Teradyne Target of Unusually High Options Trading (NASDAQ:TER)

Teradyne, Inc. (NASDAQ:TER) was the recipient of some unusual options trading activity on Thursday. Traders purchased 4,857 put options on the company. This is an increase of approximately 246% compared to the average daily volume of 1,403 put options.

Teradyne Trading Down 12.7 %

NASDAQ TER traded down $18.29 on Thursday, hitting $125.25. 2,420,199 shares of the company were exchanged, compared to its average volume of 2,017,196. The company has a market cap of $19.55 billion, a PE ratio of 47.33, a PEG ratio of 2.85 and a beta of 1.50. Teradyne has a 12 month low of $81.07 and a 12 month high of $163.21. The stock has a fifty day moving average of $147.09 and a 200-day moving average of $121.07.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The firm had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. During the same period last year, the firm earned $0.79 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts expect that Teradyne will post 3.06 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Tuesday, May 21st. Teradyne’s dividend payout ratio (DPR) is 18.25%.

Insider Buying and Selling at Teradyne

In other Teradyne 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 value of $688,888.20. Following the completion of the sale, the insider now owns 21,780 shares of the company’s stock, valued at approximately $2,997,799.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total transaction of $89,900.00. Following the completion of the sale, the director now owns 18,393 shares of the company’s stock, valued at approximately $2,645,649.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Richard John Burns sold 5,005 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $137.64, for a total transaction of $688,888.20. Following the sale, the insider now directly owns 21,780 shares of the company’s stock, valued at approximately $2,997,799.20. The disclosure for this sale can be found here. Insiders sold 10,005 shares of company stock valued at $1,304,763 in the last quarter. Company insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TER. Mutual of America Capital Management LLC increased its holdings in Teradyne by 6.6% during the fourth quarter. Mutual of America Capital Management LLC now owns 41,973 shares of the company’s stock worth $4,555,000 after buying an additional 2,590 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Teradyne by 8,125.5% in the fourth quarter. International Assets Investment Management LLC now owns 133,088 shares of the company’s stock valued at $14,443,000 after purchasing an additional 131,470 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Teradyne by 6.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 158,270 shares of the company’s stock worth $16,104,000 after buying an additional 9,960 shares during the last quarter. Caxton Associates LP bought a new stake in shares of Teradyne in the fourth quarter valued at $1,560,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Teradyne by 8.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 188,733 shares of the company’s stock valued at $21,295,000 after buying an additional 14,272 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TER. Northland Securities cut shares of Teradyne from an “outperform” rating to a “market perform” rating and set a $136.00 price objective for the company. in a research report on Thursday, July 18th. Northland Capmk cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Citigroup upped their price objective on shares of Teradyne from $112.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. upped their price target on shares of Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, KeyCorp upped their price target on shares of Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $142.14.

About Teradyne

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.