Teradyne (TER) Trading 7.6% Higher After Better-Than-Expected Earnings

Shares of Teradyne, Inc. (NYSE:TER) traded up 7.6% on Wednesday following a better than expected earnings announcement. The stock traded as high as $49.45 and last traded at $47.99. 10,154,867 shares traded hands during trading, an increase of 321% from the average session volume of 2,410,271 shares. The stock had previously closed at $44.59.

The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.10. The business had revenue of $494.00 million for the quarter, compared to analysts’ expectations of $476.23 million. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS.

Several analysts have issued reports on the company. Craig Hallum cut Teradyne from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Stifel Nicolaus dropped their target price on Teradyne from $47.00 to $42.50 and set a “buy” rating on the stock in a research report on Wednesday, January 23rd. Zacks Investment Research raised Teradyne from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Finally, Credit Suisse Group reaffirmed a “hold” rating on shares of Teradyne in a research report on Friday, January 25th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Teradyne currently has an average rating of “Hold” and an average target price of $38.77.

In other news, CFO Gregory R. Beecher sold 26,778 shares of the stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $36.93, for a total transaction of $988,911.54. Following the completion of the sale, the chief financial officer now owns 82,679 shares in the company, valued at approximately $3,053,335.47. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gregory Stephen Smith sold 11,210 shares of the stock in a transaction on Monday, February 4th. The shares were sold at an average price of $36.82, for a total value of $412,752.20. Following the sale, the insider now owns 25,993 shares of the company’s stock, valued at approximately $957,062.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 211,079 shares of company stock valued at $8,102,210. Company insiders own 0.49% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of TER. Dimensional Fund Advisors LP lifted its holdings in shares of Teradyne by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,416,764 shares of the semiconductor company’s stock valued at $52,393,000 after purchasing an additional 4,626 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Teradyne by 21.9% during the 3rd quarter. LPL Financial LLC now owns 24,123 shares of the semiconductor company’s stock valued at $892,000 after purchasing an additional 4,327 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Teradyne by 3.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 316,808 shares of the semiconductor company’s stock valued at $11,715,000 after purchasing an additional 11,661 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Teradyne by 90.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 77,071 shares of the semiconductor company’s stock valued at $2,850,000 after purchasing an additional 36,682 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in Teradyne by 71.7% in the 3rd quarter. Teachers Advisors LLC now owns 375,845 shares of the semiconductor company’s stock worth $13,899,000 after acquiring an additional 156,940 shares during the last quarter.

The company has a market capitalization of $7.72 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.10 and a quick ratio of 3.76.

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Teradyne Company Profile (NYSE:TER)

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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