Teradyne’s (TER) Sell Rating Reaffirmed at Susquehanna Bancshares
Susquehanna Bancshares reaffirmed their sell rating on shares of Teradyne (NYSE:TER) in a report published on Friday morning, TipRanks reports. The brokerage currently has a $48.00 price objective on the semiconductor company’s stock.
Several other equities research analysts also recently weighed in on the company. Northland Securities began coverage on Teradyne in a report on Tuesday, April 21st. They set a buy rating and a $60.00 price target on the stock. Bank of America reaffirmed a hold rating and issued a $66.00 target price on shares of Teradyne in a report on Wednesday, March 11th. Craig Hallum upgraded shares of Teradyne from a hold rating to a buy rating and set a $76.00 price target for the company in a report on Thursday, April 23rd. Deutsche Bank reissued a buy rating and issued a $85.00 price objective (up from $72.00) on shares of Teradyne in a research report on Thursday, June 18th. Finally, Cfra decreased their price objective on shares of Teradyne from $80.00 to $68.00 and set a hold rating for the company in a research report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $71.07.
Shares of TER stock opened at $82.83 on Friday. Teradyne has a fifty-two week low of $42.87 and a fifty-two week high of $85.42. The company has a 50 day moving average price of $70.55 and a 200 day moving average price of $65.34. The stock has a market capitalization of $13.73 billion, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.76 and a current ratio of 4.10.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Wednesday, May 27th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, May 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.48%. Teradyne’s dividend payout ratio (DPR) is presently 17.09%.
In other news, Director Edwin J. Gillis sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $63.09, for a total transaction of $1,577,250.00. Following the completion of the sale, the director now owns 34,418 shares in the company, valued at $2,171,431.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark E. Jagiela sold 30,976 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $60.62, for a total value of $1,877,765.12. Following the sale, the chief executive officer now directly owns 441,437 shares of the company’s stock, valued at $26,759,910.94. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in TER. AJO LP grew its stake in shares of Teradyne by 27.5% during the 4th quarter. AJO LP now owns 108,608 shares of the semiconductor company’s stock worth $7,405,000 after purchasing an additional 23,445 shares during the period. Hancock Whitney Corp boosted its holdings in Teradyne by 6.6% during the first quarter. Hancock Whitney Corp now owns 15,979 shares of the semiconductor company’s stock worth $866,000 after buying an additional 992 shares in the last quarter. Piedmont Investment Advisors Inc. grew its position in Teradyne by 9.2% during the first quarter. Piedmont Investment Advisors Inc. now owns 27,250 shares of the semiconductor company’s stock worth $1,476,000 after buying an additional 2,296 shares during the period. Schroder Investment Management Group increased its holdings in Teradyne by 1,432.3% in the fourth quarter. Schroder Investment Management Group now owns 137,124 shares of the semiconductor company’s stock valued at $9,350,000 after buying an additional 128,175 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Teradyne during the 4th quarter valued at approximately $1,727,000.
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.
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