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

by · The Cerbat Gem

Teradyne, Inc. (NASDAQ:TER – Get Free Report) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 4,740,000 shares, a decrease of 19.4% from the March 15th total of 5,880,000 shares. Currently, 3.0% of the company’s stock are short sold. Based on an average trading volume of 3,350,000 shares, the days-to-cover ratio is currently 1.4 days.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TER shares. Morgan Stanley dropped their target price on Teradyne from $81.00 to $69.00 and set an “underweight” rating on the stock in a report on Wednesday, April 16th. Robert W. Baird dropped their price target on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Northland Securities reduced their price objective on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Stifel Nicolaus cut their target price on Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, March 12th. Finally, TD Cowen cut their price objective on Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $118.94.

Get Our Latest Analysis on Teradyne

Teradyne Stock Performance

NASDAQ TER traded down $2.20 during trading hours on Monday, hitting $69.05. The company had a trading volume of 1,602,936 shares, compared to its average volume of 3,347,475. The firm has a market capitalization of $11.11 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 2.83 and a beta of 1.65. Teradyne has a 52 week low of $65.77 and a 52 week high of $163.21. The firm has a 50 day simple moving average of $92.22 and a 200 day simple moving average of $110.73.

Teradyne (NASDAQ:TER – Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. On average, research analysts forecast that Teradyne will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.70%. Teradyne’s dividend payout ratio is currently 14.41%.

Insider Buying and Selling

In other Teradyne news, insider Richard John Burns sold 407 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the completion of the sale, the insider now owns 20,764 shares in the company, valued at approximately $2,502,269.64. The trade was a 1.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sanjay Mehta sold 614 shares of Teradyne stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total transaction of $62,628.00. Following the transaction, the chief financial officer now owns 30,446 shares of the company’s stock, valued at $3,105,492. This represents a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,399 shares of company stock valued at $612,734 over the last ninety days. 0.16% of the stock is owned by corporate insiders.

Institutional Trading of Teradyne

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Teradyne by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company’s stock valued at $2,569,511,000 after purchasing an additional 92,428 shares during the last quarter. Van ECK Associates Corp raised its position 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 buying an additional 1,846,079 shares in the last quarter. Ameriprise Financial Inc. grew its position in Teradyne by 28.3% in the fourth quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company’s stock worth $608,025,000 after acquiring an additional 1,065,474 shares in the last quarter. Geode Capital Management LLC increased its stake in Teradyne by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company’s stock valued at $515,665,000 after acquiring an additional 94,374 shares during the last quarter. Finally, Aspex Management HK Ltd lifted its stake in Teradyne by 35.5% during the fourth quarter. Aspex Management HK Ltd now owns 3,234,842 shares of the company’s stock worth $407,331,000 after purchasing an additional 847,409 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Company Profile

(Get Free Report)

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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