Teradyne, Inc. (NYSE:TER) insider Mark E. Jagiela sold 80,000 shares of Teradyne stock in a transaction on Friday, November 10th. The stock was sold at an average price of $43.55, for a total value of $3,484,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Teradyne, Inc. (TER) traded up $0.15 during mid-day trading on Tuesday, reaching $43.85. The company had a trading volume of 2,294,200 shares, compared to its average volume of 2,463,803. The firm has a market capitalization of $8,572.09, a P/E ratio of 19.86, a PEG ratio of 1.64 and a beta of 1.04. Teradyne, Inc. has a fifty-two week low of $23.39 and a fifty-two week high of $44.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.67 and a current ratio of 4.96.
Teradyne (NYSE:TER) last posted its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.11. The business 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%. Teradyne’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share. analysts anticipate that Teradyne, Inc. will post 2.22 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Wednesday, November 29th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.64%. Teradyne’s dividend payout ratio (DPR) is presently 13.08%.
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A number of research firms have recently weighed in on TER. BidaskClub downgraded Teradyne from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Robert W. Baird reissued a “positive” rating and set a $48.00 target price (up previously from $37.00) on shares of Teradyne in a report on Friday, October 27th. KeyCorp raised Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 target price for the company in a report on Thursday, July 27th. Zacks Investment Research raised Teradyne from a “sell” rating to a “hold” rating and set a $39.00 target price for the company in a report on Thursday, July 27th. Finally, Citigroup Inc. reissued a “buy” rating and set a $43.00 target price on shares of Teradyne in a report on Tuesday, September 19th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Teradyne currently has a consensus rating of “Buy” and a consensus price target of $40.17.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its stake in Teradyne by 13.3% during the second quarter. BlackRock Inc. now owns 20,807,353 shares of the semiconductor company’s stock worth $624,846,000 after acquiring an additional 2,437,869 shares in the last quarter. Vanguard Group Inc. raised its stake in Teradyne by 2.7% during the second quarter. Vanguard Group Inc. now owns 17,201,317 shares of the semiconductor company’s stock worth $516,555,000 after acquiring an additional 458,103 shares in the last quarter. State Street Corp raised its stake in Teradyne by 0.5% during the second quarter. State Street Corp now owns 5,441,993 shares of the semiconductor company’s stock worth $163,420,000 after acquiring an additional 27,857 shares in the last quarter. Wells Fargo & Company MN raised its stake in Teradyne by 10.2% during the third quarter. Wells Fargo & Company MN now owns 4,729,629 shares of the semiconductor company’s stock worth $176,368,000 after acquiring an additional 436,554 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Teradyne by 238.2% during the second quarter. JPMorgan Chase & Co. now owns 3,877,810 shares of the semiconductor company’s stock worth $116,451,000 after acquiring an additional 2,731,167 shares in the last quarter. 90.65% of the stock is owned by hedge funds and other institutional investors.
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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