Teradyne, Inc. (NYSE:TER) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 13,363,797 shares, a decrease of 30.8% from the May 31st total of 19,309,738 shares. Based on an average trading volume of 2,904,737 shares, the days-to-cover ratio is currently 4.6 days. Currently, 7.0% of the company’s shares are sold short.
Hedge funds have recently bought and sold shares of the company. IFP Advisors Inc grew its stake in shares of Teradyne by 147.0% in the first quarter. IFP Advisors Inc now owns 3,164 shares of the semiconductor company’s stock valued at $145,000 after buying an additional 1,883 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in Teradyne in the fourth quarter valued at about $156,000. Focused Wealth Management Inc purchased a new position in Teradyne in the fourth quarter valued at about $163,000. We Are One Seven LLC purchased a new position in Teradyne in the fourth quarter valued at about $179,000. Finally, Bluestein R H & Co. purchased a new position in Teradyne in the fourth quarter valued at about $209,000. Institutional investors and hedge funds own 96.23% of the company’s stock.
Several brokerages have commented on TER. Zacks Investment Research upgraded Teradyne from a “strong sell” rating to a “hold” rating in a research note on Thursday. Cowen began coverage on Teradyne in a research note on Monday, May 14th. They set a “market perform” rating and a $40.00 price target for the company. ValuEngine upgraded Teradyne from a “sell” rating to a “hold” rating in a research note on Tuesday, May 8th. Needham & Company LLC dropped their price target on Teradyne to $45.00 and set a “positive” rating for the company in a research note on Thursday, April 26th. Finally, Credit Suisse Group dropped their price target on Teradyne from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, April 26th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Teradyne currently has a consensus rating of “Buy” and an average price target of $47.15.
TER stock opened at $37.67 on Friday. The company has a quick ratio of 5.17, a current ratio of 5.51 and a debt-to-equity ratio of 0.19. Teradyne has a 1 year low of $29.68 and a 1 year high of $50.68. The stock has a market capitalization of $7.44 billion, a PE ratio of 16.10, a P/E/G ratio of 1.69 and a beta of 1.20.
Teradyne (NYSE:TER) last posted 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. Teradyne had a return on equity of 23.45% and a net margin of 11.97%. The business had revenue of $487.00 million during the quarter, compared to analyst estimates of $478.77 million. During the same quarter last year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. equities analysts predict that Teradyne will post 1.92 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 22nd. Stockholders of record on Thursday, May 31st were paid a $0.09 dividend. The ex-dividend date was Wednesday, May 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.96%. Teradyne’s dividend payout ratio (DPR) is currently 15.38%.
Teradyne Company Profile
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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