Teradyne Sees Unusually Large Options Volume (NASDAQ:TER)

Teradyne, Inc. (NASDAQ:TER) was the target of unusually large options trading on Thursday. Stock traders acquired 6,305 put options on the stock. This is an increase of 257% compared to the typical volume of 1,764 put options.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a report on Friday, August 16th. Craig Hallum lowered Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective for the company. in a report on Friday, July 26th. Robert W. Baird increased their price objective on Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Finally, Northland Capmk lowered Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $142.57.

Insider Transactions at Teradyne

In other news, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total transaction of $818,718.18. Following the completion of the sale, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at $4,768,072.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the sale, the director now owns 16,518 shares in the company, valued at $2,204,987.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the sale, the chief financial officer now owns 35,834 shares of the company’s stock, valued at $4,768,072.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,977 shares of company stock valued at $1,979,834 in the last three months. 0.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Teradyne

Hedge funds and other institutional investors have recently made changes to their positions in the business. Swedbank AB grew its position in Teradyne by 198.8% during the second quarter. Swedbank AB now owns 641,614 shares of the company’s stock worth $95,145,000 after buying an additional 426,900 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in Teradyne by 17.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock worth $37,887,000 after buying an additional 50,156 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Teradyne by 8.2% during the first quarter. Janney Montgomery Scott LLC now owns 188,733 shares of the company’s stock worth $21,295,000 after buying an additional 14,272 shares in the last quarter. MBB Public Markets I LLC acquired a new stake in Teradyne during the second quarter worth about $1,619,000. Finally, Empowered Funds LLC grew its position in Teradyne by 137.6% during the first quarter. Empowered Funds LLC now owns 20,028 shares of the company’s stock worth $2,260,000 after buying an additional 11,599 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Price Performance

Teradyne stock opened at $110.72 on Friday. The company has a market capitalization of $18.07 billion, a price-to-earnings ratio of 36.42, a PEG ratio of 2.57 and a beta of 1.49. Teradyne has a one year low of $81.07 and a one year high of $163.21. The company’s fifty day moving average price is $130.26 and its two-hundred day moving average price is $131.85.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.78 by $0.12. The firm had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. As a group, sell-side analysts anticipate that Teradyne will post 3.02 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Thursday, September 5th. Teradyne’s dividend payout ratio is currently 15.79%.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.