Teradyne Director Sells $489,563 in Stock (TER)
Teradyne (NYSE:TER) Director Michael A. Bradley sold 26,250 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $18.65, for a total value of $489,562.50. Following the transaction, the director now directly owns 493,922 shares in the company, valued at approximately $9,211,645. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Teradyne from $20.00 to $21.50 in a research note to investors on Friday, January 24th. Separately, analysts at Cowen and Company reiterated an “outperform” rating on shares of Teradyne in a research note to investors on Thursday, January 23rd. They now have a $24.50 price target on the stock, up previously from $22.00. Finally, analysts at Susquehanna raised their price target on shares of Teradyne from $22.00 to $23.00 in a research note to investors on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $21.40.
Shares of Teradyne (NYSE:TER) traded up 1.06% on Friday, hitting $19.07. 2,666,456 shares of the company’s stock traded hands. Teradyne has a 1-year low of $14.05 and a 1-year high of $20.17. The stock has a 50-day moving average of $18.40 and a 200-day moving average of $16.9. The company has a market cap of $3.652 billion and a P/E ratio of 26.96.
Teradyne (NYSE:TER) last released its earnings data on Wednesday, January 22nd. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.03. The company had revenue of $285.00 million for the quarter, compared to the consensus estimate of $275.30 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 14.9% on a year-over-year basis. Analysts expect that Teradyne will post $1.36 EPS for the current fiscal year.
The company also recently announced a special dividend, which is scheduled for Monday, June 2nd. Shareholders of record on Friday, May 9th will be paid a dividend of 0.06 per share. The ex-dividend date is Wednesday, May 7th.
Teradyne, Inc is a supplier of automatic test equipment. The Company designs, develops, manufactures and sells automatic test systems and solutions used to test semiconductors, wireless products, hard disk drives and circuit boards in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries.
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