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

Teradyne, Inc. (NASDAQ:TER) saw unusually large options trading on Tuesday. Traders bought 5,298 put options on the company. This is an increase of 131% compared to the typical daily volume of 2,298 put options.

Insider Buying and Selling

In related news, insider Richard John Burns sold 789 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $104,779.20. Following the sale, the insider now directly owns 21,864 shares in the company, valued at approximately $2,903,539.20. The trade was a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $409,024.00. Following the transaction, the chief executive officer now owns 80,736 shares of the company’s stock, valued at $10,721,740.80. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,574 shares of company stock valued at $997,203. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TER. Franklin Resources Inc. raised its stake in Teradyne by 30.5% in the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock worth $11,878,000 after acquiring an additional 20,762 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Teradyne by 61.6% in the third quarter. Tidal Investments LLC now owns 18,197 shares of the company’s stock valued at $2,437,000 after purchasing an additional 6,933 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Teradyne in the third quarter worth about $81,000. Anchor Investment Management LLC acquired a new stake in shares of Teradyne during the third quarter worth about $95,000. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Teradyne by 0.5% during the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock worth $2,666,000 after purchasing an additional 108 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on TER. Robert W. Baird dropped their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Northland Securities lowered their price objective on Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. Evercore ISI boosted their target price on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target for the company in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $142.62.

Teradyne Stock Up 2.0 %

NASDAQ TER opened at $115.47 on Wednesday. The firm has a market cap of $18.81 billion, a PE ratio of 36.66, a price-to-earnings-growth ratio of 2.45 and a beta of 1.51. Teradyne has a 52 week low of $90.24 and a 52 week high of $163.21. The company has a 50 day moving average price of $117.62 and a 200 day moving average price of $130.99.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. During the same quarter last year, the firm earned $0.80 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities research analysts anticipate that Teradyne will post 3.17 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s payout ratio is currently 15.24%.

Teradyne declared that its Board of Directors has initiated a share buyback plan on Monday, November 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 0.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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.