Teradyne (NASDAQ:TER) Shares Gap Down – Should You Sell?

Shares of Teradyne, Inc. (NASDAQ:TER) gapped down before the market opened on Monday . The stock had previously closed at $379.72, but opened at $347.12. Teradyne shares last traded at $345.0780, with a volume of 437,045 shares.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Susquehanna upped their price target on Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. Bank of America boosted their price objective on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Morgan Stanley upped their target price on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $550.00 target price on shares of Teradyne in a research note on Wednesday, July 29th. Finally, Weiss Ratings lowered shares of Teradyne from a “buy (b)” rating to a “hold (c+)” rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $396.80.

Teradyne Trading Down 11.4%

The company has a market cap of $52.58 billion, a price-to-earnings ratio of 46.12, a P/E/G ratio of 0.77 and a beta of 1.78. The stock has a 50 day moving average price of $365.59 and a two-hundred day moving average price of $360.34.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The firm’s quarterly revenue was up 103.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 earnings per share. On average, equities analysts forecast that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, September 4th. Teradyne’s dividend payout ratio is presently 7.13%.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the sale, the chief executive officer directly owned 112,495 shares in the company, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Teradyne

Large investors have recently modified their holdings of the business. Community Financial Services Group LLC bought a new position in shares of Teradyne during the 2nd quarter valued at about $29,000. Elevation Wealth Partners LLC boosted its holdings in shares of Teradyne by 1,320.0% in the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after buying an additional 66 shares during the period. Mcdonald Partners LLC bought a new stake in shares of Teradyne during the second quarter worth $36,000. Hilltop National Bank bought a new stake in shares of Teradyne during the second quarter worth $41,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of Teradyne during the first quarter worth $30,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Company Profile

Teradyne, Inc (NASDAQ: TER) develops and supplies automated test equipment and industrial automation solutions. Its testing products are used by semiconductor, electronics, wireless, storage and other manufacturers to evaluate the performance and quality of components, devices and systems during production.

The company’s semiconductor test business provides systems for testing logic, memory, analog and mixed-signal devices, along with related handlers and software. Teradyne also offers system and product test solutions for electronic equipment and wireless devices.