Traders Buy Large Volume of Call Options on Teradyne (TER)
Teradyne, Inc. (NYSE:TER) was the recipient of unusually large options trading activity on Monday. Traders acquired 25,233 call options on the company. This is an increase of approximately 1,090% compared to the average volume of 2,121 call options.
A number of research firms have weighed in on TER. BidaskClub cut shares of Teradyne from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. KeyCorp raised shares of Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 target price on the stock in a research note on Thursday, July 27th. Zacks Investment Research raised shares of Teradyne from a “sell” rating to a “hold” rating and set a $39.00 target price on the stock in a research note on Thursday, July 27th. Stifel Nicolaus reiterated a “buy” rating on shares of Teradyne in a report on Thursday, July 27th. Finally, Cowen and Company set a $41.00 price target on shares of Teradyne and gave the stock a “buy” rating in a report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Teradyne currently has an average rating of “Buy” and an average target price of $35.70.
Teradyne (NYSE:TER) opened at 34.65 on Thursday. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 17.88 and a beta of 0.95. Teradyne has a 12-month low of $19.92 and a 12-month high of $36.86. The company has a 50-day moving average of $33.45 and a 200 day moving average of $32.35.
Teradyne (NYSE:TER) last announced its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. The business had revenue of $697 million for the quarter, compared to analyst estimates of $683.66 million. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The company’s revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS. Equities analysts expect that Teradyne will post $1.97 EPS for the current fiscal year.
In other Teradyne news, insider Brad Robbins sold 15,892 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $34.54, for a total transaction of $548,909.68. Following the sale, the insider now owns 19,171 shares of the company’s stock, valued at $662,166.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark E. Jagiela sold 30,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $34.50, for a total transaction of $1,035,000.00. Following the sale, the insider now directly owns 248,413 shares in the company, valued at approximately $8,570,248.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,127 shares of company stock worth $2,190,650. Insiders own 0.62% of the company’s stock.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Teradyne by 11,980.5% in the first quarter. BlackRock Inc. now owns 18,369,484 shares of the semiconductor company’s stock valued at $571,292,000 after buying an additional 18,217,425 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Teradyne by 238.2% in the second quarter. JPMorgan Chase & Co. now owns 3,877,810 shares of the semiconductor company’s stock valued at $116,451,000 after buying an additional 2,731,167 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Teradyne by 71.0% in the second quarter. Wells Fargo & Company MN now owns 4,293,075 shares of the semiconductor company’s stock valued at $128,922,000 after buying an additional 1,781,854 shares in the last quarter. Capital Growth Management LP bought a new stake in Teradyne during the first quarter valued at approximately $55,047,000. Finally, Coatue Management LLC bought a new stake in Teradyne during the second quarter valued at approximately $39,545,000. 92.90% of the stock is owned by hedge funds and other institutional investors.
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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