Teradyne, Inc. (NASDAQ: TER) Short interest rate down 19.0% in August
Teradyne, Inc. (NASDAQ: TER) was the target of a significant drop in short-term interest during the month of August. As of August 31, there was short interest totaling 2,990,000 shares, a decrease of 19.0% from the total of 3,690,000 shares as of August 15. Based on an average daily trading volume of 1,290,000 shares, the day-to-coverage ratio is currently 2.3 days. Currently, 1.8% of stocks are sold short.
Several equity research analysts have published reports on the company. Evercore ISI raised its price target on Teradyne from $ 160.00 to $ 175.00 and gave the company an “outperformance” rating in a report released on Monday, June 21. Susquehanna downgraded Teradyne from a “neutral” to a “positive” rating and raised her price target for the share from $ 148.00 to $ 165.00 in a research note on Thursday, July 29. Rosenblatt Securities reaffirmed a “buy” note and issued a target price of $ 180.00 on Teradyne shares in a research report on Thursday, August 26. Finally, Susquehanna Bancshares upgraded Teradyne from a “neutral” to a “positive” rating and raised her price target for the share from $ 148.00 to $ 165.00 in a research report released on Thursday 29 July. One analyst assigned a sell rating to the stock, three assigned a conservation rating, and twelve assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $ 140.56.
TER stock opened at $ 116.48 on Tuesday. The stock has a 50-day simple moving average of $ 121.91 and a 200-day simple moving average of $ 123.97. The company has a quick ratio of 2.51, a current ratio of 2.74 and a debt ratio of 0.06. The company has a market cap of $ 19.37 billion, a PE ratio of 22.79, a PEG ratio of 1.56 and a beta of 1.27. Teradyne has a twelve month low of $ 74.50 and a twelve month high of $ 147.90.
Teradyne (NASDAQ: TER) last released its quarterly results on Tuesday, July 27. The company reported earnings per share of $ 1.91 for the quarter, beating the Zacks consensus estimate of $ 1.75 by $ 0.16. The company posted revenue of $ 1.09 billion for the quarter, compared to a consensus estimate of $ 1.06 billion. Teradyne had a return on equity of 41.35% and a net margin of 27.65%. The company’s revenue for the quarter increased 29.5% year-over-year. In the same quarter of last year, the company posted earnings per share of $ 1.33. On average, equity research analysts predict Teradyne will post 5.62 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 24. Shareholders of record on Wednesday, September 1 will receive a dividend of $ 0.10 per share. This represents a dividend of $ 0.40 on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Tuesday August 31. Teradyne’s dividend payout ratio is 8.66%.
In other Teradyne news, director Marilyn Matz sold 4,157 shares of the company in a transaction dated Friday, September 10. The stock was sold for an average price of $ 120.18, for a total trade of $ 499,588.26. Following the closing of the sale, the Director now directly owns 13,976 shares of the company, valued at approximately $ 1,679,635.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.36% of the company’s shares.
A number of hedge funds have recently changed their TER positions. Parametric Portfolio Associates LLC increased its stake in Teradyne shares by 16.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 450,268 shares of the company valued at $ 60,318,000 after purchasing an additional 62,701 shares during the period. Sawtooth Solutions LLC increased its stake in Teradyne by 30.0% during the second quarter. Sawtooth Solutions LLC now owns 3,681 shares of the company valued at $ 493,000 after purchasing an additional 849 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG increased its stake in Teradyne by 23.4% during the second quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 9,324 shares of the company valued at $ 1,249,000 after purchasing an additional 1,768 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in Teradyne shares by 55.2% in the second quarter. Y Intercept Hong Kong Ltd. now owns 7,576 shares of the company valued at $ 1,015,000 after purchasing an additional 2,693 shares in the last quarter. Finally, Comerica Bank increased its stake in Teradyne shares by 4.7% in the second quarter. Comerica Bank now owns 49,640 shares of the company valued at $ 5,669,000 after purchasing an additional 2,226 shares in the last quarter. 93.46% of the shares are currently held by institutional investors.
Teradyne, Inc is engaged in the development and sale of automatic test systems. It operates in the following segments: semiconductor testing, industrial automation, system testing and wireless testing. The Semiconductor Testing segment designs, manufactures and markets semiconductor testing products and services.
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