Teradyne (NASDAQ:TER) Shares Gap Down - What's Next?

Shares of Teradyne, Inc. (NASDAQ:TER - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $124.43, but opened at $118.20. Teradyne shares last traded at $113.26, with a volume of 541,844 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TER. Stifel Nicolaus lifted their price target on shares of Teradyne from $100.00 to $150.00 and gave the stock a "hold" rating in a research report on Tuesday, July 16th. Cantor Fitzgerald upgraded Teradyne from a "neutral" rating to an "overweight" rating and set a $160.00 target price on the stock in a report on Friday, August 16th. Citigroup reduced their target price on Teradyne from $185.00 to $162.00 and set a "buy" rating for the company in a report on Friday, July 26th. Robert W. Baird lifted their price target on Teradyne from $120.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday, July 29th. Finally, KeyCorp boosted their price objective on Teradyne from $160.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday, July 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $142.57.

Teradyne Stock Performance

The company's 50 day simple moving average is $130.26 and its two-hundred day simple moving average is $131.85. The stock has a market cap of $18.07 billion, a price-to-earnings ratio of 36.42, a price-to-earnings-growth ratio of 2.57 and a beta of 1.49.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, topping 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%. Teradyne's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 earnings per share. On average, equities research analysts predict that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders 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 dividend yield of 0.43%. The ex-dividend date of this dividend was Thursday, September 5th. Teradyne's dividend payout ratio (DPR) is presently 15.79%.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 83,816 shares in the company, valued at $10,896,080. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction dated Wednesday, September 11th. The stock was 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 in the company, valued at approximately $10,896,080. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the completion of the transaction, the director now directly owns 17,143 shares in the company, valued at $2,207,504.11. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,977 shares of company stock worth $1,979,834 in the last three months. 0.36% of the stock is owned by insiders.

Institutional Trading of Teradyne

Institutional investors and hedge funds have recently modified their holdings of the company. Chesley Taft & Associates LLC boosted its stake in Teradyne by 18.6% during the 1st quarter. Chesley Taft & Associates LLC now owns 13,440 shares of the company's stock valued at $1,516,000 after purchasing an additional 2,110 shares during the period. Bouvel Investment Partners LLC increased its position in Teradyne by 0.5% during the first quarter. Bouvel Investment Partners LLC now owns 22,779 shares of the company's stock worth $2,570,000 after acquiring an additional 112 shares during the period. Thrive Wealth Management LLC increased its position in Teradyne by 7.7% during the first quarter. Thrive Wealth Management LLC now owns 2,567 shares of the company's stock worth $290,000 after acquiring an additional 184 shares during the period. Capital Asset Advisory Services LLC raised its stake in Teradyne by 4.7% during the 1st quarter. Capital Asset Advisory Services LLC now owns 3,892 shares of the company's stock valued at $418,000 after purchasing an additional 176 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new stake in Teradyne in the 1st quarter valued at $113,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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.