Teradyne Reaches New 1-Year High at $20.81 (TER)
Teradyne (NYSE:TER) hit a new 52-week high during trading on Tuesday , AR Network reports. The company traded as high as $20.81 and last traded at $20.41, with a volume of 1,117,943 shares. The stock had previously closed at $20.59.
Several analysts have recently commented on the stock. 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 given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.18.
The stock has a 50-day moving average of $19.29 and a 200-day moving average of $19.14. The company has a market cap of $4.193 billion and a P/E ratio of 24.57. Teradyne also was the recipient of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 19,363,705 shares, a decrease of 16.9% from the July 31st total of 23,314,289 shares. Approximately 10.0% of the shares of the stock are sold short. Based on an average daily volume of 2,296,458 shares, the short-interest ratio is presently 8.4 days.
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. Analysts expect that Teradyne will post $1.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Investors 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 1.17%. The ex-dividend date of this dividend is Wednesday, September 3rd.
In other Teradyne news, Director Michael A. Bradley sold 150,367 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $20.09, for a total value of $3,020,873.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Teradyne, Inc (NYSE:TER) is a supplier of automatic test equipment.
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