Teradyne (NASDAQ:TER) Stock Price Down 5.4% – Here’s What Happened

Shares of Teradyne, Inc. (NASDAQ:TER) fell 5.4% during trading on Tuesday . The stock traded as low as $331.69 and last traded at $330.8220. 225,703 shares changed hands during trading, a decline of 94% from the average session volume of 3,704,452 shares. The stock had previously closed at $349.83.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Bank of America upped their target price on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Weiss Ratings upgraded Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $550.00 price objective on shares of Teradyne in a research note on Wednesday, July 29th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $465.00 target price on shares of Teradyne in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $396.80.

Teradyne Stock Down 4.9%

The stock’s 50 day moving average is $378.22 and its 200-day moving average is $357.57. The company has a market cap of $51.99 billion, a PE ratio of 45.62, a P/E/G ratio of 0.72 and a beta of 1.78.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.09 by $0.38. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The firm’s revenue was up 103.9% on a year-over-year basis. During the same quarter last year, the business posted $0.57 earnings per share. On average, analysts anticipate that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, September 4th. Teradyne’s dividend payout ratio (DPR) is 7.13%.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the transaction, the chief executive officer directly owned 112,495 shares in the company, valued at $47,810,375. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Teradyne

A number of large investors have recently made changes to their positions in the business. Carolina Wealth Advisors LLC raised its holdings in shares of Teradyne by 42.5% in the second quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company’s stock worth $55,000 after buying an additional 34 shares during the last quarter. Vestor Capital LLC raised its holdings in Teradyne by 15.4% in the 1st quarter. Vestor Capital LLC now owns 285 shares of the company’s stock valued at $85,000 after buying an additional 38 shares during the period. Ashton Thomas Private Wealth LLC increased its position in shares of Teradyne by 5.8% during the second quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company’s stock valued at $352,000 after acquiring an additional 40 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Teradyne by 1.8% in the 4th quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock valued at $444,000 after acquiring an additional 40 shares during the period. Finally, Stephens Inc. AR lifted its holdings in shares of Teradyne by 1.2% in the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock worth $645,000 after acquiring an additional 41 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

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.