Teradyne, Inc. (NYSE:TER) was the target of some unusual options trading activity on Monday. Traders acquired 3,908 put options on the company. This represents an increase of approximately 1,968% compared to the average volume of 189 put options.
TER has been the subject of a number of research reports. Citigroup reaffirmed a “buy” rating and issued a $41.00 price objective (down from $47.00) on shares of Teradyne in a research note on Monday, December 17th. Credit Suisse Group reaffirmed a “hold” rating on shares of Teradyne in a research note on Friday, January 25th. Stifel Nicolaus lowered their price objective on shares of Teradyne from $47.00 to $42.50 and set a “buy” rating for the company in a research note on Wednesday, January 23rd. Northland Securities initiated coverage on shares of Teradyne in a research note on Tuesday, December 18th. They issued a “market perform” rating and a $35.00 price objective for the company. Finally, ValuEngine raised shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Monday, November 26th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $39.04.
Shares of Teradyne stock opened at $40.39 on Tuesday. The stock has a market capitalization of $7.03 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 2.02 and a beta of 1.25. The company has a quick ratio of 3.76, a current ratio of 4.10 and a debt-to-equity ratio of 0.23. Teradyne has a one year low of $28.73 and a one year high of $50.29.
Teradyne (NYSE:TER) last announced its earnings results on Wednesday, January 23rd. The semiconductor company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.13. The business had revenue of $520.00 million during the quarter, compared to the consensus estimate of $494.17 million. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. On average, sell-side analysts anticipate that Teradyne will post 2.25 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, February 22nd will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, February 21st. This represents a $0.36 dividend on an annualized basis and a yield of 0.89%. Teradyne’s dividend payout ratio is presently 15.38%.
In other news, insider Gregory Stephen Smith sold 11,210 shares of the business’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $36.82, for a total transaction of $412,752.20. Following the completion of the sale, the insider now directly owns 25,993 shares of the company’s stock, valued at $957,062.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Charles Jeffrey Gray sold 33,156 shares of the business’s stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $36.69, for a total transaction of $1,216,493.64. Following the sale, the vice president now directly owns 35,415 shares of the company’s stock, valued at $1,299,376.35. The disclosure for this sale can be found here. Insiders have sold 211,079 shares of company stock worth $8,102,210 in the last quarter. Company insiders own 0.49% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. PRW Wealth Management LLC acquired a new position in shares of Teradyne during the fourth quarter valued at about $27,000. Capital Financial Planning LLC acquired a new position in shares of Teradyne during the fourth quarter valued at about $31,000. Captrust Financial Advisors increased its holdings in Teradyne by 49.6% in the 4th quarter. Captrust Financial Advisors now owns 1,785 shares of the semiconductor company’s stock worth $56,000 after buying an additional 592 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Teradyne by 2,983.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,334,484 shares of the semiconductor company’s stock worth $74,000 after buying an additional 2,258,762 shares during the period. Finally, ETF Managers Group LLC increased its holdings in Teradyne by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 2,822 shares of the semiconductor company’s stock worth $89,000 after buying an additional 384 shares during the period.
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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.
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