Teradyne (NASDAQ:TER) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Teradyne (NASDAQ:TER) from a buy rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

Other equities research analysts also recently issued reports about the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $465.00 price target on shares of Teradyne in a report on Tuesday, July 28th. Susquehanna lifted their price objective on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a report on Tuesday, June 30th. Robert W. Baird reiterated a “neutral” rating and set a $420.00 target price on shares of Teradyne in a research note on Friday, August 21st. Weiss Ratings cut shares of Teradyne from a “buy (b)” rating to a “hold (c+)” rating in a report on Thursday, September 3rd. Finally, Morgan Stanley increased their target price on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $396.80.

Teradyne Stock Performance

Shares of TER stock opened at $379.72 on Friday. The stock has a market capitalization of $59.37 billion, a price-to-earnings ratio of 52.09, a PEG ratio of 0.77 and a beta of 1.78. Teradyne has a one year low of $109.56 and a one year high of $487.91. The company’s 50-day simple moving average is $365.59 and its 200-day simple moving average is $360.05.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the company earned $0.57 earnings per share. Teradyne’s quarterly revenue was up 103.9% on a year-over-year basis. As a group, research analysts forecast that Teradyne will post 9.1 EPS for the current year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 4th. Teradyne’s dividend payout ratio (DPR) is 7.13%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Teradyne

Several hedge funds and other institutional investors have recently made changes to their positions in TER. ABS Direct Equity Fund LLC grew its holdings in Teradyne by 142.0% in the 2nd quarter. ABS Direct Equity Fund LLC now owns 968 shares of the company’s stock worth $468,000 after buying an additional 568 shares in the last quarter. Palogic Value Management L.P. bought a new stake in Teradyne during the 2nd quarter valued at $236,000. Sequoia Financial Advisors LLC boosted its position in Teradyne by 1.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 9,114 shares of the company’s stock worth $4,410,000 after acquiring an additional 113 shares during the period. IPG Investment Advisors LLC acquired a new position in Teradyne during the 2nd quarter worth $261,000. Finally, MCF Advisors LLC grew its stake in shares of Teradyne by 20,180.0% in the second quarter. MCF Advisors LLC now owns 2,028 shares of the company’s stock worth $981,000 after purchasing an additional 2,018 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

About Teradyne

Teradyne, Inc (NASDAQ: TER) develops and supplies automated test equipment and industrial automation solutions. Its testing products are used by semiconductor, electronics, wireless, storage and other manufacturers to evaluate the performance and quality of components, devices and systems during production.

The company’s semiconductor test business provides systems for testing logic, memory, analog and mixed-signal devices, along with related handlers and software. Teradyne also offers system and product test solutions for electronic equipment and wireless devices.