Insider Selling: Teradyne (NASDAQ:TER) CEO Sells 8,597 Shares of Stock

Teradyne, Inc. (NASDAQ:TER) CEO Gregory Stephen Smith sold 8,597 shares of Teradyne stock in a transaction on Friday, May 15th. The shares were sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the completion of the sale, the chief executive officer owned 124,470 shares in the company, valued at $42,192,840.60. The trade was a 6.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Teradyne Price Performance

TER stock traded up $0.73 during midday trading on Tuesday, hitting $321.78. The company’s stock had a trading volume of 1,893,149 shares, compared to its average volume of 3,544,030. Teradyne, Inc. has a twelve month low of $75.99 and a twelve month high of $422.11. The company’s fifty day moving average price is $336.05 and its 200 day moving average price is $265.62. The stock has a market capitalization of $50.37 billion, a P/E ratio of 59.43, a PEG ratio of 1.39 and a beta of 1.79.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business earned $0.75 EPS. The company’s revenue was up 87.0% compared to the same quarter last year. Equities analysts expect that Teradyne, Inc. will post 7.09 EPS for the current fiscal year.

Teradyne Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, May 21st. This is an increase from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio (DPR) is presently 9.63%.

Analyst Ratings Changes

TER has been the topic of several recent analyst reports. Robert W. Baird set a $350.00 price objective on shares of Teradyne in a research note on Thursday, April 30th. Stifel Nicolaus boosted their price objective on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Susquehanna boosted their price objective on shares of Teradyne from $335.00 to $415.00 and gave the stock a “positive” rating in a research note on Thursday, April 9th. Northland Securities reaffirmed a “market perform” rating and set a $270.00 target price on shares of Teradyne in a report on Wednesday, February 4th. Finally, Cantor Fitzgerald lifted their target price on shares of Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $339.80.

Institutional Trading of Teradyne

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Teradyne by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock valued at $2,947,935,000 after purchasing an additional 444,940 shares during the period. State Street Corp boosted its holdings in Teradyne by 0.9% in the 4th quarter. State Street Corp now owns 7,078,635 shares of the company’s stock valued at $1,370,141,000 after purchasing an additional 60,986 shares during the period. Ameriprise Financial Inc. boosted its holdings in Teradyne by 6.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,256,857 shares of the company’s stock valued at $723,600,000 after purchasing an additional 336,757 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Teradyne by 18.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company’s stock valued at $813,640,000 after purchasing an additional 659,273 shares during the period. Finally, Invesco Ltd. boosted its holdings in Teradyne by 3.5% in the 3rd quarter. Invesco Ltd. now owns 2,959,330 shares of the company’s stock valued at $407,322,000 after purchasing an additional 99,864 shares during the period. Institutional investors own 99.77% of the company’s stock.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.