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.

About Teradyne

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.

Featured article: What do we mean by buying and selling pressure?

This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Teradyne now?

Before you consider Teradyne, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and Teradyne was not on the list.

While Teradyne currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here