Teradyne (TER) Shares Gap Down to $45.90

Teradyne, Inc. (NYSE:TER) shares gapped down before the market opened on Monday . The stock had previously closed at $47.69, but opened at $45.90. Teradyne shares last traded at $43.83, with a volume of 2847301 shares trading hands.

Several research analysts recently weighed in on TER shares. Stifel Nicolaus dropped their price target on Teradyne from $47.00 to $42.50 and set a “buy” rating on the stock in a research report on Wednesday, January 23rd. Craig Hallum lowered Teradyne from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Zacks Investment Research raised Teradyne from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Credit Suisse Group reaffirmed a “hold” rating on shares of Teradyne in a research report on Friday, January 25th. Finally, Cowen reaffirmed a “market perform” rating and issued a $50.00 target price (up from $40.00) on shares of Teradyne in a research report on Thursday, April 25th. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Teradyne has an average rating of “Hold” and an average price target of $45.60.

The company has a quick ratio of 3.76, a current ratio of 4.10 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 2.02 and a beta of 1.25.

Teradyne (NYSE:TER) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.10. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. The company had revenue of $494.00 million for the quarter, compared to analyst estimates of $476.23 million. During the same period in the prior year, the firm posted $0.45 EPS. The business’s revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts predict that Teradyne, Inc. will post 2.25 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Wednesday, May 29th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.82%. The ex-dividend date is Tuesday, May 28th. Teradyne’s payout ratio is currently 15.38%.

In other news, CFO Gregory R. Beecher sold 40,296 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $47.97, for a total transaction of $1,932,999.12. Following the transaction, the chief financial officer now owns 46,322 shares of the company’s stock, valued at approximately $2,222,066.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael A. Bradley sold 27,049 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $48.95, for a total value of $1,324,048.55. Following the transaction, the director now directly owns 74,008 shares in the company, valued at approximately $3,622,691.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,345 shares of company stock worth $3,751,648. Insiders own 0.49% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. ETF Managers Group LLC increased its holdings in shares of Teradyne by 11.5% during the 1st quarter. ETF Managers Group LLC now owns 3,147 shares of the semiconductor company’s stock valued at $125,000 after acquiring an additional 325 shares during the last quarter. Quantum Capital Management boosted its stake in Teradyne by 0.9% during the 1st quarter. Quantum Capital Management now owns 37,822 shares of the semiconductor company’s stock valued at $1,507,000 after purchasing an additional 332 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Teradyne by 8.2% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,786 shares of the semiconductor company’s stock valued at $231,000 after purchasing an additional 439 shares during the period. Pinebridge Investments L.P. boosted its stake in Teradyne by 0.4% during the 1st quarter. Pinebridge Investments L.P. now owns 124,978 shares of the semiconductor company’s stock valued at $4,979,000 after purchasing an additional 450 shares during the period. Finally, Boston Partners boosted its stake in Teradyne by 0.3% during the 1st quarter. Boston Partners now owns 188,156 shares of the semiconductor company’s stock valued at $7,496,000 after purchasing an additional 517 shares during the period.

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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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