Teradyne (NASDAQ:TER) Downgraded by StockNews.com

StockNews.com downgraded shares of Teradyne (NASDAQ:TER) from a hold rating to a sell rating in a research note released on Monday.

A number of other research firms have also recently weighed in on TER. JPMorgan Chase & Co. upped their price target on Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target for the company in a report on Friday, August 16th. Susquehanna boosted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a report on Friday, July 26th. KeyCorp raised their target price on Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. Finally, Northland Securities cut their price target on Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $142.57.

Teradyne Trading Down 0.7 %

Shares of TER stock opened at $124.43 on Monday. The company has a market cap 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 company’s fifty day simple moving average is $130.28 and its 200-day simple moving average is $131.90. Teradyne has a 52 week low of $81.07 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. The company had revenue of $729.88 million for the quarter, compared to analysts’ expectations of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 earnings per share. Equities research analysts expect that Teradyne will post 3.02 EPS for the current fiscal year.

Teradyne Announces Dividend

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

Insiders Place Their Bets

In related news, insider Richard John Burns sold 789 shares of the business’s stock in a transaction dated 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 represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total value of $83,431.25. Following the sale, the director now directly owns 16,518 shares in the company, valued at approximately $2,204,987.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction 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 business’s 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 transaction, the insider now directly owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. This trade 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. 0.36% of the stock is owned by company insiders.

Institutional Trading of Teradyne

A number of large investors have recently modified their holdings of TER. Van ECK Associates Corp increased its stake in shares of Teradyne by 10.4% in the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock valued at $543,278,000 after purchasing an additional 453,926 shares during the period. Swedbank AB raised its stake in Teradyne by 198.8% during the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after acquiring an additional 426,900 shares in the last quarter. Ossiam boosted its position in Teradyne by 13,540.0% during the 1st quarter. Ossiam now owns 419,977 shares of the company’s stock worth $47,386,000 after acquiring an additional 416,898 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Teradyne by 4,854.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 398,009 shares of the company’s stock worth $44,907,000 after purchasing an additional 389,975 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Teradyne by 14.6% during the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock valued at $342,178,000 after purchasing an additional 385,115 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

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.