Teradyne Inc. (TER) Trading 2.3% Higher
Teradyne Inc. (NYSE:TER) traded up 2.3% during trading on Wednesday . The stock traded as high as $21.39 and last traded at $21.35, with a volume of 1,338,920 shares traded. The stock had previously closed at $20.88.
A number of research analysts recently issued reports on the stock. Deutsche Bank AG reissued a “buy” rating on shares of Teradyne in a research report on Sunday, June 26th. Needham & Company LLC assumed coverage on shares of Teradyne in a research report on Thursday, July 7th. They set a “buy” rating and a $23.00 price target for the company. Zacks Investment Research cut shares of Teradyne from a “buy” rating to a “sell” rating in a research report on Monday, May 2nd. Cowen and Company reissued an “outperform” rating and set a $23.00 price target on shares of Teradyne in a research report on Sunday, May 1st. Finally, Susquehanna lifted their price target on shares of Teradyne from $22.00 to $23.00 and gave the company a “positive” rating in a research report on Monday, March 28th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $22.75.
The stock has a 50-day moving average of $19.61 and a 200 day moving average of $19.70. The firm has a market cap of $4.30 billion and a P/E ratio of 19.90.
Teradyne (NYSE:TER) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The firm earned $431 million during the quarter, compared to analysts’ expectations of $425.70 million. During the same quarter in the previous year, the business posted $0.17 EPS. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. On average, equities analysts anticipate that Teradyne Inc. will post $1.42 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Wednesday, June 1st were issued a $0.06 dividend. The ex-dividend date was Friday, May 27th. This represents a $0.24 dividend on an annualized basis and a yield of 1.13%.
In other Teradyne news, Director Daniel W. Christman sold 3,668 shares of the firm’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $18.86, for a total value of $69,178.48. Following the transaction, the director now owns 24,596 shares in the company, valued at approximately $463,880.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Other hedge funds recently made changes to their positions in the company. Numeric Investors LLC raised its stake in shares of Teradyne by 77.9% in the fourth quarter. Numeric Investors LLC now owns 48,400 shares of the company’s stock worth $1,000,000 after buying an additional 21,200 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Teradyne by 1.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 50,725 shares of the company’s stock worth $1,049,000 after buying an additional 550 shares in the last quarter. Quantitative Investment Management LLC bought a new stake in shares of Teradyne during the fourth quarter worth approximately $1,056,000. US Bancorp DE raised its stake in shares of Teradyne by 38.1% in the fourth quarter. US Bancorp DE now owns 68,199 shares of the company’s stock worth $1,410,000 after buying an additional 18,814 shares in the last quarter. Finally, Stevens Capital Management LP raised its stake in shares of Teradyne by 557.2% in the fourth quarter. Stevens Capital Management LP now owns 78,266 shares of the company’s stock worth $1,618,000 after buying an additional 66,357 shares in 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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