Teradyne (NASDAQ:TER) Stock Dropped to “Hold” by Wall Street Zen

Wall Street Zen cut shares of Teradyne (NASDAQ:TER – Free Report) from a buy rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

A number of other analysts also recently issued reports on the company. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 30th. Robert W. Baird cut shares of Teradyne from an “outperform” rating to a “neutral” rating and set a $420.00 target price on the stock. in a research report on Friday, August 21st. Weiss Ratings raised shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, September 29th. The Goldman Sachs Group set a $440.00 target price on shares of Teradyne in a research note on Wednesday, October 28th. Finally, Evercore reiterated an “outperform” rating and set a $420.00 price target on shares of Teradyne in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $405.86.

Get Our Latest Analysis on Teradyne

Teradyne Stock Performance

Shares of Teradyne stock opened at $218.21 on Friday. The stock has a 50 day moving average of $351.61 and a 200 day moving average of $348.76. The firm has a market capitalization of $34.07 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 0.43 and a beta of 1.73. Teradyne has a fifty-two week low of $151.52 and a fifty-two week high of $487.91.

Teradyne (NASDAQ:TER – Get Free Report) last posted its earnings results on Tuesday, October 27th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.20. Teradyne had a return on equity of 43.81% and a net margin of 27.46%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The company’s revenue for the quarter was up 69.8% on a year-over-year basis. Analysts forecast that Teradyne will post 9.41 EPS for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, September 4th. Teradyne’s dividend payout ratio (DPR) is currently 5.97%.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Smith sold 4,000 shares of Teradyne stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $341.28, for a total value of $1,365,120.00. Following the completion of the sale, the chief executive officer directly owned 104,495 shares of the company’s stock, valued at approximately $35,662,053.60. The trade was a 3.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,000 shares of company stock valued at $4,416,440 over the last ninety days. Insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Hedge funds and other institutional investors have recently bought and sold shares of the company. Next Level Wealth Planning LLC acquired a new stake in shares of Teradyne during the third quarter worth about $27,000. Community Financial Services Group LLC purchased a new position in shares of Teradyne in the second quarter valued at approximately $29,000. McIlrath & Eck LLC purchased a new position in shares of Teradyne in the first quarter valued at approximately $30,000. Elevation Wealth Partners LLC grew 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 purchasing an additional 66 shares in the last quarter. Finally, Signature Equity Partners LLC grew its holdings in shares of Teradyne by 97.7% in the third quarter. Signature Equity Partners LLC now owns 87 shares of the company’s stock valued at $35,000 after purchasing an additional 43 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

More Teradyne News

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Teradyne Company Profile

(Get Free Report)

Teradyne, Inc develops and supplies automated test equipment and robotics used by manufacturers around the world. Its test systems help customers evaluate the performance and reliability of semiconductor devices, electronic products, wireless components and storage products.

The company’s offerings include semiconductor test systems, system-level test equipment and wireless test solutions. Teradyne also serves industrial automation markets through Universal Robots, which makes collaborative robots, and Mobile Industrial Robots, which develops autonomous mobile robots for moving materials in factories and other facilities.

Founded in 1960 and headquartered in North Reading, Massachusetts, Teradyne serves customers across global markets.

Further Reading

Analyst Recommendations for Teradyne (NASDAQ:TER)

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