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

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald lowered their price target on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Susquehanna lowered their target price on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating on the stock in a research note on Wednesday, March 12th. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Bank of America decreased their price objective on Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a report on Wednesday, March 12th. Finally, Robert W. Baird dropped their target price on Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and an average price target of $121.44.

Teradyne Stock Performance

Shares of 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 fifty day moving average of $104.77 and a two-hundred day moving average of $116.43. The stock has a market capitalization of $13.52 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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, research analysts forecast that Teradyne will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

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

Insider Buying and Selling

In other news, insider Richard John Burns sold 407 shares of Teradyne stock in a transaction that occurred 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 sale, the insider now owns 20,764 shares of the company’s stock, valued at approximately $2,502,269.64. This trade represents a 1.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,479 shares of company stock valued at $1,013,134. Company insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Roberts Glore & Co. Inc. IL increased its stake in shares of Teradyne by 2.2% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock worth $517,000 after purchasing an additional 90 shares during the period. Covestor Ltd lifted its holdings in shares of Teradyne by 12.3% in the fourth quarter. Covestor Ltd now owns 901 shares of the company’s stock worth $113,000 after acquiring an additional 99 shares during the last quarter. Snowden Capital Advisors LLC increased its holdings in shares of Teradyne by 2.8% during the fourth quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company’s stock worth $472,000 after buying an additional 103 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Teradyne by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after purchasing an additional 104 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after purchasing an additional 105 shares during the period. Institutional investors own 99.77% of the company’s stock.

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.