Somewhat Positive Media Coverage Somewhat Unlikely to Impact Teradyne (TER) Stock Price
Media headlines about Teradyne (NYSE:TER) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Teradyne earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 46.605830840019 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Teradyne, Inc. (TER) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- Teradyne, Inc. (TER) Scales New 52-Week High – Wall Street Morning (wallstreetmorning.com)
- Teradyne, Inc. (TER) Scheduled to Post Earnings on Tuesday (americanbankingnews.com)
- Raising Robot Literacy: Universal Robots Expands Unique Online Academy, Offering Free Interactive Modules in Robotics Programming (digitaljournal.com)
Teradyne (NYSE TER) opened at 39.28 on Thursday. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 20.27 and a beta of 0.98. Teradyne has a 12-month low of $20.22 and a 12-month high of $39.33. The stock’s 50 day moving average price is $36.86 and its 200 day moving average price is $34.52.
Teradyne (NYSE:TER) last posted its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.04. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The firm had revenue of $697.00 million during the quarter, compared to analyst estimates of $683.66 million. During the same quarter in the prior year, the business posted $0.55 earnings per share. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. On average, equities research analysts anticipate that Teradyne will post $1.98 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 7th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.71%. The ex-dividend date was Wednesday, September 6th. Teradyne’s dividend payout ratio (DPR) is presently 14.51%.
Several brokerages recently weighed in on TER. BidaskClub raised Teradyne from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research raised Teradyne from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Friday, August 25th. KeyCorp reissued an “outperform” rating and issued a $40.00 price objective on shares of Teradyne in a report on Saturday, September 16th. Finally, Stifel Nicolaus raised Teradyne from a “hold” rating to a “buy” rating and boosted their price objective for the company from $32.00 to $39.00 in a report on Wednesday, July 5th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $36.83.
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In related news, Director Michael A. Bradley sold 17,390 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $36.30, for a total value of $631,257.00. Following the completion of the transaction, the director now owns 154,132 shares of the company’s stock, valued at $5,594,991.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brad Robbins sold 15,892 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $34.54, for a total transaction of $548,909.68. Following the completion of the transaction, the insider now directly owns 19,171 shares of the company’s stock, valued at approximately $662,166.34. The disclosure for this sale can be found here. Insiders sold 141,698 shares of company stock valued at $5,012,857 in the last three months. Company insiders own 0.62% of the company’s stock.
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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