Teradyne (TER) Shares Gap Down to $32.79

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Teradyne, Inc. (NYSE:TER)’s share price gapped down prior to trading on Friday . The stock had previously closed at $32.99, but opened at $32.79. Teradyne shares last traded at $32.71, with a volume of 169887 shares traded.

A number of research firms recently commented on TER. Goldman Sachs Group downgraded Teradyne from a “buy” rating to a “neutral” rating in a research note on Thursday. Zacks Investment Research downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 12th. Robert W. Baird decreased their price target on Teradyne from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Wednesday, October 10th. ValuEngine downgraded Teradyne from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Finally, Citigroup decreased their price target on Teradyne from $51.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, September 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. Teradyne presently has an average rating of “Hold” and a consensus target price of $47.50.

The company has a debt-to-equity ratio of 0.21, a current ratio of 4.19 and a quick ratio of 3.89. The company has a market cap of $6.36 billion, a P/E ratio of 14.13, a P/E/G ratio of 1.24 and a beta of 1.28.

Teradyne (NYSE:TER) last issued its earnings results on Tuesday, July 24th. The semiconductor company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.10. Teradyne had a return on equity of 20.82% and a net margin of 9.29%. The company had revenue of $527.00 million during the quarter, compared to the consensus estimate of $508.52 million. During the same period in the previous year, the firm posted $0.90 earnings per share. Teradyne’s quarterly revenue was down 24.4% compared to the same quarter last year. On average, research analysts forecast that Teradyne, Inc. will post 2.09 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Wednesday, September 5th were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, September 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.09%. Teradyne’s payout ratio is currently 15.38%.

Hedge funds have recently modified their holdings of the business. Hartford Investment Management Co. acquired a new position in shares of Teradyne during the second quarter worth approximately $212,000. Cornerstone Wealth Management LLC acquired a new position in shares of Teradyne during the third quarter worth approximately $214,000. Strs Ohio acquired a new position in shares of Teradyne during the second quarter worth approximately $309,000. BB&T Securities LLC boosted its position in shares of Teradyne by 50.9% during the second quarter. BB&T Securities LLC now owns 9,356 shares of the semiconductor company’s stock worth $356,000 after buying an additional 3,154 shares during the period. Finally, Bridgewater Associates LP acquired a new position in shares of Teradyne during the second quarter worth approximately $358,000. Institutional investors own 99.70% of the company’s stock.

About Teradyne (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.

Further Reading: How to interpret a stock’s beta number

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