Teradyne (NASDAQ:TER) Downgraded to “Sell” at StockNews.com

16 Oct 2024, 09:12 by Michael Walen · The Markets Daily

StockNews.com cut shares of Teradyne (NASDAQ:TER – Free Report) from a hold rating to a sell rating in a report issued on Tuesday morning.

A number of other equities research analysts have also recently weighed in on the company. KeyCorp lifted their price objective on Teradyne from $160.00 to $180.00 and gave the company an overweight rating in a research note on Friday, July 12th. JPMorgan Chase & Co. boosted their price target on shares of Teradyne from $120.00 to $145.00 and gave the stock a neutral rating in a research note on Tuesday, July 23rd. Robert W. Baird raised their price objective on shares of Teradyne from $120.00 to $140.00 and gave the company an outperform rating in a research note on Monday, July 29th. Cantor Fitzgerald raised shares of Teradyne from a neutral rating to an overweight rating and set a $160.00 target price on the stock in a research note on Friday, August 16th. Finally, Stifel Nicolaus raised their price target on shares of Teradyne from $100.00 to $150.00 and gave the company a hold rating in a research report on Tuesday, July 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $142.57.

Read Our Latest Research Report on Teradyne

Teradyne Trading Down 4.7 %

Shares of TER opened at $127.36 on Tuesday. The company’s 50-day moving average price is $129.81 and its 200 day moving average price is $131.29. Teradyne has a 12-month low of $81.07 and a 12-month high of $163.21. The firm has a market cap of $19.88 billion, a P/E ratio of 48.43, a price-to-earnings-growth ratio of 2.64 and a beta of 1.49.

Teradyne (NASDAQ:TER – Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The business had revenue of $729.88 million for the quarter, compared to the consensus estimate of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 EPS. Equities research analysts forecast that Teradyne will post 3.02 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 0.38%. Teradyne’s dividend payout ratio is currently 18.25%.

Insider Activity

In related news, insider Richard John Burns sold 789 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the sale, the insider now owns 21,864 shares in the company, valued at $2,903,539.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Richard John Burns sold 789 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the transaction, the insider now directly owns 21,864 shares of the company’s stock, valued at $2,903,539.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $83,000.00. Following the completion of the sale, the director now directly owns 15,893 shares of the company’s stock, valued at approximately $2,110,590.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,977 shares of company stock worth $1,979,834. 0.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TER. Congress Asset Management Co. MA grew its position in shares of Teradyne by 2.9% during the fourth quarter. Congress Asset Management Co. MA now owns 3,860 shares of the company’s stock worth $419,000 after acquiring an additional 110 shares during the last quarter. Vanguard Group Inc. increased its stake in Teradyne by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 18,285,900 shares of the company’s stock valued at $1,984,386,000 after purchasing an additional 89,511 shares during the period. HighPoint Advisor Group LLC acquired a new position in Teradyne in the fourth quarter valued at $440,000. CWM LLC raised its holdings in shares of Teradyne by 14.1% in the first quarter. CWM LLC now owns 3,026 shares of the company’s stock valued at $341,000 after buying an additional 373 shares during the last quarter. Finally, Mather Group LLC. purchased a new position in shares of Teradyne during the first quarter worth about $53,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Company Profile

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