basis and a yield of 0.38%. Teradyne’s payout ratio is 18.25%.

Insider Activity at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $121.20, for a total transaction of $75,750.00. Following the transaction, the director now owns 17,142 shares of the company’s stock, valued at approximately $2,077,610.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $121.20, for a total transaction of $75,750.00. Following the transaction, the director now owns 17,142 shares of the company’s stock, valued at approximately $2,077,610.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard John Burns sold 5,005 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $137.64, for a total transaction of $688,888.20. Following the transaction, the insider now directly owns 21,780 shares in the company, valued at approximately $2,997,799.20. The disclosure for this sale can be found here. Insiders sold 10,005 shares of company stock worth $1,304,763 in the last 90 days. 0.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. CVA Family Office LLC purchased a new position in shares of Teradyne in the 4th quarter worth approximately $33,000. Bfsg LLC purchased a new position in shares of Teradyne in the 1st quarter worth approximately $34,000. American National Bank purchased a new position in shares of Teradyne in the 4th quarter worth approximately $37,000. Cambridge Trust Co. purchased a new position in shares of Teradyne in the 4th quarter worth approximately $38,000. Finally, Versant Capital Management Inc grew its position in shares of Teradyne by 3,800.0% in the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock worth $52,000 after buying an additional 342 shares during 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.