Teradyne, Inc. (TER) Director Michael A. Bradley Sells 17,390 Shares
Teradyne, Inc. (NYSE:TER) Director Michael A. Bradley sold 17,390 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $36.30, for a total value of $631,257.00. Following the transaction, the director now owns 154,132 shares in the company, valued at approximately $5,594,991.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Teradyne, Inc. (NYSE:TER) traded up 2.87% during trading on Friday, reaching $36.87. The company had a trading volume of 3,999,641 shares. The stock has a market capitalization of $7.29 billion, a P/E ratio of 19.02 and a beta of 0.94. Teradyne, Inc. has a 12-month low of $20.22 and a 12-month high of $36.94. The stock has a 50 day moving average of $34.69 and a 200-day moving average of $33.28.
Teradyne (NYSE:TER) last released its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.04. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The business had revenue of $697.00 million for the quarter, compared to analyst estimates of $683.66 million. During the same period in the previous year, the company earned $0.55 earnings per share. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. On average, analysts forecast that Teradyne, Inc. will post $1.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, September 6th. Teradyne’s dividend payout ratio is currently 14.51%.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its holdings in Teradyne by 5.8% in the second quarter. Pacer Advisors Inc. now owns 28,627 shares of the semiconductor company’s stock worth $860,000 after purchasing an additional 1,559 shares during the last quarter. Paradigm Asset Management Co. LLC grew its holdings in Teradyne by 193.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock worth $132,000 after purchasing an additional 2,900 shares during the last quarter. James Investment Research Inc. grew its holdings in Teradyne by 872.2% in the second quarter. James Investment Research Inc. now owns 48,610 shares of the semiconductor company’s stock worth $1,460,000 after purchasing an additional 43,610 shares during the last quarter. Cipher Capital LP grew its holdings in Teradyne by 47.5% in the second quarter. Cipher Capital LP now owns 118,758 shares of the semiconductor company’s stock worth $3,566,000 after purchasing an additional 38,247 shares during the last quarter. Finally, Cypress Capital Management LLC WY grew its holdings in Teradyne by 694.4% in the second quarter. Cypress Capital Management LLC WY now owns 10,725 shares of the semiconductor company’s stock worth $322,000 after purchasing an additional 9,375 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.
TER has been the topic of a number of research analyst reports. ValuEngine upgraded Teradyne from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research cut Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 5th. BidaskClub cut Teradyne from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Finally, Stifel Nicolaus raised Teradyne from a “hold” rating to a “buy” rating and boosted their price target for the stock from $32.00 to $39.00 in a research report on Wednesday, July 5th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Teradyne currently has a consensus rating of “Buy” and an average target price of $35.80.
Teradyne Company Profile
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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