Teradyne, Inc. (NYSE:TER) insider Mark E. Jagiela sold 30,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $44.96, for a total value of $1,348,800.00. Following the sale, the insider now owns 244,516 shares of the company’s stock, valued at approximately $10,993,439.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Teradyne, Inc. (TER) traded up $0.02 during midday trading on Thursday, hitting $42.73. 1,140,634 shares of the company traded hands, compared to its average volume of 3,026,954. The company has a market capitalization of $7,940.46, a PE ratio of 33.54, a PEG ratio of 1.37 and a beta of 1.13. The company has a current ratio of 5.00, a quick ratio of 4.76 and a debt-to-equity ratio of 0.19. Teradyne, Inc. has a twelve month low of $28.38 and a twelve month high of $48.53.
Teradyne (NYSE:TER) last announced its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.12. The firm had revenue of $479.00 million during the quarter, compared to analysts’ expectations of $438.85 million. Teradyne had a net margin of 12.06% and a return on equity of 23.37%. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 earnings per share. sell-side analysts predict that Teradyne, Inc. will post 2.47 earnings per share for the current year.
Teradyne announced that its board has authorized a stock buyback program on Wednesday, January 24th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the semiconductor company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Monday, January 29th. ValuEngine raised shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Citigroup upped their price target on shares of Teradyne from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Robert W. Baird reissued a “positive” rating and set a $48.00 target price (up from $37.00) on shares of Teradyne in a research report on Friday, October 27th. Finally, Stifel Nicolaus increased their target price on shares of Teradyne from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $48.00.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in shares of Teradyne by 192.6% during the third quarter. Janney Montgomery Scott LLC now owns 60,254 shares of the semiconductor company’s stock worth $2,247,000 after buying an additional 39,659 shares in the last quarter. State of Tennessee Treasury Department increased its holdings in shares of Teradyne by 28.6% in the third quarter. State of Tennessee Treasury Department now owns 180,000 shares of the semiconductor company’s stock valued at $6,712,000 after purchasing an additional 40,000 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Teradyne by 21.2% in the third quarter. Pacer Advisors Inc. now owns 34,685 shares of the semiconductor company’s stock valued at $1,293,000 after purchasing an additional 6,058 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Teradyne by 78.7% in the third quarter. Van ECK Associates Corp now owns 340,488 shares of the semiconductor company’s stock valued at $12,697,000 after purchasing an additional 149,914 shares in the last quarter. Finally, Vident Investment Advisory LLC increased its holdings in shares of Teradyne by 31.1% in the third quarter. Vident Investment Advisory LLC now owns 445,168 shares of the semiconductor company’s stock valued at $16,600,000 after purchasing an additional 105,510 shares in the last quarter. 95.71% of the stock is owned by institutional investors.
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Teradyne Company Profile
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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