Teradyne (NASDAQ:TER) CEO Sells $2,914,211.06 in Stock

by · The Cerbat Gem

Teradyne, Inc. (NASDAQ:TERGet Free Report) CEO Gregory Stephen Smith sold 8,597 shares of the firm’s stock in a transaction that occurred 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 directly owned 124,470 shares of the company’s stock, valued at approximately $42,192,840.60. This represents a 6.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Teradyne Trading Up 0.2%

Shares of Teradyne stock traded up $0.73 during midday trading on Tuesday, reaching $321.78. The company had a trading volume of 1,893,149 shares, compared to its average volume of 3,544,030. The company has a market capitalization of $50.37 billion, a price-to-earnings ratio of 59.43, a price-to-earnings-growth ratio of 1.39 and a beta of 1.79. The stock has a fifty day simple moving average of $336.05 and a 200 day simple moving average of $265.62. Teradyne, Inc. has a 1-year low of $75.99 and a 1-year high of $422.11.

Teradyne (NASDAQ:TERGet Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. Teradyne’s revenue for the quarter was up 87.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. Sell-side analysts expect that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TER. TD Cowen reaffirmed a “buy” rating on shares of Teradyne in a research note on Thursday, January 22nd. Bank of America raised their price objective on shares of Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. UBS Group raised their price objective on shares of Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada set a $270.00 price objective on shares of Teradyne in a research note on Monday, February 2nd. Finally, Susquehanna raised their price objective on shares of Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $339.80.

View Our Latest Stock Report on Teradyne

Institutional Investors Weigh In On Teradyne

Several institutional investors have recently added to or reduced their stakes in the stock. Anson Funds Management LP bought a new stake in Teradyne in the 1st quarter valued at $889,000. Centaurus Financial Inc. lifted its position in Teradyne by 249.3% in the 1st quarter. Centaurus Financial Inc. now owns 1,914 shares of the company’s stock valued at $567,000 after acquiring an additional 1,366 shares in the last quarter. Bull Harbor Capital LLC bought a new stake in Teradyne in the 1st quarter valued at $1,387,000. Arkadios Wealth Advisors bought a new stake in Teradyne in the 1st quarter valued at $317,000. Finally, Sunbelt Securities Inc. lifted its position in Teradyne by 66.3% in the 1st quarter. Sunbelt Securities Inc. now owns 153 shares of the company’s stock valued at $45,000 after acquiring an additional 61 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

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.

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