Teradyne (NASDAQ:TER) Hits New 52-Week Low - Should You Sell?

Teradyne, Inc. (NASDAQ:TER - Get Free Report) shares reached a new 52-week low on Tuesday . The company traded as low as $87.23 and last traded at $87.91, with a volume of 1053917 shares trading hands. The stock had previously closed at $104.97.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Northland Securities reduced their price objective on Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Cantor Fitzgerald reiterated an "overweight" rating and set a $160.00 price target on shares of Teradyne in a research report on Thursday, January 30th. Morgan Stanley cut shares of Teradyne from an "equal weight" rating to an "underweight" rating and lowered their target price for the stock from $121.00 to $117.00 in a research note on Tuesday, January 21st. JPMorgan Chase & Co. cut their price objective on Teradyne from $158.00 to $145.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Finally, KeyCorp lowered their price target on Teradyne from $180.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $143.14.

Teradyne Trading Down 18.3 %

The firm has a market capitalization of $13.86 billion, a PE ratio of 25.74, a PEG ratio of 2.83 and a beta of 1.46. The business's 50 day simple moving average is $120.87 and its 200 day simple moving average is $121.53.

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Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.56%. Teradyne's payout ratio is 14.41%.

Teradyne declared that its Board of Directors has authorized a share repurchase plan on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Insider Activity at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was 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 74,660 shares in the company, valued at approximately $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sanjay Mehta sold 1,789 shares of the business'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 $215,592.39. Following the completion of the sale, the chief financial officer now owns 33,308 shares of the company's stock, valued at $4,013,947.08. This trade represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock worth $1,013,134 over the last quarter. Insiders own 0.36% of the company's stock.

Institutional Investors Weigh In On Teradyne

Several large investors have recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of Teradyne during the third quarter worth approximately $29,000. Compass Financial Services Inc purchased a new stake in shares of Teradyne during the fourth quarter worth $33,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Teradyne during the fourth quarter worth $34,000. AllSquare Wealth Management LLC raised 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 valued at $38,000 after buying an additional 200 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its stake in shares of Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock worth $39,000 after buying an additional 227 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

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.

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