StockNews.com Lowers Teradyne (NASDAQ:TER) to Sell

19 Oct 2024, 07:57 by Scott Moore · The Cerbat Gem

StockNews.com lowered shares of Teradyne (NASDAQ:TER – Free Report) from a hold rating to a sell rating in a research note released on Tuesday.

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. KeyCorp upped their price target on shares of Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, July 12th. UBS Group increased their price target on Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Citigroup reduced their price objective on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Finally, Evercore ISI increased their target price on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Teradyne presently has a consensus rating of “Hold” and a consensus price target of $142.57.

Get Our Latest Research Report on TER

Teradyne Price Performance

NASDAQ TER opened at $126.04 on Tuesday. The business has a fifty day moving average price of $130.24 and a two-hundred day moving average price of $131.33. The stock has a market capitalization of $19.68 billion, a PE ratio of 47.92, a PEG ratio of 2.74 and a beta of 1.49. Teradyne has a fifty-two week low of $81.07 and a fifty-two week high of $163.21.

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

Teradyne Dividend Announcement

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

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now owns 83,816 shares of the company’s stock, valued at $10,896,080. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the transaction, the director now owns 16,518 shares in the company, valued at $2,204,987.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,977 shares of company stock valued at $1,979,834. 0.36% of the stock is currently owned by insiders.

Institutional Trading of Teradyne

Large investors have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new position in Teradyne in the second quarter worth approximately $27,000. Rothschild Investment LLC acquired a new stake in Teradyne in the 2nd quarter valued at $33,000. Quarry LP grew its position in Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after purchasing an additional 169 shares during the period. Tortoise Investment Management LLC increased its stake in Teradyne by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Teradyne by 3,800.0% in the second quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock valued at $52,000 after buying an additional 342 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

About Teradyne

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