Teradyne (NASDAQ:TER) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of Teradyne (NASDAQ:TER - Free Report) from a sell rating to a hold rating in a report released on Sunday morning.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Teradyne from $120.00 to $145.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 23rd. Robert W. Baird dropped their price objective on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a research note on Friday. Citigroup decreased their target price on shares of Teradyne from $185.00 to $162.00 and set a "buy" rating for the company in a research note on Friday, July 26th. Stifel Nicolaus dropped their price target on Teradyne from $140.00 to $125.00 and set a "hold" rating on the stock in a research report on Friday. Finally, Northland Capmk downgraded Teradyne from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $138.71.

Teradyne Stock Performance

Shares of NASDAQ:TER traded up $1.03 on Friday, hitting $111.75. 3,573,702 shares of the company's stock were exchanged, compared to its average volume of 2,021,266. Teradyne has a 1-year low of $81.07 and a 1-year high of $163.21. The company has a market capitalization of $17.45 billion, a PE ratio of 42.49, a P/E/G ratio of 2.57 and a beta of 1.49. The firm's 50-day moving average is $129.41 and its 200 day moving average is $132.05.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.12. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The business had revenue of $737.30 million during the quarter, compared to analysts' expectations of $716.40 million. During the same quarter in the prior year, the business posted $0.80 EPS. The company's revenue for the quarter was up 4.8% on a year-over-year basis. On average, analysts anticipate that Teradyne will post 3.02 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders 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 0.43%. Teradyne's payout ratio is currently 18.25%.

Insider Transactions at Teradyne

In other news, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 directly owns 21,864 shares in the company, valued at approximately $2,903,539.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the sale, the chief financial officer now directly owns 35,834 shares of the company's stock, valued at approximately $4,768,072.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard John Burns sold 789 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the transaction, the insider now owns 21,864 shares of the company's stock, valued at $2,903,539.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,977 shares of company stock valued at $1,979,834 in the last ninety days. 0.36% of the stock is currently owned by company insiders.

Institutional Trading of Teradyne

Several large investors have recently modified their holdings of the business. Financial Advocates Investment Management boosted its stake in shares of Teradyne by 5.0% during the third quarter. Financial Advocates Investment Management now owns 3,427 shares of the company's stock valued at $459,000 after acquiring an additional 164 shares during the last quarter. SteelPeak Wealth LLC acquired a new stake in shares of Teradyne during the 3rd quarter worth about $841,000. First Trust Direct Indexing L.P. grew its holdings in shares of Teradyne by 19.1% during the third quarter. First Trust Direct Indexing L.P. now owns 5,599 shares of the company's stock worth $750,000 after buying an additional 897 shares in the last quarter. Integrated Advisors Network LLC acquired a new position in shares of Teradyne in the third quarter valued at approximately $710,000. Finally, abrdn plc boosted its position in Teradyne by 0.6% during the third quarter. abrdn plc now owns 60,483 shares of the company's stock worth $8,009,000 after acquiring an additional 333 shares during the last quarter. 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.