Teradyne, Inc. (NASDAQ:TER) Short Interest Update

Teradyne, Inc. (NASDAQ:TER) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 5,880,000 shares, a drop of 12.9% from the February 28th total of 6,750,000 shares. Based on an average trading volume of 3,040,000 shares, the short-interest ratio is currently 1.9 days. Approximately 3.7% of the company’s stock are short sold.

Teradyne Stock Performance

Teradyne stock opened at $83.62 on Thursday. Teradyne has a 52 week low of $79.60 and a 52 week high of $163.21. The firm has a market capitalization of $13.52 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 2.83 and a beta of 1.46. The company has a 50 day moving average price of $104.77 and a 200 day moving average price of $116.43.

Teradyne (NASDAQ:TER) last issued 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 analysts forecast that Teradyne will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s payout ratio is presently 14.41%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TER. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. UBS Group set a $130.00 target price on Teradyne and gave the company a “buy” rating in a research note on Wednesday, March 12th. Citigroup dropped their price target on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Cantor Fitzgerald cut their price target on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Finally, Northland Securities lowered their price objective on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price of $121.44.

Insider Activity

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the company’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 transaction of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Richard John Burns sold 407 shares of Teradyne 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 transaction, the insider now directly owns 20,764 shares of the company’s stock, valued at approximately $2,502,269.64. This represents a 1.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock worth $1,013,134 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Teradyne

A number of institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp raised its holdings in shares of Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after purchasing an additional 1,846,079 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Teradyne during the fourth quarter valued at about $12,118,000. Cerity Partners LLC lifted its position in shares of Teradyne by 87.1% in the third quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after buying an additional 5,294 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Teradyne by 17.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock worth $10,325,000 after acquiring an additional 11,541 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Teradyne by 30.5% during the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock valued at $11,878,000 after acquiring an additional 20,762 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

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.