Teradyne, Inc. (TER) Director Sells $873,400.00 in Stock
Teradyne, Inc. (NYSE:TER) Director Michael A. Bradley sold 20,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $43.67, for a total value of $873,400.00. Following the sale, the director now owns 133,504 shares in the company, valued at $5,830,119.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Teradyne, Inc. (NYSE TER) opened at $43.57 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.96 and a quick ratio of 4.67. The firm has a market capitalization of $8,600.00, a price-to-earnings ratio of 19.70, a PEG ratio of 1.63 and a beta of 1.04. Teradyne, Inc. has a 12 month low of $23.39 and a 12 month high of $44.33.
Teradyne (NYSE:TER) last posted its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.11. The company had revenue of $503.40 million for the quarter, compared to the consensus estimate of $472.86 million. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 EPS. sell-side analysts forecast that Teradyne, Inc. will post 2.22 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, November 29th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Tuesday, November 28th. Teradyne’s dividend payout ratio (DPR) is currently 13.08%.
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TER has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, September 19th. Credit Suisse Group reiterated a “neutral” rating on shares of Teradyne in a research report on Thursday, July 27th. Citigroup Inc. increased their price objective on Teradyne from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, October 30th. KeyCorp reiterated a “buy” rating and issued a $47.00 price objective on shares of Teradyne in a research report on Friday, October 27th. Finally, BidaskClub lowered Teradyne from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $40.17.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of 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 purchasing an additional 2,437,869 shares during the period. Vanguard Group Inc. raised its stake in Teradyne by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 17,201,317 shares of the semiconductor company’s stock worth $516,555,000 after buying an additional 458,103 shares during the period. State Street Corp raised its stake in Teradyne by 0.5% during the 2nd quarter. State Street Corp now owns 5,441,993 shares of the semiconductor company’s stock worth $163,420,000 after buying an additional 27,857 shares during the period. Wells Fargo & Company MN raised its stake in Teradyne by 10.2% during the 3rd quarter. Wells Fargo & Company MN now owns 4,729,629 shares of the semiconductor company’s stock worth $176,368,000 after buying an additional 436,554 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Teradyne by 238.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,877,810 shares of the semiconductor company’s stock worth $116,451,000 after buying an additional 2,731,167 shares during the period. 90.65% of the stock is currently owned by institutional investors.
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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