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

Teradyne, Inc. (NASDAQ:TER) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 4,740,000 shares, a drop of 19.4% from the March 15th total of 5,880,000 shares. Based on an average daily volume of 3,350,000 shares, the short-interest ratio is currently 1.4 days. Approximately 3.0% of the company’s stock are short sold.

Insider Activity

In related news, VP Ryan Driscoll sold 437 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $44,574.00. Following the completion of the sale, the vice president now directly owns 4,312 shares in the company, valued at $439,824. This represents a 9.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the transaction, the chief financial officer now owns 33,308 shares in the company, valued at $4,013,947.08. This trade represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,399 shares of company stock worth $612,734. Corporate insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Compass Financial Services Inc acquired a new stake in shares of Teradyne in the fourth quarter valued at approximately $33,000. Strategic Investment Solutions Inc. IL acquired a new stake in Teradyne during the fourth quarter worth about $34,000. AllSquare Wealth Management LLC raised its position in shares of Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock valued at $38,000 after buying an additional 200 shares during the period. Manchester Capital Management LLC boosted its stake in Teradyne by 264.0% during the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after buying an additional 227 shares during the period. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Teradyne during the 4th quarter worth approximately $45,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TER has been the topic of several analyst reports. UBS Group set a $130.00 price target on shares of Teradyne and gave the stock a “buy” rating in a report on Wednesday, March 12th. KeyCorp reaffirmed a “sector weight” rating on shares of Teradyne in a research report on Thursday, April 17th. Susquehanna lowered their price target on Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a report on Wednesday, March 12th. Bank of America cut their price objective on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a report on Wednesday, March 12th. Finally, Citigroup lowered their target price on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and a consensus target price of $118.94.

Teradyne Trading Down 2.0 %

NASDAQ:TER opened at $69.81 on Tuesday. The stock has a 50 day moving average of $91.39 and a two-hundred day moving average of $110.30. Teradyne has a 12 month low of $65.77 and a 12 month high of $163.21. The firm has a market cap of $11.23 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping 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%. 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 disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.69%. Teradyne’s dividend payout ratio is presently 14.41%.

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.