Teradyne (NASDAQ:TER) Hits New 12-Month Low – What’s Next?

Shares of Teradyne, Inc. (NASDAQ:TER) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $82.86 and last traded at $83.58, with a volume of 736294 shares. The stock had previously closed at $85.68.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Morgan Stanley decreased their target price on Teradyne from $112.00 to $81.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. TD Cowen decreased their price objective on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Cantor Fitzgerald cut their target price on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Susquehanna reduced their price objective on Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. decreased their price objective on Teradyne from $145.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $121.44.

Teradyne Stock Down 3.4 %

The business has a 50-day simple moving average of $109.02 and a 200-day simple moving average of $117.77. The company has a market cap of $13.39 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (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%. As a group, equities research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is currently 14.41%.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction dated 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Mehta sold 1,789 shares of the stock in a transaction dated 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 directly owns 33,308 shares in the company, valued at $4,013,947.08. This represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock valued at $1,013,134 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Teradyne

Hedge funds and other institutional investors have recently modified their holdings of the company. Compass Financial Services Inc acquired a new position in shares of Teradyne during the fourth quarter worth $33,000. Strategic Investment Solutions Inc. IL purchased a new stake in Teradyne during the 4th quarter worth about $34,000. AllSquare Wealth Management LLC boosted its position in shares of Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after acquiring an additional 200 shares in the last quarter. Manchester Capital Management LLC increased its holdings in shares of Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after acquiring an additional 227 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Teradyne during the 4th quarter worth about $45,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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.