Teradyne, Inc. (NYSE:TER) insider Brad Robbins sold 15,892 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $34.54, for a total value of $548,909.68. Following the sale, the insider now owns 19,171 shares of the company’s stock, valued at approximately $662,166.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Teradyne, Inc. (NYSE TER) traded up 0.39% during trading on Friday, hitting $33.87. The company had a trading volume of 1,313,558 shares. Teradyne, Inc. has a 52-week low of $20.07 and a 52-week high of $36.86. The firm’s 50 day moving average is $33.63 and its 200-day moving average is $32.40. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 17.48 and a beta of 0.95.
Teradyne (NYSE:TER) last released its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.04. The business had revenue of $697 million during the quarter, compared to analysts’ expectations of $683.66 million. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 EPS. On average, equities analysts forecast that Teradyne, Inc. will post $1.97 earnings per share for the current year.
Large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Teradyne by 13.3% in the second 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 period. Vanguard Group Inc. boosted its stake in shares of Teradyne by 2.7% in the second quarter. Vanguard Group Inc. now owns 17,201,317 shares of the semiconductor company’s stock worth $516,555,000 after buying an additional 458,103 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Teradyne by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 8,920,206 shares of the semiconductor company’s stock worth $277,418,000 after buying an additional 29,594 shares during the period. State Street Corp boosted its stake in shares of Teradyne by 0.5% in the second quarter. State Street Corp now owns 5,441,993 shares of the semiconductor company’s stock worth $163,420,000 after buying an additional 27,857 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Teradyne by 71.0% in the second quarter. Wells Fargo & Company MN now owns 4,293,075 shares of the semiconductor company’s stock worth $128,922,000 after buying an additional 1,781,854 shares during the period. 92.90% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on TER. BidaskClub upgraded Teradyne from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research lowered Teradyne from a “strong-buy” rating to a “hold” rating in a report on Monday, June 5th. KeyCorp raised Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 price target on the stock in a research report on Thursday, July 27th. Stifel Nicolaus raised Teradyne from a “hold” rating to a “buy” rating and upped their price target for the stock from $32.00 to $39.00 in a research report on Wednesday, July 5th. They noted that the move was a valuation call. Finally, Cowen and Company upped their price target on Teradyne from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, April 27th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $35.70.
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.
Receive News & Ratings for Teradyne Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne Inc. and related companies with our FREE daily email newsletter.