Teradyne Target of Unusually High Options Trading (TER)

Teradyne, Inc. (NYSE:TER) was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 24,391 call options on the stock. This represents an increase of 8,311% compared to the typical daily volume of 290 call options.

Several equities analysts have commented on TER shares. KeyCorp reiterated a “buy” rating and issued a $47.00 price objective on shares of Teradyne in a report on Friday, October 27th. Credit Suisse Group upped their price objective on shares of Teradyne from $36.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective on the stock in a report on Tuesday, December 26th. Evercore ISI upgraded shares of Teradyne from an “in-line” rating to an “outperform” rating in a report on Tuesday, January 2nd. Finally, Citigroup upped their price objective on shares of Teradyne from $43.00 to $48.00 and gave the company a “buy” rating in a report on Monday, October 30th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $42.55.

Teradyne (NYSE:TER) opened at $47.42 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.96 and a quick ratio of 4.67. Teradyne has a one year low of $25.92 and a one year high of $47.72. The company has a market cap of $9,300.00, a PE ratio of 22.16, a P/E/G ratio of 1.70 and a beta of 1.01.

Teradyne (NYSE:TER) last released its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.11. Teradyne had a net margin of 21.11% and a return on equity of 22.39%. The business had revenue of $503.40 million for the quarter, compared to the consensus estimate of $472.86 million. During the same period in the prior year, the company posted $0.31 earnings per share. Teradyne’s revenue was up 22.6% compared to the same quarter last year. research analysts anticipate that Teradyne will post 2.22 EPS for the current fiscal year.

In other Teradyne news, VP Charles Jeffrey Gray sold 8,161 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $42.25, for a total value of $344,802.25. Following the transaction, the vice president now directly owns 31,500 shares in the company, valued at $1,330,875. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brad Robbins sold 12,045 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $42.19, for a total transaction of $508,178.55. Following the completion of the transaction, the insider now owns 7,126 shares in the company, valued at $300,645.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,206 shares of company stock worth $6,066,881. Corporate insiders own 0.62% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in TER. BlackRock Inc. lifted its position in Teradyne by 13.3% during the second quarter. BlackRock Inc. now owns 20,807,353 shares of the semiconductor company’s stock worth $624,846,000 after purchasing an additional 2,437,869 shares during the period. Coatue Management LLC bought a new stake in Teradyne during the second quarter worth about $39,545,000. Argent Capital Management LLC bought a new stake in Teradyne during the third quarter worth about $47,393,000. Renaissance Technologies LLC lifted its position in Teradyne by 200.9% during the second quarter. Renaissance Technologies LLC now owns 1,886,700 shares of the semiconductor company’s stock worth $56,658,000 after purchasing an additional 1,259,599 shares during the period. Finally, Janus Henderson Group PLC bought a new stake in Teradyne during the second quarter worth about $23,288,000. Institutional investors and hedge funds own 96.45% of the company’s stock.

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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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