Teradyne Inc. (NYSE:TER) dropped 2.7% during trading on Thursday . The stock traded as low as $20.70 and last traded at $20.75, with a volume of 1,373,480 shares. The stock had previously closed at $21.33.

TER has been the topic of several recent analyst reports. Susquehanna boosted their target price on Teradyne from $22.00 to $23.00 and gave the stock a “positive” rating in a report on Monday, March 28th. Zacks Investment Research cut Teradyne from a “buy” rating to a “hold” rating in a report on Tuesday, April 19th. Cowen and Company reissued an “outperform” rating and set a $23.00 target price on shares of Teradyne in a report on Sunday, May 1st. Deutsche Bank AG reissued a “buy” rating on shares of Teradyne in a report on Sunday, June 26th. Finally, Needham & Company LLC initiated coverage on Teradyne in a report on Thursday, July 7th. They set a “buy” rating and a $23.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $22.75.

The firm has a 50-day moving average of $19.85 and a 200-day moving average of $19.71. The stock has a market cap of $4.22 billion and a PE ratio of 19.51.

Teradyne (NYSE:TER) last announced its earnings results on Wednesday, April 27th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. The company had revenue of $431 million for the quarter, compared to analyst estimates of $425.70 million. Teradyne’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 earnings per share. On average, equities analysts anticipate that Teradyne Inc. will post $1.40 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Wednesday, June 1st were given a dividend of $0.06 per share. The ex-dividend date was Friday, May 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.16%.

In other news, Director Daniel W. Christman sold 3,668 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $18.86, for a total transaction of $69,178.48. Following the transaction, the director now directly owns 24,596 shares in the company, valued at $463,880.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Other institutional investors recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Teradyne by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 14,121,381 shares of the company’s stock worth $291,890,000 after buying an additional 77,722 shares during the last quarter. Quantitative Investment Management LLC bought a new position in shares of Teradyne during the fourth quarter worth about $1,056,000. Comerica Bank raised its position in shares of Teradyne by 4.6% in the fourth quarter. Comerica Bank now owns 176,648 shares of the company’s stock worth $3,376,000 after buying an additional 7,756 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Teradyne by 15.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,221,203 shares of the company’s stock valued at $87,252,000 after buying an additional 556,269 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Teradyne by 0.4% in the fourth quarter. Rhumbline Advisers now owns 300,237 shares of the company’s stock valued at $6,206,000 after buying an additional 1,233 shares in the last quarter.

Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries.

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