Teradyne (NASDAQ:TER) CEO Sells $1,692,120.00 in Stock

by · The Cerbat Gem

Teradyne, Inc. (NASDAQ:TERGet Free Report) CEO Gregory Stephen Smith sold 4,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the transaction, the chief executive officer directly owned 120,470 shares in the company, valued at approximately $50,962,424.10. This represents a 3.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $2,914,211.06.

Teradyne Stock Performance

Shares of TER stock traded down $23.06 on Tuesday, hitting $409.35. 3,975,334 shares of the company’s stock traded hands, compared to its average volume of 3,587,011. Teradyne, Inc. has a one year low of $84.24 and a one year high of $437.77. The company’s fifty day simple moving average is $366.69 and its 200 day simple moving average is $294.00. The stock has a market capitalization of $64.08 billion, a price-to-earnings ratio of 75.81, a P/E/G ratio of 1.66 and a beta of 1.79.

Teradyne (NASDAQ:TERGet Free Report) last released its earnings results on Wednesday, April 29th. The company reported $2.56 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 company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm earned $0.75 EPS. The firm’s quarterly revenue was up 87.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal 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 issued a dividend of $0.13 per share. The ex-dividend date of this dividend was 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 payout ratio is 9.63%.

Institutional Investors Weigh In On Teradyne

Several institutional investors have recently added to or reduced their stakes in TER. Norges Bank purchased a new stake in Teradyne during the 4th quarter valued at $398,777,000. Wellington Management Group LLP boosted its position in Teradyne by 13,949.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after buying an additional 2,022,389 shares during the period. Aspex Management HK Ltd purchased a new stake in Teradyne during the 4th quarter valued at $199,723,000. Corient Private Wealth LLC boosted its position in Teradyne by 2,189.2% during the 4th quarter. Corient Private Wealth LLC now owns 1,075,916 shares of the company’s stock valued at $208,254,000 after buying an additional 1,028,916 shares during the period. Finally, Alkeon Capital Management LLC boosted its position in Teradyne by 48.6% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company’s stock valued at $395,427,000 after buying an additional 940,000 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TER. Evercore set a $370.00 target price on shares of Teradyne in a report on Thursday, April 30th. Wall Street Zen raised shares of Teradyne from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Cantor Fitzgerald increased their price target on shares of Teradyne from $330.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings raised shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. 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 company. According to MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and an average target price of $339.80.

View Our Latest Stock Report on Teradyne

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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