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

Teradyne, Inc. (NASDAQ:TER - Get Free Report) was the recipient of some unusual options trading activity on Monday. Stock investors purchased 8,018 put options on the stock. This represents an increase of 113% compared to the typical daily volume of 3,768 put options.

Teradyne Price Performance

Shares of Teradyne stock traded up $2.19 on Tuesday, reaching $92.78. 1,202,961 shares of the company were exchanged, compared to its average volume of 3,262,082. The company has a market cap of $14.88 billion, a P/E ratio of 26.21, a price-to-earnings-growth ratio of 4.07 and a beta of 1.70. Teradyne has a 1-year low of $65.77 and a 1-year high of $163.21. The stock's 50 day moving average price is $83.33 and its 200-day moving average price is $97.37.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.61 by $0.14. The company had revenue of $685.70 million for the quarter, compared to analyst estimates of $680.54 million. Teradyne had a net margin of 19.86% and a return on equity of 20.06%. The firm's revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. On average, research analysts predict that Teradyne will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.48 annualized dividend and a yield of 0.52%. Teradyne's dividend payout ratio is currently 13.56%.

Teradyne announced that its board has authorized a stock buyback plan on Monday, April 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TER. Cantor Fitzgerald set a $105.00 price objective on shares of Teradyne and gave the company an "overweight" rating in a report on Tuesday, June 24th. KeyCorp reiterated a "sector weight" rating on shares of Teradyne in a research note on Thursday, April 17th. Bank of America cut their price target on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a research note on Wednesday, March 12th. Citigroup cut their price target on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Finally, UBS Group set a $130.00 price target on shares of Teradyne and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $114.33.

Institutional Investors Weigh In On Teradyne

Several large investors have recently modified their holdings of the company. Roberts Glore & Co. Inc. IL lifted its holdings in shares of Teradyne by 2.2% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company's stock worth $517,000 after purchasing an additional 90 shares during the period. Covestor Ltd lifted its holdings in shares of Teradyne by 12.3% during the fourth quarter. Covestor Ltd now owns 901 shares of the company's stock worth $113,000 after purchasing an additional 99 shares during the period. Snowden Capital Advisors LLC lifted its holdings in shares of Teradyne by 2.8% during the fourth quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company's stock worth $472,000 after purchasing an additional 103 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of Teradyne by 4.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company's stock worth $429,000 after purchasing an additional 119 shares during the period. Finally, Citizens Financial Group Inc. RI lifted its holdings in shares of Teradyne by 5.8% during the fourth quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company's stock worth $283,000 after purchasing an additional 124 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

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.