Michael A. Bradley Sells 20,000 Shares of Teradyne, Inc. (TER) Stock
Teradyne, Inc. (NYSE:TER) Director Michael A. Bradley sold 20,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $43.67, for a total value of $873,400.00. Following the completion of the sale, the director now owns 133,504 shares of the company’s stock, valued at $5,830,119.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Teradyne, Inc. (NYSE TER) traded down $0.26 during trading hours on Friday, hitting $43.57. The stock had a trading volume of 1,618,833 shares, compared to its average volume of 2,452,799. The company has a market cap of $8,600.00, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 1.63 and a beta of 1.04. The company has a current ratio of 4.96, a quick ratio of 4.67 and a debt-to-equity ratio of 0.17. Teradyne, Inc. has a 1 year low of $23.39 and a 1 year high of $44.33.
Teradyne (NYSE:TER) last released its earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 22.39% and a net margin of 21.11%. The company’s revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS. analysts expect that Teradyne, Inc. will post 2.22 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, November 29th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.64%. Teradyne’s payout ratio is 13.08%.
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Several institutional investors have recently bought and sold shares of TER. OppenheimerFunds Inc. raised its holdings in shares of Teradyne by 9.3% during the 1st quarter. OppenheimerFunds Inc. now owns 14,182 shares of the semiconductor company’s stock worth $441,000 after buying an additional 1,210 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of Teradyne by 36.4% during the 1st quarter. Teachers Advisors LLC now owns 380,846 shares of the semiconductor company’s stock worth $11,844,000 after buying an additional 101,600 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Teradyne by 6.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,207 shares of the semiconductor company’s stock worth $224,000 after buying an additional 454 shares in the last quarter. Capstone Asset Management Co. raised its holdings in shares of Teradyne by 7.5% during the 2nd quarter. Capstone Asset Management Co. now owns 16,793 shares of the semiconductor company’s stock worth $504,000 after buying an additional 1,170 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Teradyne by 11.1% during the 2nd quarter. Bank of Montreal Can now owns 499,101 shares of the semiconductor company’s stock worth $14,988,000 after buying an additional 50,000 shares in the last quarter. 90.65% of the stock is owned by institutional investors.
Several analysts recently issued reports on the company. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Friday, September 8th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $41.00 price target (up from $32.00) on shares of Teradyne in a research note on Monday, September 18th. BidaskClub upgraded Teradyne from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Stifel Nicolaus restated a “buy” rating on shares of Teradyne in a research note on Thursday, July 27th. Finally, KeyCorp restated a “buy” rating and issued a $40.00 price target on shares of Teradyne in a research note on Tuesday, September 5th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $40.17.
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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