Insider Selling: Teradyne Director Sells 96,038 Shares of Stock (TER)
Teradyne (NYSE:TER) Director Michael A. Bradley unloaded 96,038 shares of Teradyne stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $19.02, for a total transaction of $1,826,642.76. Following the completion of the sale, the director now directly owns 203,716 shares of the company’s stock, valued at approximately $3,874,678. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Teradyne in a research note on Friday, July 25th. They now have a $19.50 price target on the stock, up previously from $19.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Teradyne in a research note on Thursday, July 24th. They now have a $20.00 price target on the stock. Finally, analysts at Susquehanna raised their price target on shares of Teradyne from $23.00 to $24.00 in a research note on Friday, June 27th. They now have a “positive” rating on the stock. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Teradyne currently has a consensus rating of “Buy” and a consensus target price of $22.05.
Teradyne (NYSE:TER) traded up 0.90% on Friday, hitting $19.13. 3,353,764 shares of the company’s stock traded hands. Teradyne has a one year low of $15.22 and a one year high of $20.72. The stock has a 50-day moving average of $19.21 and a 200-day moving average of $19.05. The company has a market cap of $3.915 billion and a price-to-earnings ratio of 22.63. Teradyne also was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 23,314,289 shares, a decline of 26.1% from the July 15th total of 31,531,687 shares. Based on an average daily volume of 3,916,802 shares, the short-interest ratio is currently 6.0 days. Currently, 12.1% of the shares of the company are short sold.
Teradyne (NYSE:TER) last announced its earnings results on Wednesday, July 23rd. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.12. The company had revenue of $525.60 million for the quarter, compared to the consensus estimate of $479.51 million. During the same quarter last year, the company posted $0.43 earnings per share. Teradyne’s revenue was up 22.5% compared to the same quarter last year. Analysts expect that Teradyne will post $1.23 EPS for the current fiscal year.
Teradyne, Inc (NYSE:TER) is a supplier of automatic test equipment.
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