Insider Selling: Teradyne (NASDAQ:TER) Insider Sells 1,008 Shares of Stock

Teradyne, Inc. (NASDAQ:TER) insider Shannon John Poulin sold 1,008 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $345.37, for a total value of $348,132.96. Following the completion of the sale, the insider directly owned 15,066 shares of the company’s stock, valued at approximately $5,203,344.42. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Shannon John Poulin also recently made the following trade(s):

• On Friday, May 22nd, Shannon John Poulin sold 656 shares of Teradyne stock. The shares were sold at an average price of $355.00, for a total value of $232,880.00.

Teradyne Stock Up 8.6%

Shares of TER traded up $30.70 during trading hours on Tuesday, reaching $389.14. The company’s stock had a trading volume of 4,004,814 shares, compared to its average volume of 3,555,779. The company has a 50 day moving average of $341.60 and a two-hundred day moving average of $271.57. The firm has a market cap of $60.92 billion, a price-to-earnings ratio of 72.06, a P/E/G ratio of 1.47 and a beta of 1.79. Teradyne, Inc. has a 1-year low of $77.02 and a 1-year high of $422.11.

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

Teradyne Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. This is an increase from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio is presently 9.63%.

Institutional Investors Weigh In On Teradyne

A number of large investors have recently bought and sold shares of TER. Essential Partners LLC raised its holdings in Teradyne by 1.9% during the first quarter. Essential Partners LLC now owns 9,782 shares of the company’s stock valued at $2,900,000 after buying an additional 181 shares in the last quarter. Vestor Capital LLC boosted its stake in shares of Teradyne by 15.4% during the 1st quarter. Vestor Capital LLC now owns 285 shares of the company’s stock worth $85,000 after acquiring an additional 38 shares in the last quarter. Groupe la Francaise bought a new stake in shares of Teradyne during the 1st quarter worth about $6,494,000. E20 Capital Ltd acquired a new position in shares of Teradyne during the 1st quarter valued at about $29,981,000. Finally, Western Wealth Management LLC acquired a new position in shares of Teradyne during the 1st quarter valued at about $293,000. 99.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Cantor Fitzgerald increased their price objective on Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Royal Bank Of Canada set a $270.00 target price on Teradyne in a research note on Monday, February 2nd. Evercore set a $370.00 target price on Teradyne in a research report on Thursday, April 30th. Wall Street Zen raised Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, Stifel Nicolaus lifted their price target on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and an average target price of $339.80.

About Teradyne

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.