Teradyne (NASDAQ:TER) Shares Down 8.2% – Time to Sell?

Teradyne, Inc. (NASDAQ:TER) was down 8.2% during mid-day trading on Friday . The company traded as low as $279.08 and last traded at $280.59. Approximately 2,429,816 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 3,503,679 shares. The stock had previously closed at $305.58.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TER. Citigroup boosted their target price on shares of Teradyne from $215.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Teradyne in a research report on Thursday, January 22nd. Royal Bank Of Canada set a $270.00 price objective on shares of Teradyne in a research report on Monday, February 2nd. Bank of America boosted their target price on shares of Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group increased their price objective on Teradyne from $230.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $256.24.

Teradyne Trading Down 9.3%

The company has a fifty day moving average price of $263.65 and a 200-day moving average price of $191.67. The firm has a market cap of $43.40 billion, a price-to-earnings ratio of 79.66, a PEG ratio of 1.89 and a beta of 1.76.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.44. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.Teradyne’s revenue for the quarter was up 43.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. As a group, research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is 14.94%.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the sale, the chief executive officer owned 93,409 shares of the company’s stock, valued at $18,804,165.79. This represents a 1.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by company insiders.

Institutional Trading of Teradyne

Several hedge funds have recently made changes to their positions in TER. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Teradyne in the 4th quarter valued at $28,000. Root Financial Partners LLC acquired a new stake in shares of Teradyne in the 3rd quarter valued at about $31,000. Davidson Capital Management Inc. purchased a new position in shares of Teradyne during the third quarter worth approximately $31,000. CYBER HORNET ETFs LLC purchased a new position in Teradyne during the 2nd quarter worth $35,000. Finally, Hemington Wealth Management increased its position in Teradyne by 43.2% in the 3rd quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after acquiring an additional 79 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

About Teradyne

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.