Teradyne (NASDAQ:TER) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of Teradyne (NASDAQ:TER) from a hold rating to a sell rating in a report issued on Tuesday morning.

A number of other research firms have also recently issued reports on TER. Robert W. Baird raised their target price on Teradyne from $120.00 to $140.00 and gave the company an outperform rating in a research note on Monday, July 29th. Northland Capmk cut shares of Teradyne from a strong-buy rating to a hold rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. lifted their price objective on shares of Teradyne from $120.00 to $145.00 and gave the company a neutral rating in a research note on Tuesday, July 23rd. Craig Hallum cut shares of Teradyne from a buy rating to a hold rating and set a $124.00 price objective on the stock. in a research note on Friday, July 26th. Finally, Susquehanna lifted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company a positive rating in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $142.57.

Teradyne Price Performance

Shares of TER opened at $131.91 on Tuesday. Teradyne has a 12 month low of $81.07 and a 12 month high of $163.21. The stock has a fifty day moving average price of $129.28 and a 200 day moving average price of $130.75. The company has a market cap of $21.53 billion, a P/E ratio of 43.39, a PEG ratio of 2.67 and a beta of 1.49.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating 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% compared to the same quarter last year. During the same period last year, the business posted $0.79 earnings per share. As a group, research analysts anticipate that Teradyne will post 3.02 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 annualized dividend and a yield of 0.36%. Teradyne’s dividend payout ratio (DPR) is presently 15.79%.

Insider Buying and Selling at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total transaction of $83,431.25. Following the transaction, the director now owns 16,518 shares of the company’s stock, valued at $2,204,987.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total transaction of $83,431.25. Following the completion of the sale, the director now directly owns 16,518 shares in the company, valued at $2,204,987.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,977 shares of company stock valued at $1,979,834 in the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Teradyne

Several institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its holdings in Teradyne by 0.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 109,023 shares of the company’s stock worth $11,831,000 after purchasing an additional 819 shares during the last quarter. Prudential PLC lifted its holdings in Teradyne by 10.3% in the 4th quarter. Prudential PLC now owns 8,212 shares of the company’s stock worth $891,000 after purchasing an additional 768 shares during the last quarter. Shell Asset Management Co. lifted its holdings in Teradyne by 384.0% in the 4th quarter. Shell Asset Management Co. now owns 13,562 shares of the company’s stock worth $1,472,000 after purchasing an additional 10,760 shares during the last quarter. Sei Investments Co. lifted its holdings in Teradyne by 14.5% in the 4th quarter. Sei Investments Co. now owns 274,474 shares of the company’s stock worth $29,786,000 after purchasing an additional 34,744 shares during the last quarter. Finally, Caxton Associates LP acquired a new position in shares of Teradyne during the fourth quarter worth approximately $1,560,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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.