Teradyne, Inc. (NYSE:TER)’s share price was down 2.8% during mid-day trading on Friday . The stock traded as low as $43.50 and last traded at $43.85. Approximately 59,379 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 2,297,048 shares. The stock had previously closed at $45.09.
TER has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating and set a $55.00 price target on the stock in a research note on Friday, April 26th. Stifel Nicolaus upped their price target on shares of Teradyne from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Cowen reaffirmed a “market perform” rating and set a $50.00 price target (up from $40.00) on shares of Teradyne in a research note on Thursday, April 25th. DA Davidson upped their price target on shares of Teradyne to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, Craig Hallum cut shares of Teradyne from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $45.60.
The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.76 and a current ratio of 4.10. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25.
Teradyne (NYSE:TER) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.10. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The business had revenue of $494.00 million for the quarter, compared to analysts’ expectations of $476.23 million. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. Research analysts predict that Teradyne, Inc. will post 2.25 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Wednesday, May 29th will be given a $0.09 dividend. The ex-dividend date is Tuesday, May 28th. This represents a $0.36 annualized dividend and a dividend yield of 0.82%. Teradyne’s dividend payout ratio is presently 15.38%.
In related news, CFO Gregory R. Beecher sold 40,296 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $47.97, for a total value of $1,932,999.12. Following the sale, the chief financial officer now directly owns 46,322 shares in the company, valued at approximately $2,222,066.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael A. Bradley sold 27,049 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $48.95, for a total transaction of $1,324,048.55. Following the completion of the sale, the director now owns 74,008 shares in the company, valued at $3,622,691.60. The disclosure for this sale can be found here. Insiders sold a total of 77,345 shares of company stock worth $3,751,648 over the last quarter. Insiders own 0.49% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. purchased a new stake in shares of Teradyne in the 1st quarter worth about $29,000. PRW Wealth Management LLC purchased a new stake in shares of Teradyne in the 4th quarter worth about $27,000. Exane Derivatives purchased a new stake in shares of Teradyne in the 1st quarter worth about $36,000. Capital Financial Planning LLC purchased a new stake in shares of Teradyne in the 4th quarter worth about $31,000. Finally, Zions Bancorporation N.A. purchased a new position in Teradyne in the 1st quarter valued at about $50,000.
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Teradyne Company Profile (NYSE:TER)
Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.
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