Teradyne, Inc. (NASDAQ:TER) Short Interest Down 12.9% in March

Teradyne, Inc. (NASDAQ:TER) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 5,880,000 shares, a decline of 12.9% from the February 28th total of 6,750,000 shares. Based on an average daily volume of 3,040,000 shares, the short-interest ratio is currently 1.9 days. Currently, 3.7% of the company’s shares are short sold.

Insider Activity at Teradyne

In other Teradyne news, insider Richard John Burns sold 407 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the transaction, the insider now directly owns 20,764 shares in the company, valued at $2,502,269.64. This represents a 1.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sanjay Mehta sold 614 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total transaction of $62,628.00. Following the completion of the sale, the chief financial officer now owns 30,446 shares of the company’s stock, valued at approximately $3,105,492. This represents a 1.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,399 shares of company stock worth $612,734. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Teradyne

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its position in Teradyne by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after buying an additional 104 shares during the period. Cerity Partners LLC boosted its stake in shares of Teradyne by 87.1% during the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after acquiring an additional 5,294 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Teradyne during the 3rd quarter valued at about $194,000. Townsquare Capital LLC purchased a new position in shares of Teradyne in the 3rd quarter valued at about $312,000. Finally, Glenmede Trust Co. NA raised its holdings in Teradyne by 24.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,998 shares of the company’s stock worth $268,000 after purchasing an additional 393 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Trading Down 10.2 %

TER opened at $75.09 on Friday. The firm has a 50 day moving average of $103.64 and a two-hundred day moving average of $116.15. The firm has a market capitalization of $12.14 billion, a PE ratio of 22.55, a P/E/G ratio of 2.83 and a beta of 1.46. Teradyne has a 12-month low of $74.39 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. As a group, analysts predict that Teradyne will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a $0.12 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.64%. Teradyne’s dividend payout ratio is presently 14.41%.

Analysts Set New Price Targets

A number of brokerages have commented on TER. TD Cowen reduced their target price on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. Morgan Stanley decreased their target price on shares of Teradyne from $112.00 to $81.00 and set an “underweight” rating for the company in a research report on Friday, March 14th. JPMorgan Chase & Co. cut their price target on shares of Teradyne from $145.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Stifel Nicolaus decreased their price objective on Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a report on Wednesday, March 12th. Finally, Citigroup lowered their price objective on Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and an average target price of $121.44.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.