Teradyne Sees Unusually High Options Volume (NASDAQ:TER)
by Tristan Rich · The Markets DailyTeradyne, Inc. (NASDAQ:TER – Get Free Report) saw some unusual options trading activity on Tuesday. Traders purchased 7,279 put options on the company. This represents an increase of approximately 45% compared to the typical volume of 5,022 put options.
Teradyne Stock Up 2.6%
Shares of TER traded up $5.68 during trading hours on Tuesday, reaching $225.18. The stock had a trading volume of 575,331 shares, compared to its average volume of 2,607,659. The company has a market cap of $35.26 billion, a P/E ratio of 82.06, a P/E/G ratio of 1.50 and a beta of 1.84. Teradyne has a 52 week low of $65.77 and a 52 week high of $226.35. The firm has a 50-day moving average of $185.70 and a 200 day moving average of $139.49.
Teradyne (NASDAQ:TER – Get Free Report) last posted its earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The firm had revenue of $769.21 million during the quarter, compared to analysts’ expectations of $744.20 million. During the same period in the previous year, the firm earned $0.90 earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. As a group, equities analysts expect that Teradyne will post 3.88 earnings per share for the current year.
Teradyne Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Monday, November 24th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, November 24th. Teradyne’s dividend payout ratio is 17.45%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. Evercore ISI boosted their price target on shares of Teradyne from $120.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Citigroup upped their target price on shares of Teradyne from $117.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Teradyne in a research note on Wednesday, October 8th. Bank of America raised Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 price objective for the company in a research note on Wednesday, October 29th. Finally, Robert W. Baird set a $195.00 price objective on Teradyne in a report on Friday, October 31st. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $185.75.
Read Our Latest Analysis on TER
Insider Activity at Teradyne
In related news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the sale, the chief executive officer directly owned 93,409 shares in the company, valued at $18,804,165.79. This represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 3,324 shares of company stock valued at $583,639. 0.16% of the stock is owned by insiders.
Institutional Investors Weigh In On Teradyne
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in shares of Teradyne during the 3rd quarter worth approximately $31,000. Davidson Capital Management Inc. bought a new stake in shares of Teradyne in the third quarter worth $31,000. Hemington Wealth Management boosted its holdings in Teradyne by 43.2% during the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in Teradyne in the third quarter valued at $41,000. Finally, Orion Capital Management LLC bought a new position in Teradyne in the third quarter valued at $47,000. Institutional investors and hedge funds own 99.77% of the company’s stock.
About Teradyne
Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.
The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.