Teradyne, Inc. (NASDAQ:TER) CEO Sells $400,400.00 in Stock

Teradyne, Inc. (NASDAQ:TER) CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Teradyne Stock Down 1.2 %

Shares of TER stock opened at $137.15 on Friday. Teradyne, Inc. has a 12 month low of $92.29 and a 12 month high of $163.21. The firm has a market cap of $22.34 billion, a PE ratio of 43.54, a price-to-earnings-growth ratio of 2.66 and a beta of 1.46. The stock has a 50 day moving average of $117.96 and a 200-day moving average of $127.77.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.78 by $0.12. The firm had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 EPS. As a group, equities analysts predict that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne announced that its Board of Directors has approved a share buyback program on Monday, November 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, November 25th. This represents a $0.48 annualized dividend and a yield of 0.35%. Teradyne’s dividend payout ratio is 15.24%.

Institutional Trading of Teradyne

Institutional investors have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of Teradyne in the second quarter valued at $27,000. Capital Performance Advisors LLP bought a new position in shares of Teradyne during the 3rd quarter worth about $29,000. Quarry LP lifted its holdings in shares of Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after acquiring an additional 169 shares during the period. Coastline Trust Co bought a new stake in Teradyne in the third quarter valued at about $46,000. Finally, Brooklyn Investment Group acquired a new position in Teradyne in the third quarter worth about $52,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on TER. Robert W. Baird dropped their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Northland Securities upgraded shares of Teradyne from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $117.00 to $154.00 in a research note on Monday. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $145.00 to $158.00 in a research note on Monday, December 16th. Finally, Stifel Nicolaus reduced their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $150.33.

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.