Teradyne (NYSE:TER) fell 16.4% on Wednesday . The stock traded as low as $34.35 and last traded at $34.70. 20,186,969 shares changed hands during trading, an increase of 587% from the average session volume of 2,937,341 shares. The stock had previously closed at $41.50.
Several brokerages have weighed in on TER. Robert W. Baird restated a “neutral” rating and set a $37.00 price target on shares of Teradyne in a report on Wednesday. DA Davidson downgraded Teradyne from a “buy” rating to a “neutral” rating in a report on Wednesday. ValuEngine upgraded Teradyne from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Monday, January 29th. Finally, Stifel Nicolaus increased their price objective on Teradyne from $46.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $48.00.
The stock has a market cap of $7,904.85, a PE ratio of 14.83, a PEG ratio of 1.19 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.00 and a quick ratio of 4.76.
Teradyne (NYSE:TER) last announced its earnings results on Tuesday, April 24th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The firm had revenue of $487.00 million during the quarter, compared to analysts’ expectations of $478.77 million. Teradyne had a return on equity of 23.37% and a net margin of 12.06%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. research analysts anticipate that Teradyne will post 2.51 EPS for the current year.
Teradyne announced that its board has authorized a share repurchase program on Wednesday, January 24th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the semiconductor company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
In other Teradyne news, CFO Gregory R. Beecher sold 71,300 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $46.57, for a total transaction of $3,320,441.00. Following the completion of the sale, the chief financial officer now directly owns 77,676 shares of the company’s stock, valued at approximately $3,617,371.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Charles Jeffrey Gray sold 32,238 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $46.31, for a total value of $1,492,941.78. Following the sale, the vice president now directly owns 37,057 shares of the company’s stock, valued at $1,716,109.67. The disclosure for this sale can be found here. Insiders have sold a total of 146,009 shares of company stock valued at $6,731,077 over the last ninety days. 0.49% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of TER. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Teradyne by 22.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,517 shares of the semiconductor company’s stock valued at $243,000 after buying an additional 1,209 shares during the period. Jaffetilchin Investment Partners LLC acquired a new stake in shares of Teradyne in the 4th quarter valued at approximately $787,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Teradyne by 0.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 870,830 shares of the semiconductor company’s stock valued at $36,462,000 after buying an additional 7,456 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Teradyne in the 4th quarter valued at approximately $355,000. Finally, Oakbrook Investments LLC lifted its holdings in shares of Teradyne by 6.4% in the 4th quarter. Oakbrook Investments LLC now owns 18,520 shares of the semiconductor company’s stock valued at $775,000 after buying an additional 1,120 shares during the period. 98.63% of the stock is owned by institutional investors and hedge funds.
WARNING: This article was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://www.dispatchtribunal.com/2018/04/25/teradyne-ter-stock-price-down-16-4.html.
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.
Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter.