Teradyne Sees Unusually Large Options Volume (TER)

Teradyne, Inc. (NYSE:TER) was the target of unusually large options trading activity on Wednesday. Stock traders purchased 4,203 put options on the company. This represents an increase of 1,104% compared to the average daily volume of 349 put options.

Several equities analysts have issued reports on TER shares. Zacks Investment Research upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Craig Hallum cut shares of Teradyne from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Robert W. Baird cut shares of Teradyne from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $50.68 to $29.89 in a research report on Friday, December 21st. Northland Securities began coverage on shares of Teradyne in a research report on Tuesday, December 18th. They set a “market perform” rating and a $35.00 price objective for the company. Finally, Credit Suisse Group reiterated a “hold” rating on shares of Teradyne in a research report on Friday, January 25th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $37.93.

In other Teradyne news, VP Charles Jeffrey Gray sold 33,156 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $36.69, for a total value of $1,216,493.64. Following the completion of the transaction, the vice president now directly owns 35,415 shares in the company, valued at approximately $1,299,376.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mark E. Jagiela sold 139,935 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $39.19, for a total transaction of $5,484,052.65. Following the completion of the transaction, the insider now owns 335,555 shares of the company’s stock, valued at $13,150,400.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 211,079 shares of company stock valued at $8,102,210. 0.49% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in Teradyne during the fourth quarter worth $76,752,000. Oregon Public Employees Retirement Fund lifted its stake in shares of Teradyne by 2,983.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,334,484 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 2,258,762 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Teradyne by 15.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,966,313 shares of the semiconductor company’s stock valued at $61,703,000 after buying an additional 262,014 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of Teradyne by 11.5% in the fourth quarter. Two Sigma Advisers LP now owns 1,870,875 shares of the semiconductor company’s stock valued at $58,708,000 after buying an additional 192,340 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Teradyne by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 1,858,833 shares of the semiconductor company’s stock valued at $58,330,000 after buying an additional 61,482 shares in the last quarter.

Shares of NYSE TER opened at $43.92 on Thursday. The firm has a market cap of $7.56 billion, a P/E ratio of 18.76, a P/E/G ratio of 2.02 and a beta of 1.25. Teradyne has a 12-month low of $28.73 and a 12-month high of $45.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.76 and a current ratio of 4.10.

Teradyne (NYSE:TER) last issued its earnings results on Wednesday, January 23rd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.13. The business had revenue of $520.00 million for the quarter, compared to analyst estimates of $494.17 million. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. Teradyne’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 earnings per share. Equities research analysts predict that Teradyne will post 2.25 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 22nd were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.82%. The ex-dividend date was Thursday, February 21st. Teradyne’s dividend payout ratio is presently 15.38%.

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About Teradyne

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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