Insider Selling: Teradyne, Inc. (TER) Director Sells 17,390 Shares of Stock
Teradyne, Inc. (NYSE:TER) Director Michael A. Bradley sold 17,390 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $36.30, for a total value of $631,257.00. Following the completion of the transaction, the director now directly owns 154,132 shares in the company, valued at approximately $5,594,991.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Teradyne, Inc. (NYSE TER) traded up 2.87% during trading on Friday, reaching $36.87. 3,966,632 shares of the company traded hands. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 19.02 and a beta of 0.94. The firm’s 50 day moving average price is $34.62 and its 200 day moving average price is $33.22. Teradyne, Inc. has a 12-month low of $20.22 and a 12-month high of $36.94.
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 $697.00 million for the quarter, compared to analyst estimates of $683.66 million. Teradyne had a net margin of 25.11% and a return on equity of 35.37%. 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 research analysts expect that Teradyne, Inc. will post $1.97 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, September 6th. Teradyne’s dividend payout ratio (DPR) is presently 14.51%.
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Several analysts recently commented on TER shares. Zacks Investment Research raised Teradyne from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Wednesday, June 28th. BidaskClub cut Teradyne from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. ValuEngine upgraded Teradyne from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Stifel Nicolaus upgraded Teradyne from a “hold” rating to a “buy” rating and raised their price objective for the company from $32.00 to $39.00 in a report on Wednesday, July 5th. They noted that the move was a valuation call. Finally, KeyCorp restated a “buy” rating and issued a $40.00 price objective on shares of Teradyne in a report on Tuesday, September 5th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Teradyne presently has an average rating of “Buy” and a consensus price target of $35.80.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Teradyne by 13.3% in the 2nd quarter. BlackRock Inc. now owns 20,807,353 shares of the semiconductor company’s stock worth $624,846,000 after acquiring an additional 2,437,869 shares during the last quarter. Vanguard Group Inc. grew its holdings in Teradyne by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 17,201,317 shares of the semiconductor company’s stock worth $516,555,000 after acquiring an additional 458,103 shares during the last quarter. State Street Corp grew its holdings in Teradyne by 0.5% in the 2nd quarter. State Street Corp now owns 5,441,993 shares of the semiconductor company’s stock worth $163,420,000 after acquiring an additional 27,857 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Teradyne by 71.0% in the 2nd quarter. Wells Fargo & Company MN now owns 4,293,075 shares of the semiconductor company’s stock worth $128,922,000 after acquiring an additional 1,781,854 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Teradyne by 238.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,877,810 shares of the semiconductor company’s stock worth $116,451,000 after acquiring an additional 2,731,167 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.
Teradyne Company Profile
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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