Teradyne (NASDAQ:TER) Reaches New 1-Year Low – Time to Sell?

Shares of Teradyne, Inc. (NASDAQ:TER) hit a new 52-week low on Tuesday . The stock traded as low as $87.23 and last traded at $87.91, with a volume of 1053917 shares changing hands. The stock had previously closed at $104.97.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TER. Susquehanna raised their price target on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their target price on Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Cantor Fitzgerald reissued an “overweight” rating and set a $160.00 price objective on shares of Teradyne in a research report on Thursday, January 30th. Morgan Stanley cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $121.00 to $117.00 in a research report on Tuesday, January 21st. Finally, Northland Securities dropped their price target on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and an average price target of $143.14.

Teradyne Trading Down 18.3 %

The firm has a market capitalization of $13.86 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. The stock’s fifty day moving average price is $120.87 and its two-hundred day moving average price is $121.53.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. Teradyne’s dividend payout ratio is presently 14.41%.

Teradyne declared that its board has initiated a stock repurchase plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 0.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Teradyne news, insider Richard John Burns sold 407 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the transaction, the insider now directly owns 20,764 shares of the company’s stock, valued at approximately $2,502,269.64. This trade represents a 1.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Teradyne

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Performance Advisors LLP purchased a new position in shares of Teradyne in the 3rd quarter valued at approximately $29,000. Compass Financial Services Inc purchased a new position in Teradyne in the 4th quarter valued at $33,000. Strategic Investment Solutions Inc. IL purchased a new position in Teradyne during the 4th quarter worth $34,000. AllSquare Wealth Management LLC lifted its stake in shares of Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after acquiring an additional 200 shares during the period. Finally, Manchester Capital Management LLC boosted its holdings in shares of Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after acquiring an additional 227 shares in the last quarter. Hedge funds and other 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.