Teradyne (NASDAQ:TER) CEO Gregory Stephen Smith Sells 1,108 Shares

Teradyne, Inc. (NASDAQ:TER) CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the transaction, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at $18,804,165.79. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Gregory Stephen Smith also recently made the following trade(s):

• On Wednesday, November 12th, Gregory Stephen Smith sold 1,108 shares of Teradyne stock. The shares were sold at an average price of $180.20, for a total value of $199,661.60.
• On Friday, October 10th, Gregory Stephen Smith sold 1,108 shares of Teradyne stock. The stock was sold at an average price of $145.24, for a total value of $160,925.92.
• On Monday, September 22nd, Gregory Stephen Smith sold 554 shares of Teradyne stock. The shares were sold at an average price of $126.39, for a total value of $70,020.06.

Teradyne Price Performance

Shares of TER traded up $1.94 during midday trading on Monday, hitting $195.31. 1,174,150 shares of the company traded hands, compared to its average volume of 3,527,131. Teradyne, Inc. has a one year low of $65.77 and a one year high of $205.00. The firm has a market cap of $30.59 billion, a P/E ratio of 71.02, a PEG ratio of 2.02 and a beta of 1.85. The stock has a 50-day moving average of $167.80 and a 200-day moving average of $126.74.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.78 by $0.07. The company had revenue of $769.21 million during the quarter, compared to analysts’ expectations of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. Teradyne’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.90 earnings per share. Sell-side analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Teradyne’s dividend payout ratio is presently 17.45%.

Hedge Funds Weigh In On Teradyne

Institutional investors have recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of Teradyne during the 3rd quarter valued at about $31,000. Davidson Capital Management Inc. bought a new position in Teradyne during the third quarter valued at approximately $31,000. Hemington Wealth Management raised its stake in shares of Teradyne by 43.2% during the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after acquiring an additional 79 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Teradyne during the third quarter worth approximately $41,000. Finally, Orion Capital Management LLC bought a new stake in shares of Teradyne in the 3rd quarter worth approximately $47,000. 99.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on TER. Cantor Fitzgerald reissued an “overweight” rating and set a $180.00 price objective on shares of Teradyne in a research note on Wednesday, October 29th. Stifel Nicolaus set a $225.00 price target on Teradyne and gave the company a “buy” rating in a report on Tuesday, December 2nd. Morgan Stanley lifted their price target on Teradyne from $100.00 to $136.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Robert W. Baird set a $195.00 price objective on shares of Teradyne in a research report on Friday, October 31st. Finally, The Goldman Sachs Group raised shares of Teradyne from a “sell” rating to a “buy” rating and set a $230.00 target price on the stock in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $182.00.

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.