Teradyne Inc. (NYSE:TER) was down 2.7% during mid-day 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.

Several equities research analysts have recently issued reports on TER shares. Zacks Investment Research upgraded Teradyne from a “sell” rating to a “hold” rating in a report on Tuesday. Needham & Company LLC started coverage on Teradyne in a report on Thursday, July 7th. They set a “buy” rating and a $23.00 price objective on the stock. Stifel Nicolaus cut Teradyne from a “buy” rating to a “hold” rating in a report on Wednesday. They noted that the move was a valuation call. Cowen and Company restated an “outperform” rating and set a $23.00 price objective on shares of Teradyne in a report on Sunday, May 1st. Finally, Susquehanna raised their price objective on Teradyne from $22.00 to $23.00 and gave the stock a “positive” rating in a report on Monday, March 28th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Teradyne currently has a consensus rating of “Buy” and a consensus target price of $22.75.

The firm has a market cap of $4.24 billion and a price-to-earnings ratio of 19.62. The stock has a 50 day moving average price of $19.91 and a 200 day moving average price of $19.72.

Teradyne (NYSE:TER) last announced its earnings results on Wednesday, April 27th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. During the same period last year, the firm earned $0.17 earnings per share. The firm 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% compared to the same quarter last year. On average, equities research analysts predict that Teradyne Inc. will post $1.40 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Wednesday, June 1st were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, May 27th.

In other Teradyne news, Director Daniel W. Christman sold 3,668 shares of the business’s stock in a transaction 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 sale, the director now directly owns 24,596 shares of the company’s stock, valued at approximately $463,880.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

A number of hedge funds have recently made changes to their positions in TER. Quantitative Investment Management LLC purchased a new stake in shares of Teradyne during the fourth quarter valued at about $1,056,000. KBC Group NV boosted its position in Teradyne by 50.0% in the fourth quarter. KBC Group NV now owns 51,913 shares of the company’s stock valued at $1,073,000 after buying an additional 17,307 shares in the last quarter. US Bancorp DE boosted its position in Teradyne by 38.1% in the fourth quarter. US Bancorp DE now owns 68,199 shares of the company’s stock valued at $1,410,000 after buying an additional 18,814 shares in the last quarter. Systematic Financial Management LP bought a new position in Teradyne during the fourth quarter valued at approximately $1,769,000. Finally, Airain ltd bought a new position in Teradyne during the fourth quarter valued at approximately $2,245,000.

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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