Investors Purchase High Volume of Teradyne Call Options (TER)

Teradyne, Inc. (NYSE:TER) was the recipient of unusually large options trading on Tuesday. Stock traders bought 24,391 call options on the stock. This is an increase of 8,311% compared to the average volume of 290 call options.

In other Teradyne news, Director Michael A. Bradley sold 20,000 shares of Teradyne stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $43.67, for a total transaction of $873,400.00. Following the sale, the director now directly owns 133,504 shares in the company, valued at approximately $5,830,119.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brad Robbins sold 12,045 shares of Teradyne stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $42.19, for a total value of $508,178.55. Following the sale, the insider now owns 7,126 shares in the company, valued at $300,645.94. The disclosure for this sale can be found here. Insiders have sold a total of 140,206 shares of company stock worth $6,066,881 over the last three months. 0.62% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its stake in Teradyne by 13.3% during the 2nd quarter. BlackRock Inc. now owns 20,807,353 shares of the semiconductor company’s stock worth $624,846,000 after buying an additional 2,437,869 shares during the last quarter. Coatue Management LLC bought a new position in Teradyne during the 2nd quarter worth $39,545,000. Argent Capital Management LLC bought a new position in Teradyne during the 3rd quarter worth $47,393,000. Renaissance Technologies LLC grew its stake in Teradyne by 200.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,886,700 shares of the semiconductor company’s stock worth $56,658,000 after buying an additional 1,259,599 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in Teradyne during the 2nd quarter worth $23,288,000. Institutional investors and hedge funds own 96.45% of the company’s stock.

Shares of Teradyne (NYSE:TER) opened at $47.19 on Friday. Teradyne has a twelve month low of $25.92 and a twelve month high of $47.30. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.96 and a quick ratio of 4.67. The firm has a market capitalization of $9,260.00, a P/E ratio of 22.05, a PEG ratio of 1.63 and a beta of 1.01.

Teradyne (NYSE:TER) last issued its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.11. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. The business had revenue of $503.40 million during the quarter, compared to the consensus estimate of $472.86 million. During the same period in the previous year, the business earned $0.31 EPS. The business’s quarterly revenue was up 22.6% on a year-over-year basis. sell-side analysts predict that Teradyne will post 2.22 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Wednesday, November 29th were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, November 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.59%. Teradyne’s dividend payout ratio (DPR) is 13.08%.

Several equities research analysts have issued reports on TER shares. KeyCorp restated a “buy” rating and set a $47.00 price objective on shares of Teradyne in a report on Friday, October 27th. Credit Suisse Group lifted their price objective on Teradyne from $36.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective on the stock in a report on Tuesday, December 26th. Evercore ISI upgraded Teradyne from an “in-line” rating to an “outperform” rating in a report on Tuesday, January 2nd. Finally, Citigroup lifted their price objective on Teradyne from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $42.55.

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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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