Teradyne, Inc. (NASDAQ:TER) Short Interest Update

Teradyne, Inc. (NASDAQ:TER) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 5,610,000 shares, a growth of 24.7% from the November 30th total of 4,500,000 shares. Based on an average trading volume of 2,300,000 shares, the days-to-cover ratio is currently 2.4 days. Currently, 3.5% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TER shares. Northland Securities decreased their target price on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research report on Friday, October 25th. Evercore ISI lifted their price objective on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Stifel Nicolaus reduced their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Craig Hallum lowered their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. Finally, StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.25.

Teradyne Stock Performance

NASDAQ:TER opened at $126.70 on Tuesday. The stock has a market cap of $20.63 billion, a price-to-earnings ratio of 40.22, a price-to-earnings-growth ratio of 2.66 and a beta of 1.51. Teradyne has a one year low of $92.29 and a one year high of $163.21. The business’s 50-day simple moving average is $114.95 and its 200 day simple moving average is $128.50.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The business had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts predict that Teradyne will post 3.17 EPS for the current year.

Teradyne declared that its board has initiated a share repurchase plan on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 0.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is 15.24%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TER. Connor Clark & Lunn Investment Management Ltd. bought a new position in Teradyne during the 3rd quarter valued at $2,221,000. MBB Public Markets I LLC bought a new position in Teradyne during the second quarter valued at about $1,619,000. Cerity Partners LLC grew its holdings in Teradyne by 87.1% during the third quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after acquiring an additional 5,294 shares during the period. Nomura Asset Management Co. Ltd. raised its position in Teradyne by 17.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock worth $10,325,000 after acquiring an additional 11,541 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Teradyne by 30.5% in the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock valued at $11,878,000 after acquiring an additional 20,762 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Company Profile

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.