Teradyne (NYSE:TER) Shares Gap Down to $46.48

Teradyne, Inc. (NYSE:TER) shares gapped down before the market opened on Tuesday . The stock had previously closed at $47.78, but opened at $46.48. Teradyne shares last traded at $45.16, with a volume of 2,547,394 shares.

A number of research analysts have commented on TER shares. Robert W. Baird raised their price target on shares of Facebook from $195.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. DA Davidson restated a “buy” rating on shares of Great Western Bancorp in a research note on Thursday, April 25th. Cowen raised their price target on shares of ServiceNow from $260.00 to $280.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Zacks Investment Research cut shares of Heritage Insurance from a “hold” rating to a “strong sell” rating in a research note on Friday, April 26th. Finally, Stifel Nicolaus upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating and raised their price target for the stock from $57.00 to $100.00 in a research note on Tuesday, April 16th. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $45.60.

The firm’s 50 day moving average is $45.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.76 and a current ratio of 4.10. The stock has a market cap of $7.79 billion, a P/E ratio of 19.30, a P/E/G ratio of 2.02 and a beta of 1.25.

Teradyne (NYSE:TER) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.10. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The company had revenue of $494.00 million during the quarter, compared to analysts’ expectations of $476.23 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. Teradyne’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities research analysts expect that Teradyne, Inc. will post 2.25 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Wednesday, May 29th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Tuesday, May 28th. Teradyne’s dividend payout ratio (DPR) is currently 15.38%.

In related news, insider Brad Robbins sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $49.46, for a total value of $494,600.00. Following the completion of the transaction, the insider now owns 43,840 shares in the company, valued at approximately $2,168,326.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael A. Bradley sold 27,049 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $48.95, for a total transaction of $1,324,048.55. Following the completion of the transaction, the director now owns 74,008 shares of the company’s stock, valued at approximately $3,622,691.60. The disclosure for this sale can be found here. Insiders sold 77,345 shares of company stock valued at $3,751,648 in the last quarter. 0.49% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its holdings in Teradyne by 8.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,614 shares of the semiconductor company’s stock valued at $302,000 after acquiring an additional 769 shares during the period. Raymond James & Associates boosted its holdings in Teradyne by 10.1% during the 4th quarter. Raymond James & Associates now owns 115,074 shares of the semiconductor company’s stock valued at $3,611,000 after acquiring an additional 10,537 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Teradyne by 7.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 9,537 shares of the semiconductor company’s stock valued at $299,000 after acquiring an additional 698 shares during the period. Northern Trust Corp boosted its holdings in Teradyne by 4.9% during the 4th quarter. Northern Trust Corp now owns 1,590,989 shares of the semiconductor company’s stock valued at $49,926,000 after acquiring an additional 73,915 shares during the period. Finally, Commonwealth Bank of Australia boosted its holdings in Teradyne by 10.8% during the 4th quarter. Commonwealth Bank of Australia now owns 10,300 shares of the semiconductor company’s stock valued at $323,000 after acquiring an additional 1,000 shares during the period.

Teradyne Company Profile (NYSE:TER)

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.

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