Investors Purchase High Volume of Put Options on Teradyne (NASDAQ:TER)

Teradyne, Inc. (NASDAQ:TER) was the recipient of unusually large options trading activity on Friday. Traders acquired 2,546 put options on the company. This represents an increase of 104% compared to the average volume of 1,248 put options.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TER. Evercore ISI began coverage on shares of Teradyne in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price target on the stock. Susquehanna boosted their price target on shares of Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. boosted their price target on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Robert W. Baird boosted their price target on shares of Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, KeyCorp boosted their price target on shares of Teradyne from $140.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and a consensus price target of $122.17.

Insider Buying and Selling

In related news, insider Richard John Burns sold 5,005 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $137.64, for a total transaction of $688,888.20. Following the transaction, the insider now directly owns 21,780 shares in the company, valued at $2,997,799.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Teradyne news, insider Richard John Burns sold 5,005 shares of Teradyne stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $137.64, for a total transaction of $688,888.20. Following the transaction, the insider now directly owns 21,780 shares of the company’s stock, valued at $2,997,799.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $121.20, for a total transaction of $75,750.00. Following the transaction, the director now directly owns 17,142 shares in the company, valued at $2,077,610.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,380 shares of company stock worth $1,214,863. 0.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TER. Cornerstone Planning Group LLC acquired a new position in shares of Teradyne in the 3rd quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Teradyne in the 3rd quarter valued at $27,000. CVA Family Office LLC purchased a new stake in Teradyne in the 4th quarter valued at $33,000. Bfsg LLC purchased a new stake in Teradyne in the 1st quarter valued at $34,000. Finally, NBC Securities Inc. purchased a new stake in Teradyne in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Up 2.7 %

NASDAQ TER opened at $144.01 on Friday. Teradyne has a 52 week low of $81.07 and a 52 week high of $145.64. The stock has a market capitalization of $22.48 billion, a PE ratio of 54.76, a price-to-earnings-growth ratio of 2.71 and a beta of 1.50. The firm has a 50 day moving average of $115.08 and a two-hundred day moving average of $105.62.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The company had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. During the same quarter in the previous year, the business posted $0.55 EPS. The firm’s revenue was down 2.9% on a year-over-year basis. On average, equities research analysts expect that Teradyne will post 3.02 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.33%. The ex-dividend date is Tuesday, May 21st. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

Teradyne Company Profile

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.