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

Teradyne, Inc. (NASDAQ:TER - Get Free Report) was the recipient of some unusual options trading activity on Monday. Traders purchased 60,080 put options on the company. This is an increase of 1,555% compared to the average daily volume of 3,631 put options.

Analyst Upgrades and Downgrades

TER has been the subject of several recent analyst reports. Cantor Fitzgerald decreased their target price on Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. Robert W. Baird lowered their target price on Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. KeyCorp reduced their price target on shares of Teradyne from $150.00 to $140.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. Citigroup lowered their price objective on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Finally, Vertical Research assumed coverage on shares of Teradyne in a research report on Friday, March 7th. They issued a "buy" rating and a $135.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $121.44.

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Insider Buying and Selling at Teradyne

In other news, insider Richard John Burns sold 445 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the sale, the insider now owns 25,191 shares of the company's stock, valued at approximately $2,808,544.59. The trade was a 1.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sanjay Mehta sold 1,789 shares of the firm's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the transaction, the chief financial officer now directly owns 33,308 shares of the company's stock, valued at $4,013,947.08. This represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,399 shares of company stock valued at $612,734 in the last ninety days. Company insiders own 0.36% of the company's stock.

Institutional Investors Weigh In On Teradyne

Large investors have recently modified their holdings of the business. Van ECK Associates Corp lifted its position in Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after acquiring an additional 1,846,079 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Teradyne in the 4th quarter valued at about $12,118,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Teradyne by 17.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company's stock valued at $10,325,000 after purchasing an additional 11,541 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Teradyne by 30.5% during the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock worth $11,878,000 after buying an additional 20,762 shares during the period. Finally, Empowered Funds LLC grew its holdings in shares of Teradyne by 16.2% during the fourth quarter. Empowered Funds LLC now owns 30,269 shares of the company's stock worth $3,811,000 after buying an additional 4,212 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Performance

TER traded up $1.36 during mid-day trading on Friday, reaching $73.65. The stock had a trading volume of 3,689,926 shares, compared to its average volume of 2,531,051. The stock has a market capitalization of $11.85 billion, a P/E ratio of 22.12, a P/E/G ratio of 2.83 and a beta of 1.65. Teradyne has a 52 week low of $65.77 and a 52 week high of $163.21. The firm's fifty day simple moving average is $96.33 and its two-hundred day simple moving average is $112.97.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. As a group, analysts expect that Teradyne will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne's dividend payout ratio is currently 14.41%.

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.