Teradyne (NASDAQ:TER) Shares Down 4.7% – What’s Next?

Teradyne, Inc. (NASDAQ:TER) dropped 4.7% during trading on Monday. The stock traded as low as $381.74 and last traded at $383.85. Approximately 2,720,471 shares were traded during trading, a decline of 23% from the average daily volume of 3,536,399 shares. The stock had previously closed at $402.68.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TER shares. Robert W. Baird restated a “neutral” rating and issued a $420.00 target price on shares of Teradyne in a research note on Friday, August 21st. UBS Group lifted their price target on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Evercore reaffirmed an “outperform” rating and set a $420.00 price target on shares of Teradyne in a research report on Thursday, July 30th. Bank of America upped their price target on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research lowered Teradyne from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $396.80.

Teradyne Stock Down 5.5%

The firm has a market cap of $56.19 billion, a PE ratio of 49.31, a price-to-earnings-growth ratio of 0.78 and a beta of 1.75. The stock has a 50 day moving average price of $382.57 and a two-hundred day moving average price of $373.42.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.38. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The company’s revenue for the quarter was up 103.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.57 earnings per share. As a group, equities analysts anticipate that Teradyne, Inc. will post 9.11 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. Teradyne’s dividend payout ratio is presently 7.13%.

Insider Activity

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $337.83, for a total value of $1,351,320.00. Following the completion of the transaction, the chief executive officer owned 108,495 shares of the company’s stock, valued at approximately $36,652,865.85. This trade represents a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Teradyne

Large investors have recently made changes to their positions in the stock. Community Financial Services Group LLC acquired a new position in Teradyne in the 2nd quarter valued at $29,000. Elevation Wealth Partners LLC boosted its stake in Teradyne by 1,320.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after purchasing an additional 66 shares during the last quarter. Mcdonald Partners LLC acquired a new stake in Teradyne during the 2nd quarter worth $36,000. Hilltop National Bank purchased a new stake in shares of Teradyne during the second quarter worth $41,000. Finally, McIlrath & Eck LLC purchased a new stake in shares of Teradyne during the first quarter worth $30,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Company Profile

Teradyne, Inc is a global provider of automated test equipment and industrial automation solutions. Founded in 1960 and headquartered in North Reading, Massachusetts, the company develops systems that help manufacturers test the performance, quality, and reliability of electronic products and components.

Teradyne’s products include semiconductor test systems used to evaluate integrated circuits, memory devices, and other semiconductor components. The company also provides test solutions for wireless products, storage systems, and complex electronic systems, along with related software, services, and support.

Through its Industrial Automation segment, Teradyne offers collaborative robots from Universal Robots, autonomous mobile robots from Mobile Industrial Robots, and robotic arms and systems for manufacturing and other industrial applications.