Teradyne, Inc. (NYSE:TER) Announces Earnings Results
Teradyne, Inc. (NYSE:TER) issued its quarterly earnings results on Tuesday. The semiconductor company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.04, Bloomberg Earnings reports. The business had revenue of $697 million for the quarter, compared to analysts’ expectations of $683.66 million. Teradyne had a negative net margin of 0.46% and a positive return on equity of 18.34%. The business’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 earnings per share.
Teradyne (NYSE:TER) traded up 1.94% during midday trading on Wednesday, hitting $36.80. 5,085,582 shares of the company were exchanged. Teradyne has a 1-year low of $19.43 and a 1-year high of $36.86. The stock has a 50 day moving average of $33.03 and a 200 day moving average of $31.59. The firm’s market capitalization is $7.32 billion.
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Several equities analysts have recently weighed in on the stock. ValuEngine upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub lowered shares of Teradyne from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Teradyne from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Wednesday, June 28th. Deutsche Bank AG upped their price objective on shares of Teradyne from $30.00 to $34.00 and gave the company a “buy” rating in a report on Monday, April 24th. Finally, Cowen and Company upped their price objective on shares of Teradyne from $35.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $31.71.
In other Teradyne news, Director Daniel W. Christman sold 3,232 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $35.65, for a total transaction of $115,220.80. Following the completion of the sale, the director now directly owns 30,163 shares of the company’s stock, valued at $1,075,310.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael A. Bradley sold 9,235 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $35.32, for a total transaction of $326,180.20. Following the sale, the director now directly owns 195,405 shares of the company’s stock, valued at $6,901,704.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,467 shares of company stock valued at $721,961. 0.62% of the stock is owned by corporate insiders.
Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.
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