Michael A. Bradley Sells 10,000 Shares of Teradyne Inc. (TER) Stock
Teradyne Inc. (NYSE:TER) Director Michael A. Bradley sold 10,000 shares of Teradyne stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $23.47, for a total transaction of $234,700.00. Following the completion of the sale, the director now owns 164,721 shares in the company, valued at $3,866,001.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Teradyne Inc. (NYSE:TER) opened at 23.40 on Friday. The stock’s market capitalization is $4.73 billion. Teradyne Inc. has a 52-week low of $17.34 and a 52-week high of $23.95. The firm has a 50-day moving average of $21.97 and a 200 day moving average of $20.50.
Teradyne (NYSE:TER) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The business had revenue of $410 million for the quarter, compared to the consensus estimate of $392.38 million. Teradyne had a negative net margin of 6.53% and a positive return on equity of 14.46%. The company’s revenue was down 11.9% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share. Equities research analysts forecast that Teradyne Inc. will post $1.41 EPS for the current fiscal year.
TER has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Teradyne from a “hold” rating to a “sell” rating in a report on Friday, July 29th. Deutsche Bank AG reduced their target price on shares of Teradyne from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, July 29th. DA Davidson boosted their target price on shares of Teradyne from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Pacific Crest restated a “hold” rating on shares of Teradyne in a report on Friday, July 29th. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $20.50 target price on shares of Teradyne in a report on Friday, July 29th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Teradyne presently has a consensus rating of “Buy” and a consensus price target of $23.59.
A number of institutional investors have recently bought and sold shares of TER. Beutel Goodman & Co Ltd. acquired a new position in Teradyne during the third quarter valued at $101,230,000. Bank of New York Mellon Corp increased its position in Teradyne by 109.1% in the third quarter. Bank of New York Mellon Corp now owns 8,819,302 shares of the company’s stock valued at $190,320,000 after buying an additional 4,601,220 shares in the last quarter. American Century Companies Inc. increased its position in Teradyne by 31.9% in the second quarter. American Century Companies Inc. now owns 8,633,347 shares of the company’s stock valued at $169,991,000 after buying an additional 2,088,082 shares in the last quarter. Bank of Montreal Can acquired a new position in Teradyne during the second quarter valued at $37,852,000. Finally, Peregrine Capital Management LLC acquired a new position in Teradyne during the third quarter valued at $31,858,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.
Teradyne Company Profile
Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries.
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