Insider Selling: Michael A. Bradley Unloads 150,367 Shares of Teradyne Stock (TER)
Teradyne (NYSE:TER) Director Michael A. Bradley unloaded 150,367 shares of Teradyne stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $20.09, for a total value of $3,020,873.03. Following the completion of the transaction, the director now directly owns 153,349 shares of the company’s stock, valued at approximately $3,080,781. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 stock. Teradyne has a consensus 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 $20.14. The stock had a trading volume of 3,533,407 shares. Teradyne has a one year low of $15.22 and a one year high of $20.72. The stock’s 50-day moving average is $19.22 and its 200-day moving average is $19.09. The company has a market cap of $4.122 billion and a P/E ratio of 24.02. Teradyne also was the recipient of unusually large options trading on Wednesday. Traders purchased 14,901 call options on the stock. This represents an increase of approximately 1,380% compared to the typical daily volume of 1,007 call options.
Teradyne (NYSE:TER) last posted its quarterly 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 in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, analysts predict that Teradyne will post $1.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Friday, September 5th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Wednesday, September 3rd.
Teradyne, Inc (NYSE:TER) is a supplier of automatic test equipment.
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