Craig Hallum Lowers Teradyne (NASDAQ:TER) to Hold

Craig Hallum downgraded shares of Teradyne (NASDAQ:TERGet Rating) from a buy rating to a hold rating in a research report released on Thursday, Marketbeat Ratings reports. They currently have $96.00 target price on the stock, down from their previous target price of $138.00.

Other equities research analysts have also recently issued reports about the company. Citigroup cut their target price on Teradyne from $130.00 to $112.00 and set a buy rating on the stock in a research note on Thursday. JPMorgan Chase & Co. started coverage on shares of Teradyne in a research note on Tuesday, July 5th. They set a neutral rating and a $120.00 price objective on the stock. Loop Capital cut their price objective on shares of Teradyne from $158.00 to $132.00 and set a buy rating on the stock in a research note on Tuesday, June 28th. Bank of America cut shares of Teradyne from a buy rating to a neutral rating and cut their price objective for the company from $140.00 to $110.00 in a research note on Wednesday, June 29th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Teradyne from $120.00 to $100.00 in a research note on Monday, July 18th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $124.55.

Teradyne Stock Performance

TER stock opened at $100.89 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.97 and a current ratio of 3.33. The stock has a market capitalization of $16.16 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 2.91 and a beta of 1.53. Teradyne has a 1 year low of $82.97 and a 1 year high of $168.91. The stock’s fifty day moving average is $96.84 and its two-hundred day moving average is $109.41.

Teradyne (NASDAQ:TERGet Rating) last posted its earnings results on Tuesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.07. Teradyne had a return on equity of 40.67% and a net margin of 26.58%. During the same period in the previous year, the business earned $1.91 EPS. On average, research analysts predict that Teradyne will post 4.8 EPS for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Wednesday, May 25th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, May 24th. This represents a $0.44 annualized dividend and a yield of 0.44%. Teradyne’s dividend payout ratio (DPR) is presently 8.18%.

Insider Buying and Selling at Teradyne

In other Teradyne news, insider Brad Robbins sold 3,145 shares of Teradyne stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $89.49, for a total transaction of $281,446.05. Following the transaction, the insider now owns 44,755 shares of the company’s stock, valued at approximately $4,005,124.95. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Teradyne

Several large investors have recently made changes to their positions in TER. Signaturefd LLC grew its stake in shares of Teradyne by 38.8% in the 4th quarter. Signaturefd LLC now owns 526 shares of the company’s stock valued at $86,000 after buying an additional 147 shares in the last quarter. Regentatlantic Capital LLC bought a new stake in shares of Teradyne in the 4th quarter valued at approximately $282,000. State of Michigan Retirement System grew its stake in shares of Teradyne by 3.5% in the 4th quarter. State of Michigan Retirement System now owns 44,200 shares of the company’s stock valued at $7,228,000 after buying an additional 1,500 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Teradyne by 69.4% in the 4th quarter. Bessemer Group Inc. now owns 6,946 shares of the company’s stock valued at $1,135,000 after buying an additional 2,845 shares in the last quarter. Finally, National Asset Management Inc. grew its stake in shares of Teradyne by 11.9% in the 4th quarter. National Asset Management Inc. now owns 12,233 shares of the company’s stock valued at $2,000,000 after buying an additional 1,304 shares in the last quarter. Institutional investors own 96.94% of the company’s stock.

Teradyne Company Profile

(Get Rating)

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.

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Analyst Recommendations for Teradyne (NASDAQ:TER)

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