Teradyne (NASDAQ:TER) Shares Gap Down – Time to Sell?

Teradyne, Inc. (NASDAQ:TER)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $457.00, but opened at $410.17. Teradyne shares last traded at $414.4040, with a volume of 584,080 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently commented on TER shares. Citigroup lifted their price objective on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley set a $387.00 price target on shares of Teradyne in a research report on Thursday, April 30th. Stifel Nicolaus boosted their price target on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Robert W. Baird raised their price objective on shares of Teradyne from $350.00 to $446.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, UBS Group increased their price target on Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $363.87.

Teradyne Trading Up 1.3%

The firm has a market capitalization of $66.64 billion, a P/E ratio of 78.83, a PEG ratio of 1.73 and a beta of 1.79. The business has a 50 day moving average of $378.50 and a 200-day moving average of $305.92.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The business’s revenue was up 87.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. On average, analysts anticipate that Teradyne, Inc. will post 7.09 EPS for the current fiscal year.

Teradyne Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.52 annualized dividend and a yield of 0.1%. This is an increase from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s payout ratio is presently 9.63%.

Insider Buying and Selling

In other Teradyne news, insider Shannon John Poulin sold 1,008 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the transaction, the insider owned 15,066 shares in the company, valued at approximately $5,203,344.42. This represents a 6.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory Stephen Smith sold 8,597 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $338.98, for a total value of $2,914,211.06. Following the transaction, the chief executive officer owned 124,470 shares of the company’s stock, valued at approximately $42,192,840.60. This trade represents a 6.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 14,941 shares of company stock valued at $5,444,112. Company insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Teradyne

A number of large investors have recently bought and sold shares of TER. Caitong International Asset Management Co. Ltd bought a new stake in shares of Teradyne in the fourth quarter worth $28,000. McIlrath & Eck LLC bought a new stake in Teradyne during the 1st quarter worth about $30,000. Davidson Capital Management Inc. acquired a new position in shares of Teradyne during the 3rd quarter worth about $31,000. CYBER HORNET ETFs LLC acquired a new position in shares of Teradyne during the 2nd quarter worth about $35,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Teradyne in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

About Teradyne

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.