Insider Selling: Michael A. Bradley Sells 32,339 Shares of Teradyne Stock (TER)
Teradyne (NYSE:TER) Director Michael A. Bradley unloaded 32,339 shares of the stock on the open market in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $19.17, for a total transaction of $619,938.63. Following the completion of the transaction, the director now directly owns 299,754 shares of the company’s stock, valued at approximately $5,746,284. The sale was disclosed in a legal filing with the SEC, which is available at this link.
TER has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Teradyne in a research note on Thursday, June 5th. They now have a $19.00 price target on the stock. Separately, analysts at Craig Hallum upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Wednesday, June 4th. They now have a $25.00 price target on the stock, up previously from $19.00. Finally, analysts at Sidoti upgraded shares of Teradyne from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 29th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $22.05.
Teradyne (NYSE:TER) traded up 0.05% during mid-day trading on Friday, hitting $19.12. 1,007,081 shares of the company’s stock traded hands. Teradyne has a 1-year low of $15.22 and a 1-year high of $20.72. The stock’s 50-day moving average is $18.04 and its 200-day moving average is $18.57. The company has a market cap of $3.714 billion and a price-to-earnings ratio of 28.40.
Teradyne (NYSE:TER) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.04. The company had revenue of $321.01 million for the quarter, compared to the consensus estimate of $314.57 million. During the same quarter last year, the company posted $0.09 earnings per share. Teradyne’s revenue was up 12.5% compared to the same quarter last year. Analysts expect that Teradyne will post $1.22 EPS for the current fiscal year.
Teradyne, Inc (NYSE:TER) is a supplier of automatic test equipment.
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