Teradyne Director Michael A. Bradley Unloads 39,024 Shares (TER)
Teradyne (NYSE:TER) Director Michael A. Bradley unloaded 39,024 shares of Teradyne stock on the open market in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $20.52, for a total transaction of $800,772.48. Following the completion of the transaction, the director now directly owns 153,349 shares of the company’s stock, valued at approximately $3,146,721. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on TER shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Teradyne in a research note on Tuesday. They now have a $23.50 price target on the stock, up previously from $22.00. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $22.18.
Teradyne (NYSE:TER) traded down 0.10% during mid-day trading on Tuesday, hitting $20.57. 2,177,356 shares of the company’s stock traded hands. Teradyne has a one year low of $15.30 and a one year high of $20.81. The stock has a 50-day moving average of $19.28 and a 200-day moving average of $19.1. The company has a market cap of $4.210 billion and a price-to-earnings ratio of 24.57. Teradyne also was the target of a large drop in short interest in August. As of August 15th, there was short interest totalling 19,363,705 shares, a drop of 16.9% from the July 31st total of 23,314,289 shares. Based on an average daily volume of 2,296,458 shares, the days-to-cover ratio is currently 8.4 days. Approximately 10.0% of the company’s stock are sold short.
Teradyne (NYSE:TER) last released its earnings data on Wednesday, July 23rd. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 22.5% on a year-over-year basis. Analysts expect that Teradyne will post $1.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Investors of record on Friday, September 5th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Wednesday, September 3rd.
Teradyne, Inc (NYSE:TER) is a supplier of automatic test equipment.
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