Teradyne (NASDAQ:TER) Downgraded to Hold Rating by Wall Street Zen

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

A number of other brokerages have also recently issued reports on TER. Robert W. Baird reaffirmed a “neutral” rating and issued a $420.00 target price on shares of Teradyne in a report on Friday, August 21st. UBS Group lifted their price target on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Susquehanna upped their price objective on Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings raised Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $396.80.

Teradyne Trading Down 4.6%

Shares of TER stock opened at $354.97 on Friday. The firm’s fifty day moving average price is $380.37 and its two-hundred day moving average price is $356.92. Teradyne has a 1 year low of $109.56 and a 1 year high of $487.91. The firm has a market capitalization of $55.50 billion, a P/E ratio of 48.69, a PEG ratio of 0.72 and a beta of 1.78.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the company earned $0.57 EPS. Teradyne’s revenue for the quarter was up 103.9% compared to the same quarter last year. As a group, equities research analysts forecast that Teradyne will post 9.1 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, September 4th. Teradyne’s payout ratio is currently 7.13%.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the transaction, the chief executive officer owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. This represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

Institutional Trading of Teradyne

Several institutional investors have recently added to or reduced their stakes in the company. Leeward Financial Partners LLC acquired a new stake in shares of Teradyne in the 2nd quarter valued at $3,735,000. Gouws Capital LLC increased its stake in shares of Teradyne by 96.0% in the 4th quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock valued at $2,966,000 after purchasing an additional 7,505 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Teradyne during the 2nd quarter worth $656,058,000. B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Teradyne during the 2nd quarter worth $4,826,000. Finally, Zweig DiMenna Associates LLC lifted its position in shares of Teradyne by 10.0% during the 4th quarter. Zweig DiMenna Associates LLC now owns 80,629 shares of the company’s stock worth $15,607,000 after buying an additional 7,300 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Teradyne Company Profile

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.