Insider Selling: Teradyne, Inc. (TER) VP Sells 8,161 Shares of Stock
Teradyne, Inc. (NYSE:TER) VP Charles Jeffrey Gray sold 8,161 shares of Teradyne stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $42.25, for a total value of $344,802.25. Following the completion of the sale, the vice president now directly owns 31,500 shares in the company, valued at approximately $1,330,875. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Teradyne, Inc. (TER) traded down 0.12% during midday trading on Monday, reaching $42.69. 2,274,413 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $37.68 and a 200 day moving average price of $34.92. Teradyne, Inc. has a 12 month low of $22.68 and a 12 month high of $42.90. The firm has a market cap of $8.45 billion, a PE ratio of 22.03 and a beta of 0.98.
Teradyne (NYSE:TER) last issued its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.11. Teradyne had a net margin of 21.11% and a return on equity of 22.39%. The business had revenue of $503.40 million during the quarter, compared to the consensus estimate of $472.86 million. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. Equities research analysts predict that Teradyne, Inc. will post $2.06 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in TER. JPMorgan Chase & Co. grew its position in shares of Teradyne by 238.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,877,810 shares of the semiconductor company’s stock valued at $116,451,000 after acquiring an additional 2,731,167 shares during the period. BlackRock Inc. grew its position in shares of Teradyne by 13.3% during the 2nd quarter. BlackRock Inc. now owns 20,807,353 shares of the semiconductor company’s stock valued at $624,846,000 after acquiring an additional 2,437,869 shares during the period. Wells Fargo & Company MN grew its position in shares of Teradyne by 71.0% during the 2nd quarter. Wells Fargo & Company MN now owns 4,293,075 shares of the semiconductor company’s stock valued at $128,922,000 after acquiring an additional 1,781,854 shares during the period. Coatue Management LLC bought a new position in shares of Teradyne during the 2nd quarter valued at approximately $39,545,000. Finally, Renaissance Technologies LLC grew its position in shares of Teradyne by 200.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,886,700 shares of the semiconductor company’s stock valued at $56,658,000 after acquiring an additional 1,259,599 shares during the period. 92.24% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on TER shares. Stifel Nicolaus raised Teradyne from a “hold” rating to a “buy” rating and lifted their price target for the company from $32.00 to $39.00 in a research note on Wednesday, July 5th. They noted that the move was a valuation call. BidaskClub downgraded Teradyne from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Zacks Investment Research downgraded Teradyne from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. KeyCorp upgraded Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 price objective for the company in a report on Thursday, July 27th. Finally, Credit Suisse Group restated a “neutral” rating on shares of Teradyne in a report on Thursday, July 27th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Teradyne presently has a consensus rating of “Buy” and an average price target of $40.17.
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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