Teradyne (NASDAQ:TER) Shares Gap Down – Here’s Why

Teradyne, Inc. (NASDAQ:TER)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $312.20, but opened at $290.00. Teradyne shares last traded at $302.6840, with a volume of 243,451 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Evercore raised their price target on shares of Teradyne from $200.00 to $280.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Bank of America upped their target price on shares of Teradyne from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Cantor Fitzgerald boosted their price target on Teradyne from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. TD Cowen reissued a “buy” rating on shares of Teradyne in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $275.53.

Teradyne Stock Down 0.7%

The stock’s 50 day moving average price is $294.57 and its 200-day moving average price is $216.37. The stock has a market capitalization of $48.55 billion, a P/E ratio of 88.88, a P/E/G ratio of 1.84 and a beta of 1.79.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.44. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $970.44 million. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The company’s revenue was up 43.9% compared to the same quarter last year. During the same period last year, the business earned $0.95 EPS. Analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 13th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s dividend payout ratio is currently 14.94%.

Hedge Funds Weigh In On Teradyne

Hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. lifted its stake in Teradyne by 1.8% during the 4th quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock valued at $444,000 after acquiring an additional 40 shares during the period. Stephens Inc. AR increased its stake in shares of Teradyne by 1.2% in the fourth quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock worth $645,000 after acquiring an additional 41 shares during the period. Sapient Capital LLC raised its holdings in shares of Teradyne by 1.5% during the fourth quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock worth $560,000 after purchasing an additional 43 shares during the last quarter. Truvestments Capital LLC raised its holdings in shares of Teradyne by 3.8% during the fourth quarter. Truvestments Capital LLC now owns 1,440 shares of the company’s stock worth $279,000 after purchasing an additional 53 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in Teradyne by 2.1% during the fourth quarter. IFP Advisors Inc now owns 2,731 shares of the company’s stock valued at $529,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

About Teradyne

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.