Teradyne, Inc. (TER) Director Sells $631,257.00 in Stock
Teradyne, Inc. (NYSE:TER) Director Michael A. Bradley sold 17,390 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $36.30, for a total transaction of $631,257.00. Following the completion of the sale, the director now owns 154,132 shares of the company’s stock, valued at approximately $5,594,991.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Teradyne, Inc. (NYSE TER) opened at 36.87 on Monday. Teradyne, Inc. has a 12 month low of $20.22 and a 12 month high of $36.94. The firm has a market cap of $7.29 billion, a PE ratio of 19.02 and a beta of 0.94. The firm’s 50-day moving average is $34.69 and its 200-day moving average is $33.28.
Teradyne (NYSE:TER) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.04. The firm had revenue of $697.00 million during the quarter, compared to analyst estimates of $683.66 million. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. Teradyne’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. Equities analysts expect that Teradyne, Inc. will post $1.97 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, September 6th. Teradyne’s payout ratio is 14.51%.
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A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Teradyne by 13.3% in the 2nd quarter. BlackRock Inc. now owns 20,807,353 shares of the semiconductor company’s stock valued at $624,846,000 after acquiring an additional 2,437,869 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Teradyne by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 17,201,317 shares of the semiconductor company’s stock valued at $516,555,000 after acquiring an additional 458,103 shares during the last quarter. State Street Corp lifted its holdings in Teradyne by 0.5% in the 2nd quarter. State Street Corp now owns 5,441,993 shares of the semiconductor company’s stock valued at $163,420,000 after acquiring an additional 27,857 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Teradyne by 71.0% in the 2nd quarter. Wells Fargo & Company MN now owns 4,293,075 shares of the semiconductor company’s stock valued at $128,922,000 after acquiring an additional 1,781,854 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Teradyne by 238.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,877,810 shares of the semiconductor company’s stock valued at $116,451,000 after acquiring an additional 2,731,167 shares during the last quarter. 93.10% of the stock is owned by institutional investors.
Several analysts recently commented on TER shares. BidaskClub upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of Teradyne from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Friday, August 25th. KeyCorp reiterated an “outperform” rating and issued a $40.00 price objective on shares of Teradyne in a research note on Saturday. Finally, Stifel Nicolaus upgraded shares of Teradyne from a “hold” rating to a “buy” rating and raised their price objective for the company from $32.00 to $39.00 in a research note on Wednesday, July 5th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.80.
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, communications, and aerospace and defense industries.
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