Teradyne (NASDAQ:TER) Cut to Hold at Wall Street Zen

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

Several other analysts also recently weighed in on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $550.00 target price on shares of Teradyne in a research note on Wednesday, July 29th. UBS Group reduced their price target on Teradyne from $485.00 to $430.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 30th. Weiss Ratings raised Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th. Finally, Robert W. Baird cut shares of Teradyne from an “outperform” rating to a “neutral” rating and set a $420.00 price objective on the stock. in a research note on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and a consensus price target of $405.86.

Teradyne Stock Up 12.7%

Shares of NASDAQ:TER opened at $246.00 on Friday. The company has a market cap of $38.41 billion, a PE ratio of 28.24, a P/E/G ratio of 0.49 and a beta of 1.73. The company’s 50-day moving average price is $349.43 and its 200 day moving average price is $348.83. Teradyne has a fifty-two week low of $151.52 and a fifty-two week high of $487.91.

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

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.52 annualized dividend and a yield of 0.2%. Teradyne’s payout ratio is presently 5.97%.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $35,662,053.60. This represents a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,000 shares of company stock worth $4,416,440 over the last quarter. 0.19% of the stock is owned by insiders.

Institutional Trading of Teradyne

A number of hedge funds and other institutional investors have recently modified their holdings of TER. Community Financial Services Group LLC bought a new stake in Teradyne in the second quarter worth about $29,000. IFG Advisory LLC bought a new position in shares of Teradyne during the 3rd quarter valued at about $26,000. Next Level Wealth Planning LLC bought a new position in shares of Teradyne during the 3rd quarter valued at about $27,000. Elevation Wealth Partners LLC grew its stake in shares of Teradyne by 1,320.0% in 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. Finally, Mcdonald Partners LLC acquired a new position in shares of Teradyne in the 2nd quarter worth approximately $36,000. Institutional investors own 99.77% of the company’s stock.

Key Headlines Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Zacks upgraded Teradyne to Rank #1 (Strong Buy), citing improving earnings prospects. That more bullish outlook may be supporting investor demand. Teradyne upgraded to Strong Buy
• Positive Sentiment: The company introduced Omnyx Edge, an inline board-testing platform for compute, sensing and motion boards used in physical and edge AI. The launch broadens Teradyne’s product opportunity as AI expands beyond data centers. Teradyne introduces Omnyx Edge
• Positive Sentiment: Teradyne declared a quarterly dividend of $0.13 per share, payable December 16 to shareholders of record November 23. This provides a modest return to shareholders, though the announcement alone is unlikely to materially change earnings expectations. Teradyne declares quarterly cash dividend

About Teradyne

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.