Teradyne, Inc. (NASDAQ:TER) Sees Large Decline in Short Interest

Teradyne, Inc. (NASDAQ:TER - Get Free Report) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 5,880,000 shares, a decline of 12.9% from the February 28th total of 6,750,000 shares. Approximately 3.7% of the company's stock are short sold. Based on an average trading volume of 3,040,000 shares, the days-to-cover ratio is presently 1.9 days.

Wall Street Analysts Forecast Growth

TER has been the subject of several analyst reports. Susquehanna decreased their price objective on Teradyne from $165.00 to $155.00 and set a "positive" rating for the company in a report on Wednesday, March 12th. JPMorgan Chase & Co. decreased their price target on 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 lowered their price target on Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a research report on Wednesday, March 12th. KeyCorp cut their price objective on Teradyne from $150.00 to $140.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Finally, Cantor Fitzgerald decreased their target price on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Teradyne currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.44.

Remove Ads

Teradyne Stock Performance

Shares of NASDAQ TER traded down $8.53 during trading hours on Thursday, reaching $75.09. 5,071,812 shares of the stock were exchanged, compared to its average volume of 2,417,330. The stock's fifty day simple moving average is $104.77 and its 200 day simple moving average is $116.43. The firm has a market capitalization of $12.14 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 2.83 and a beta of 1.46. Teradyne has a 52 week low of $74.39 and a 52 week high of $163.21.

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

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.64%. Teradyne's payout ratio is presently 14.41%.

Insider Activity at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sanjay Mehta sold 614 shares of the firm'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 transaction of $62,628.00. Following the transaction, the chief financial officer now directly owns 30,446 shares of the company's stock, valued at $3,105,492. This represents a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, 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 Investors Weigh In On Teradyne

Hedge funds and other institutional investors have recently made changes to their positions in the business. Compass Financial Services Inc acquired a new stake in Teradyne during the fourth quarter worth approximately $33,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Teradyne during the 4th quarter worth $34,000. AllSquare Wealth Management LLC increased its position in shares of Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock worth $38,000 after purchasing an additional 200 shares during the period. Manchester Capital Management LLC raised its stake in Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after purchasing an additional 227 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Teradyne during the fourth quarter worth about $45,000. 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.