Teradyne (NASDAQ:TER) CEO Gregory Stephen Smith Sells 4,000 Shares

Teradyne, Inc. (NASDAQ:TERGet Free Report) CEO Gregory Stephen Smith sold 4,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $423.03, for a total value of $1,692,120.00. Following the sale, the chief executive officer owned 120,470 shares of the company’s stock, valued at approximately $50,962,424.10. The trade was a 3.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Friday, May 15th, Gregory Stephen Smith sold 8,597 shares of Teradyne stock. The shares were sold at an average price of $338.98, for a total value of $2,914,211.06.

Teradyne Stock Down 5.3%

Shares of NASDAQ:TER opened at $409.35 on Wednesday. The business has a 50 day moving average price of $368.69 and a 200 day moving average price of $295.62. Teradyne, Inc. has a twelve month low of $84.24 and a twelve month high of $437.77. The company has a market cap of $64.08 billion, a price-to-earnings ratio of 75.81, a PEG ratio of 1.78 and a beta of 1.79.

Teradyne (NASDAQ:TERGet Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company earned $0.75 EPS. The firm’s revenue for the quarter was up 87.0% compared to the same quarter last year. Analysts anticipate that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date was Thursday, May 21st. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio is currently 9.63%.

Institutional Investors Weigh In On Teradyne

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FAS Wealth Partners Inc. acquired a new stake in Teradyne during the 1st quarter valued at $261,000. Evansbrook LLC acquired a new stake in Teradyne during the 1st quarter valued at $205,000. Parallel Advisors LLC increased its holdings in Teradyne by 7.3% during the 1st quarter. Parallel Advisors LLC now owns 1,686 shares of the company’s stock valued at $500,000 after purchasing an additional 114 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Teradyne by 35.7% during the 1st quarter. NewEdge Advisors LLC now owns 20,725 shares of the company’s stock valued at $6,144,000 after purchasing an additional 5,455 shares in the last quarter. Finally, Caerus Investment Advisors LLC increased its holdings in Teradyne by 34.6% during the 1st quarter. Caerus Investment Advisors LLC now owns 2,093 shares of the company’s stock valued at $620,000 after purchasing an additional 538 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TER shares. Weiss Ratings raised Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Citigroup upped their price target on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target for the company in a report on Thursday, April 30th. Evercore set a $370.00 price target on Teradyne in a report on Thursday, April 30th. Finally, Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and a consensus target price of $339.80.

View Our Latest Research Report on Teradyne

More Teradyne News

Here are the key news stories impacting Teradyne this week:

Teradyne Company Profile

(Get Free Report)

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.

Recommended Stories

Insider Buying and Selling by Quarter for Teradyne (NASDAQ:TER)

Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter.