Teradyne, Inc. (TER) Issues Earnings Results
Teradyne, Inc. (NYSE:TER) issued its quarterly earnings results on Tuesday. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04, Bloomberg Earnings reports. The firm had revenue of $697 million during the quarter, compared to analyst estimates of $683.66 million. Teradyne had a positive return on equity of 18.34% and a negative net margin of 0.46%. The firm’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS.
Teradyne (TER) traded up 1.94% during mid-day trading on Wednesday, hitting $36.80. The stock had a trading volume of 5,085,582 shares. The company has a 50-day moving average price of $33.03 and a 200 day moving average price of $31.59. Teradyne has a 1-year low of $19.43 and a 1-year high of $36.86. The company’s market cap is $7.32 billion.
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A number of equities analysts have issued reports on TER shares. Deutsche Bank AG increased their price target on Teradyne from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, April 24th. ValuEngine raised Teradyne from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Needham & Company LLC increased their price target on Teradyne from $32.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, April 28th. BidaskClub lowered Teradyne from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, Stifel Nicolaus raised Teradyne from a “hold” rating to a “buy” rating and increased 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Teradyne currently has an average rating of “Buy” and a consensus price target of $31.71.
In other Teradyne news, Director Michael A. Bradley sold 9,235 shares of Teradyne stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $35.32, for a total transaction of $326,180.20. Following the completion of the sale, the director now owns 195,405 shares of the company’s stock, valued at approximately $6,901,704.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel W. Christman sold 3,232 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $35.65, for a total transaction of $115,220.80. Following the completion of the transaction, the director now directly owns 30,163 shares of the company’s stock, valued at approximately $1,075,310.95. The disclosure for this sale can be found here. Insiders have sold a total of 20,467 shares of company stock valued at $721,961 in the last ninety days. Company insiders own 0.62% of the company’s stock.
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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