Teradyne, Inc. (NASDAQ:TER) Short Interest Up 25.0% in December

Teradyne, Inc. (NASDAQ:TERGet Free Report) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 7,010,000 shares, a growth of 25.0% from the December 15th total of 5,610,000 shares. Based on an average trading volume of 2,400,000 shares, the days-to-cover ratio is presently 2.9 days. Currently, 4.4% of the company’s stock are short sold.

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 74,660 shares of the company’s stock, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC bought a new stake in shares of Teradyne during the second quarter valued at approximately $27,000. Capital Performance Advisors LLP purchased a new position in Teradyne during the third quarter valued at $29,000. Quarry LP increased its holdings in Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares during the last quarter. Coastline Trust Co purchased a new stake in Teradyne in the 3rd quarter worth $46,000. Finally, Brooklyn Investment Group bought a new position in shares of Teradyne during the 3rd quarter valued at about $52,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Stock Performance

Shares of TER stock traded up $2.73 during mid-day trading on Thursday, reaching $137.66. 1,449,867 shares of the company’s stock traded hands, compared to its average volume of 2,081,987. The firm has a market capitalization of $22.42 billion, a PE ratio of 43.70, a price-to-earnings-growth ratio of 2.23 and a beta of 1.46. Teradyne has a 12 month low of $92.29 and a 12 month high of $163.21. The firm has a 50 day moving average price of $120.19 and a two-hundred day moving average price of $127.27.

Teradyne (NASDAQ:TERGet Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.78 by $0.12. The firm had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 earnings per share. As a group, equities analysts expect that Teradyne will post 3.17 earnings per share for the current fiscal year.

Teradyne announced that its board has initiated a stock repurchase program on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were given a dividend of $0.12 per share. The ex-dividend date was Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.35%. Teradyne’s payout ratio is 15.24%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Evercore ISI upped their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Craig Hallum cut their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $145.00 to $158.00 in a research note on Monday, December 16th. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and an average target price of $150.33.

View Our Latest Stock Analysis on TER

About Teradyne

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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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