Teradyne, Inc. (TER) Director Michael A. Bradley Sells 10,000 Shares
Teradyne, Inc. (NYSE:TER) Director Michael A. Bradley sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $42.80, for a total transaction of $428,000.00. Following the sale, the director now owns 145,836 shares in the company, valued at $6,241,780.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Teradyne, Inc. (NYSE:TER) traded up $0.15 on Friday, reaching $42.69. 54,634 shares of the company were exchanged, compared to its average volume of 2,531,446. The stock has a market capitalization of $8,417.75, a price-to-earnings ratio of 19.34 and a beta of 1.04.
Teradyne (NYSE:TER) last posted its earnings results 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. The firm had revenue of $503.40 million during the quarter, compared to the consensus estimate of $472.86 million. Teradyne had a net margin of 21.11% and a return on equity of 22.39%. The company’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. analysts forecast that Teradyne, Inc. will post 2.22 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of TER. JPMorgan Chase & Co. grew its position 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 acquiring an additional 2,731,167 shares in the last quarter. BlackRock Inc. grew its position in Teradyne by 13.3% in the second 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 in the last quarter. Wells Fargo & Company MN grew its position 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 acquiring an additional 1,781,854 shares in the last quarter. Coatue Management LLC acquired a new stake in Teradyne in the second quarter valued at approximately $39,545,000. Finally, Renaissance Technologies LLC grew its position in Teradyne by 200.9% in the second 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 in the last quarter. 92.24% of the stock is owned by institutional investors.
Several equities research analysts have commented on the stock. Citigroup Inc. boosted their target price on shares of Teradyne from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday. Robert W. Baird restated a “positive” rating and set a $48.00 target price (up from $37.00) on shares of Teradyne in a research report on Friday, October 27th. KeyCorp reiterated a “buy” rating and issued a $47.00 price objective on shares of Teradyne in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective on the stock in a research report on Friday, October 27th. Finally, Credit Suisse Group upped their target price on shares of Teradyne from $36.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price 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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