Teradyne, Inc. (NASDAQ:TER – Get Free Report) VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the completion of the sale, the vice president owned 7,665 shares of the company’s stock, valued at $2,894,304. The trade was a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Teradyne Price Performance
TER stock opened at $363.39 on Thursday. The business has a 50-day moving average price of $334.04 and a 200 day moving average price of $261.55. The company has a market capitalization of $56.89 billion, a P/E ratio of 67.29, a PEG ratio of 1.47 and a beta of 1.79. Teradyne, Inc. has a 1-year low of $75.99 and a 1-year high of $422.11.
Teradyne (NASDAQ:TER – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.45. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The firm’s quarterly revenue was up 87.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. On average, analysts anticipate that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.
Teradyne Increases Dividend
Analyst Ratings Changes
A number of equities analysts have commented on TER shares. Zacks Research downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Morgan Stanley set a $387.00 target price on shares of Teradyne in a report on Thursday, April 30th. Susquehanna boosted their target price on shares of Teradyne from $335.00 to $415.00 and gave the stock a “positive” rating in a report on Thursday, April 9th. The Goldman Sachs Group boosted their target price on shares of Teradyne from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada set a $270.00 target price on shares of Teradyne in a report on Monday, February 2nd. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $339.80.
Check Out Our Latest Stock Analysis on TER
Hedge Funds Weigh In On Teradyne
Hedge funds have recently modified their holdings of the stock. ARK Investment Management LLC boosted its position in Teradyne by 25.2% in the third quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company’s stock valued at $374,701,000 after buying an additional 548,140 shares during the last quarter. Nordea Investment Management AB boosted its position in Teradyne by 656.4% in the fourth quarter. Nordea Investment Management AB now owns 125,312 shares of the company’s stock valued at $24,554,000 after buying an additional 108,745 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Teradyne by 9.2% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,120 shares of the company’s stock valued at $12,542,000 after buying an additional 7,648 shares during the last quarter. Aspen Wealth Strategies LLC purchased a new stake in Teradyne in the third quarter valued at approximately $577,000. Finally, Assenagon Asset Management S.A. boosted its position in Teradyne by 3,233.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock valued at $176,144,000 after buying an additional 882,723 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.
Teradyne Company Profile
Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.
The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.
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