Teradyne (NASDAQ:TER) Shares Gap Down – Should You Sell?

Teradyne, Inc. (NASDAQ:TER) shares gapped down before the market opened on Thursday . The stock had previously closed at $124.43, but opened at $118.20. Teradyne shares last traded at $113.26, with a volume of 541,844 shares.

Analysts Set New Price Targets

Several research firms recently weighed in on TER. Stifel Nicolaus boosted their target price on Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a report on Tuesday, July 16th. Craig Hallum downgraded shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective on the stock. in a report on Friday, July 26th. StockNews.com cut Teradyne from a “hold” rating to a “sell” rating in a research report on Monday. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price for the company in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $142.57.

Teradyne Price Performance

The company has a market capitalization of $18.49 billion, a P/E ratio of 37.24, a P/E/G ratio of 2.57 and a beta of 1.49. The stock has a 50-day moving average price of $130.26 and a 200-day moving average price of $131.85.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The business had revenue of $729.88 million during the quarter, compared to the consensus estimate of $701.20 million. During the same period in the previous year, the company posted $0.79 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Sell-side analysts anticipate that Teradyne, Inc. will post 3.02 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were paid a $0.12 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a yield of 0.42%. Teradyne’s dividend payout ratio (DPR) is presently 15.79%.

Insider Transactions at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction of $80,481.25. Following the transaction, the director now directly owns 17,143 shares in the company, valued at approximately $2,207,504.11. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the completion of the transaction, the director now directly owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sanjay Mehta sold 6,153 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the sale, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,977 shares of company stock valued at $1,979,834 over the last ninety days. 0.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Chesley Taft & Associates LLC boosted its position in shares of Teradyne by 18.6% during the first quarter. Chesley Taft & Associates LLC now owns 13,440 shares of the company’s stock valued at $1,516,000 after purchasing an additional 2,110 shares in the last quarter. Bouvel Investment Partners LLC increased its stake in shares of Teradyne by 0.5% in the 1st quarter. Bouvel Investment Partners LLC now owns 22,779 shares of the company’s stock worth $2,570,000 after purchasing an additional 112 shares in the last quarter. Thrive Wealth Management LLC lifted its position in Teradyne by 7.7% during the first quarter. Thrive Wealth Management LLC now owns 2,567 shares of the company’s stock valued at $290,000 after purchasing an additional 184 shares in the last quarter. Capital Asset Advisory Services LLC grew its holdings in Teradyne by 4.7% during the first quarter. Capital Asset Advisory Services LLC now owns 3,892 shares of the company’s stock valued at $418,000 after purchasing an additional 176 shares during the period. Finally, Register Financial Advisors LLC purchased a new stake in Teradyne in the first quarter worth about $113,000. 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.