Teradyne, Inc. (TER) Stock Price Up 7.4% on Better-Than-Expected Earnings

Shares of Teradyne, Inc. (NYSE:TER) rose 7.4% on Thursday following a stronger than expected earnings report. The stock traded as high as $42.25 and last traded at $42.03. Approximately 8,436,882 shares traded hands during mid-day trading, an increase of 248% from the average daily volume of 2,424,100 shares. The stock had previously closed at $39.12.

The semiconductor company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.11. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. The business had revenue of $503.40 million during the quarter, compared to analyst estimates of $472.86 million. During the same period in the prior year, the company earned $0.31 earnings per share. Teradyne’s revenue was up 22.6% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 7th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.67%. The ex-dividend date was Wednesday, September 6th. Teradyne’s dividend payout ratio (DPR) is 14.51%.

A number of equities analysts have recently commented on the company. Zacks Investment Research raised Teradyne from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Friday, September 8th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $41.00 price target (up from $32.00) on shares of Teradyne in a report on Monday, September 18th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Teradyne in a report on Thursday, July 27th. BidaskClub raised Teradyne from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Finally, Cowen and Company set a $41.00 price target on Teradyne and gave the stock a “buy” rating in a report on Friday, July 28th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $36.83.

In related news, Director Edwin J. Gillis sold 41,000 shares of Teradyne stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $35.63, for a total transaction of $1,460,830.00. Following the completion of the sale, the director now owns 49,638 shares of the company’s stock, valued at $1,768,601.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark E. Jagiela sold 30,000 shares of Teradyne stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $34.50, for a total value of $1,035,000.00. Following the sale, the insider now directly owns 248,413 shares of the company’s stock, valued at approximately $8,570,248.50. The disclosure for this sale can be found here. Insiders have sold 125,806 shares of company stock valued at $4,463,948 in the last three months. 0.62% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. WFG Advisors LP boosted its stake in Teradyne by 21.9% during the second quarter. WFG Advisors LP now owns 3,900 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 700 shares during the period. Paradigm Asset Management Co. LLC boosted its stake in Teradyne by 193.3% during the second quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock valued at $132,000 after buying an additional 2,900 shares during the period. IFP Advisors Inc boosted its stake in Teradyne by 4.6% during the second quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 211 shares during the period. Fiduciary Trust Co. bought a new stake in Teradyne during the second quarter valued at $147,000. Finally, Norman Fields Gottscho Capital Management LLC bought a new stake in Teradyne during the third quarter valued at $229,000. 93.11% of the stock is owned by institutional investors.

The stock’s 50 day moving average is $37.30 and its 200-day moving average is $34.79. The firm has a market capitalization of $8.31 billion, a P/E ratio of 21.69 and a beta of 0.98.

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About Teradyne

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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