Teradyne (NASDAQ:TER) Reaches New 12-Month Low - What's Next?

Teradyne, Inc. (NASDAQ:TER - Get Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as $76.84 and last traded at $76.22, with a volume of 544986 shares traded. The stock had previously closed at $83.62.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TER shares. JPMorgan Chase & Co. reduced their price target on shares of Teradyne from $145.00 to $120.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. Bank of America cut their price target on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a research report on Wednesday, March 12th. Cantor Fitzgerald decreased their price objective on Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Stifel Nicolaus dropped their target price on Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a report on Wednesday, March 12th. Finally, TD Cowen cut their price target on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $121.44.

Teradyne Stock Performance

The company has a fifty day moving average of $101.46 and a two-hundred day moving average of $115.12. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 2.83 and a beta of 1.65.

Remove Ads

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results 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%. Equities analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, February 14th. Teradyne's dividend payout ratio is currently 14.41%.

Insider Transactions at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction that occurred on Tuesday, January 28th. The stock was 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 directly owns 33,308 shares in the company, valued at approximately $4,013,947.08. The trade was a 5.10 % 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, insider Richard John Burns sold 407 shares of the firm's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $49,047.57. Following the completion of the sale, the insider now owns 20,764 shares of the company's stock, valued at $2,502,269.64. The trade was a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,399 shares of company stock worth $612,734 over the last three months. 0.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On Teradyne

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

About Teradyne

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.