Teradyne (NASDAQ:TER) Reaches New 1-Year Low - Should You Sell?

Teradyne, Inc. (NASDAQ:TER - Get Free Report) hit a new 52-week low on Friday . The company traded as low as $82.86 and last traded at $83.58, with a volume of 736294 shares traded. The stock had previously closed at $85.68.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TER. Morgan Stanley cut their target price on Teradyne from $112.00 to $81.00 and set an "underweight" rating on the stock in a research note on Friday, March 14th. Robert W. Baird cut their price objective on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. UBS Group set a $130.00 target price on shares of Teradyne and gave the company a "buy" rating in a research report on Wednesday, March 12th. Northland Capmk raised shares of Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their price target on Teradyne from $145.00 to $120.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $121.44.

Teradyne Trading Up 0.0 %

The firm has a 50-day simple moving average of $105.79 and a two-hundred day simple moving average of $116.66. The company has a market capitalization of $13.36 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 2.83 and a beta of 1.46.

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Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 EPS 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%. Equities research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The firm also recently declared 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 yield of 0.58%. Teradyne's dividend payout ratio is currently 14.41%.

Insider Buying and Selling at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 614 shares of the business'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 completion of the sale, the chief financial officer now directly owns 30,446 shares in the company, valued at approximately $3,105,492. The trade was a 1.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard John Burns sold 407 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the transaction, the insider now owns 20,764 shares in the company, valued at approximately $2,502,269.64. This trade represents a 1.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,479 shares of company stock valued at $1,013,134. Company insiders own 0.36% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Teradyne during the fourth quarter worth $270,989,000. Van ECK Associates Corp lifted its stake in Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after purchasing an additional 1,846,079 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Teradyne in the 4th quarter worth approximately $160,087,000. Ameriprise Financial Inc. boosted its holdings in shares of Teradyne by 28.3% during the 4th quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock worth $608,025,000 after purchasing an additional 1,065,474 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its position in shares of Teradyne by 142.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,522,537 shares of the company's stock valued at $191,718,000 after purchasing an additional 894,849 shares in the last quarter. 99.77% of the stock is 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.