Teradyne, Inc. (NYSE:TER) was the target of unusually large options trading on Wednesday. Traders purchased 1,724 put options on the stock. This represents an increase of 1,049% compared to the typical daily volume of 150 put options.
Several equities research analysts recently weighed in on TER shares. UBS Group lifted their price target on Teradyne from $47.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Credit Suisse Group increased their price target on shares of Teradyne from $55.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Stifel Nicolaus reissued a “hold” rating and set a $55.00 price target on shares of Teradyne in a research report on Tuesday, December 3rd. Citigroup boosted their price objective on shares of Teradyne from $66.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Evercore ISI upgraded shares of Teradyne from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $65.00 to $85.00 in a report on Monday. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $64.00.
In other news, Director Michael A. Bradley sold 14,148 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $61.92, for a total transaction of $876,044.16. Following the completion of the sale, the director now directly owns 56,594 shares in the company, valued at $3,504,300.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider King Wallace 362,138 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. Over the last 90 days, insiders have sold 46,234 shares of company stock worth $2,922,166. 0.49% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the business. FNY Investment Advisers LLC lifted its position in Teradyne by 63.6% during the fourth quarter. FNY Investment Advisers LLC now owns 625 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 243 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Teradyne by 35.9% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,063 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 281 shares in the last quarter. Smithfield Trust Co. raised its stake in Teradyne by 1,670.6% during the 3rd quarter. Smithfield Trust Co. now owns 1,505 shares of the semiconductor company’s stock worth $87,000 after acquiring an additional 1,420 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Teradyne during the 2nd quarter valued at approximately $91,000. Finally, Captrust Financial Advisors boosted its holdings in Teradyne by 10.3% in the 2nd quarter. Captrust Financial Advisors now owns 2,391 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 224 shares in the last quarter.
Shares of NYSE TER traded up $1.27 during midday trading on Thursday, hitting $70.42. The stock had a trading volume of 139,203 shares, compared to its average volume of 1,575,453. The business’s 50 day moving average is $66.92 and its 200-day moving average is $58.86. Teradyne has a 52 week low of $31.35 and a 52 week high of $70.74. The company has a quick ratio of 3.76, a current ratio of 4.10 and a debt-to-equity ratio of 0.23. The company has a market cap of $11.59 billion, a P/E ratio of 30.09, a PEG ratio of 2.02 and a beta of 1.25.
Teradyne (NYSE:TER) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. The company had revenue of $582.04 million during the quarter, compared to analysts’ expectations of $565.43 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. Teradyne’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, analysts expect that Teradyne will post 2.25 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Wednesday, November 27th were issued a dividend of $0.09 per share. The ex-dividend date was Tuesday, November 26th. This represents a $0.36 annualized dividend and a yield of 0.51%. Teradyne’s payout ratio is presently 15.38%.
Teradyne Company Profile
Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.
Read More: Equal Weight Rating
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