Teradyne, Inc. (NASDAQ:TER) Sees Significant Increase in Short Interest

Teradyne, Inc. (NASDAQ:TER - Get Free Report) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 6,750,000 shares, a growth of 18.2% from the February 13th total of 5,710,000 shares. Currently, 4.3% of the company's stock are short sold. Based on an average trading volume of 2,830,000 shares, the days-to-cover ratio is currently 2.4 days.

Teradyne Stock Down 0.8 %

TER stock traded down $0.67 during trading on Friday, reaching $87.51. The company's stock had a trading volume of 5,930,137 shares, compared to its average volume of 2,294,772. Teradyne has a 1 year low of $82.98 and a 1 year high of $163.21. The company has a market capitalization of $14.15 billion, a P/E ratio of 26.28, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. The company's fifty day moving average is $112.72 and its 200-day moving average is $118.73.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Analysts anticipate that Teradyne will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne's dividend payout ratio (DPR) is presently 14.41%.

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Analyst Ratings Changes

TER has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on shares of Teradyne from $145.00 to $120.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Stifel Nicolaus decreased their target price on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research note on Wednesday, March 12th. Northland Capmk upgraded shares of Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Citigroup decreased their target price on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Finally, KeyCorp decreased their target price on shares of Teradyne from $150.00 to $140.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.44.

Insider Activity at Teradyne

In related news, VP Ryan Driscoll sold 437 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $44,574.00. Following the transaction, the vice president now directly owns 4,312 shares of the company's stock, valued at approximately $439,824. This represents a 9.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The shares were 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 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TER. Compass Financial Services Inc bought a new position in shares of Teradyne during the 4th quarter valued at about $33,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Teradyne in the 4th quarter valued at about $34,000. AllSquare Wealth Management LLC lifted its holdings in shares of Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after acquiring an additional 200 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in shares of Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after acquiring an additional 227 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Teradyne in the 4th quarter valued at about $45,000. Institutional investors own 99.77% of the company's stock.

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.