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

Teradyne, Inc. (NASDAQ:TER) was the recipient of unusually large options trading activity on Thursday. Stock investors bought 6,305 put options on the company. This is an increase of approximately 257% compared to the typical daily volume of 1,764 put options.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Northland Capmk lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Robert W. Baird boosted their price target on Teradyne from $120.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a report on Friday, August 16th. KeyCorp boosted their target price on Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. upped their target price on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $142.57.

Teradyne Stock Down 8.4 %

Shares of TER stock traded down $10.49 during mid-day trading on Thursday, reaching $113.94. 2,573,367 shares of the company’s stock traded hands, compared to its average volume of 1,991,696. The company’s 50-day moving average price is $130.26 and its 200-day moving average price is $131.85. The company has a market cap of $18.59 billion, a P/E ratio of 37.24, a P/E/G ratio of 2.57 and a beta of 1.49. Teradyne has a 12 month low of $81.07 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The business had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. During the same quarter in the previous year, the firm posted $0.79 earnings per share. Teradyne’s quarterly revenue was up 6.6% on a year-over-year basis. Equities analysts predict that Teradyne will post 3.02 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were given a $0.12 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.42%. Teradyne’s dividend payout ratio is currently 15.79%.

Insider Transactions at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the completion of the transaction, the director now directly owns 17,143 shares in the company, valued at approximately $2,207,504.11. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Mercedes Johnson sold 625 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction of $80,481.25. Following the transaction, the director now owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $409,024.00. Following the sale, the chief executive officer now owns 80,736 shares of the company’s stock, valued at approximately $10,721,740.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,977 shares of company stock valued at $1,979,834 in the last quarter. Insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Chesley Taft & Associates LLC increased its holdings in shares of Teradyne by 18.6% during the first quarter. Chesley Taft & Associates LLC now owns 13,440 shares of the company’s stock valued at $1,516,000 after acquiring an additional 2,110 shares in the last quarter. Bouvel Investment Partners LLC increased its stake in Teradyne by 0.5% during the 1st quarter. Bouvel Investment Partners LLC now owns 22,779 shares of the company’s stock valued at $2,570,000 after purchasing an additional 112 shares in the last quarter. Thrive Wealth Management LLC raised its holdings in Teradyne by 7.7% in the first quarter. Thrive Wealth Management LLC now owns 2,567 shares of the company’s stock worth $290,000 after buying an additional 184 shares during the last quarter. Capital Asset Advisory Services LLC raised its holdings in Teradyne by 4.7% in the first quarter. Capital Asset Advisory Services LLC now owns 3,892 shares of the company’s stock worth $418,000 after buying an additional 176 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new position in shares of Teradyne in the first quarter worth approximately $113,000. Institutional investors own 99.77% of the company’s stock.

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.