Teradyne Inc. (TER) Trading Up 2.3%
Teradyne Inc. (NYSE:TER) shares were up 2.3% during trading on Wednesday . The company traded as high as $21.39 and last traded at $21.35, with a volume of 1,338,920 shares trading hands. The stock had previously closed at $20.88.
A number of research analysts have recently commented on TER shares. Zacks Investment Research raised Teradyne from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, April 26th. Needham & Company LLC started coverage on Teradyne in a research note on Thursday, July 7th. They set a “buy” rating and a $23.00 target price on the stock. Deutsche Bank AG reaffirmed a “buy” rating on shares of Teradyne in a research note on Sunday, June 26th. Cowen and Company reaffirmed an “outperform” rating and set a $23.00 target price on shares of Teradyne in a research note on Sunday, May 1st. Finally, Susquehanna upped their target price on Teradyne from $22.00 to $23.00 and gave the company a “positive” rating in a research note on Monday, March 28th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $22.75.
The firm has a 50 day moving average price of $19.71 and a 200-day moving average price of $19.72. The company has a market capitalization of $4.24 billion and a P/E ratio of 19.60.
Teradyne (NYSE:TER) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. During the same period in the previous year, the company earned $0.17 EPS. The business earned $431 million during the quarter, compared to analyst estimates of $425.70 million. Teradyne’s revenue was up 26.0% on a year-over-year basis. Equities research analysts forecast that Teradyne Inc. will post $1.42 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Wednesday, June 1st were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Friday, May 27th.
In other news, Director Daniel W. Christman sold 3,668 shares of the stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $18.86, for a total value of $69,178.48. Following the completion of the sale, the director now owns 24,596 shares of the company’s stock, valued at $463,880.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Several large investors have added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Teradyne by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 14,121,381 shares of the company’s stock valued at $291,890,000 after buying an additional 77,722 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in Teradyne by 1.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 50,725 shares of the company’s stock valued at $1,049,000 after buying an additional 550 shares during the last quarter. Sei Investments Co. raised its stake in Teradyne by 75.1% in the fourth quarter. Sei Investments Co. now owns 350,378 shares of the company’s stock valued at $7,242,000 after buying an additional 150,317 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in Teradyne during the fourth quarter valued at about $1,056,000. Finally, Comerica Bank raised its stake in Teradyne by 4.6% in the fourth quarter. Comerica Bank now owns 176,648 shares of the company’s stock valued at $3,376,000 after buying an additional 7,756 shares during the last quarter.
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, computing, communications and aerospace and defense industries.
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