Teradyne (NASDAQ:TER) Downgraded to Hold Rating by Zacks Research

Zacks Research cut shares of Teradyne (NASDAQ:TER) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning, MarketBeat.com reports.

Several other equities analysts also recently weighed in on TER. Stifel Nicolaus set a $225.00 target price on Teradyne and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Cantor Fitzgerald restated an “overweight” rating and issued a $240.00 price objective on shares of Teradyne in a report on Tuesday, December 16th. JPMorgan Chase & Co. upped their target price on shares of Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Wall Street Zen upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a report on Monday, September 1st. Finally, Susquehanna restated a “positive” rating and issued a $215.00 price target on shares of Teradyne in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $185.75.

Teradyne Price Performance

Shares of NASDAQ TER opened at $196.63 on Monday. The company has a market capitalization of $30.79 billion, a P/E ratio of 71.50, a P/E/G ratio of 2.06 and a beta of 1.85. The company has a 50 day simple moving average of $180.93 and a 200-day simple moving average of $136.19. Teradyne has a 1 year low of $65.77 and a 1 year high of $205.00.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The business had revenue of $769.21 million during the quarter, compared to analysts’ expectations of $744.20 million. During the same period last year, the business earned $0.90 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, research analysts expect that Teradyne will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th were issued a $0.12 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s dividend payout ratio is presently 17.45%.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the sale, the chief executive officer owned 93,409 shares in the company, valued at $18,804,165.79. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 3,324 shares of company stock worth $583,639 in the last three months. 0.16% of the stock is owned by insiders.

Institutional Trading of Teradyne

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in shares of Teradyne by 13,949.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after buying an additional 2,022,389 shares in the last quarter. Norges Bank acquired a new stake in Teradyne during the 2nd quarter worth $152,854,000. Federated Hermes Inc. lifted its position in Teradyne by 79.7% in the second quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock valued at $340,353,000 after acquiring an additional 1,679,215 shares during the last quarter. AQR Capital Management LLC boosted its stake in Teradyne by 1,612.4% in the first quarter. AQR Capital Management LLC now owns 1,404,752 shares of the company’s stock valued at $113,251,000 after acquiring an additional 1,322,716 shares in the last quarter. Finally, Amundi grew its holdings in shares of Teradyne by 255.3% during the second quarter. Amundi now owns 1,812,001 shares of the company’s stock worth $170,654,000 after purchasing an additional 1,302,025 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

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.