Teradyne, Inc. (NASDAQ:TER) Sees Large Decrease in Short Interest

Teradyne, Inc. (NASDAQ:TER - Get Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 4,180,000 shares, a decline of 20.1% from the April 15th total of 5,230,000 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average trading volume of 1,990,000 shares, the short-interest ratio is presently 2.1 days.

Insider Activity at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 3,750 shares of the business's stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total value of $450,225.00. Following the sale, the chief financial officer now owns 41,902 shares of the company's stock, valued at approximately $5,030,754.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Teradyne news, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the sale, the chief financial officer now directly owns 41,902 shares of the company's stock, valued at $5,030,754.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $121.20, for a total value of $75,750.00. Following the completion of the transaction, the director now directly owns 17,142 shares of the company's stock, valued at $2,077,610.40. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On Teradyne

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new stake in Teradyne in the 4th quarter worth about $188,873,000. Van ECK Associates Corp boosted its stake in shares of Teradyne by 26.9% in the fourth quarter. Van ECK Associates Corp now owns 4,361,091 shares of the company's stock valued at $473,265,000 after buying an additional 923,612 shares during the period. Boston Partners grew its position in Teradyne by 38.5% during the third quarter. Boston Partners now owns 2,351,867 shares of the company's stock worth $236,164,000 after buying an additional 654,181 shares in the last quarter. Invesco Ltd. increased its stake in Teradyne by 24.4% during the 3rd quarter. Invesco Ltd. now owns 2,427,501 shares of the company's stock worth $243,867,000 after acquiring an additional 476,763 shares during the period. Finally, KBC Group NV raised its holdings in Teradyne by 1,544.3% in the 4th quarter. KBC Group NV now owns 473,221 shares of the company's stock valued at $51,354,000 after acquiring an additional 444,442 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Stock Up 1.6 %

Shares of TER stock traded up $1.93 during trading on Monday, reaching $124.85. The company's stock had a trading volume of 2,206,336 shares, compared to its average volume of 1,968,095. The business has a fifty day moving average price of $109.19 and a 200-day moving average price of $102.36. Teradyne has a one year low of $81.07 and a one year high of $125.94. The company has a market cap of $19.49 billion, a price-to-earnings ratio of 47.81 and a beta of 1.50.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The business had revenue of $599.82 million during the quarter, compared to analysts' expectations of $566.31 million. During the same period last year, the business earned $0.55 earnings per share. The firm's revenue was down 2.9% on a year-over-year basis. Research analysts anticipate that Teradyne will post 2.99 EPS for the current year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 22nd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Tuesday, May 21st. Teradyne's dividend payout ratio is presently 18.25%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TER. Robert W. Baird boosted their target price on Teradyne from $110.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. JPMorgan Chase & Co. increased their target price on Teradyne from $100.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, April 11th. Evercore ISI initiated coverage on Teradyne in a report on Tuesday, April 16th. They issued an "outperform" rating and a $130.00 price target for the company. Cantor Fitzgerald reiterated a "neutral" rating and set a $110.00 price target on shares of Teradyne in a research report on Thursday, April 25th. Finally, The Goldman Sachs Group raised their price objective on shares of Teradyne from $107.00 to $118.00 and gave the company a "neutral" rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $117.83.

Teradyne Company Profile

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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