Insider Selling: Teradyne, Inc. (NASDAQ:TER) Insider Sells 2,710 Shares of Stock

Teradyne, Inc. (NASDAQ:TERGet Rating) insider Brad Robbins sold 2,710 shares of the company’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total value of $271,000.00. Following the completion of the transaction, the insider now directly owns 44,898 shares in the company, valued at $4,489,800. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Teradyne Stock Up 0.4 %

Shares of NASDAQ TER traded up $0.42 on Wednesday, hitting $103.44. The company had a trading volume of 1,470,353 shares, compared to its average volume of 1,441,950. The company has a quick ratio of 2.59, a current ratio of 3.03 and a debt-to-equity ratio of 0.02. Teradyne, Inc. has a 12-month low of $67.81 and a 12-month high of $147.94. The firm has a market capitalization of $16.11 billion, a P/E ratio of 23.14, a PEG ratio of 6.37 and a beta of 1.52. The business has a 50 day moving average of $91.97 and a two-hundred day moving average of $88.00.

Teradyne (NASDAQ:TERGet Rating) last released its quarterly earnings results on Wednesday, January 25th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.17. The firm had revenue of $731.84 million during the quarter, compared to analysts’ expectations of $711.84 million. Teradyne had a return on equity of 33.39% and a net margin of 23.38%. Teradyne’s quarterly revenue was down 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 EPS. As a group, equities research analysts forecast that Teradyne, Inc. will post 4.07 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 21st. Shareholders of record on Monday, November 28th were given a $0.11 dividend. The ex-dividend date was Friday, November 25th. This represents a $0.44 dividend on an annualized basis and a yield of 0.43%. Teradyne’s payout ratio is currently 9.84%.

Institutional Trading of Teradyne

Large investors have recently modified their holdings of the business. Bartlett & Co. LLC purchased a new position in Teradyne in the second quarter valued at about $26,000. Clear Street Markets LLC grew its position in shares of Teradyne by 401.5% during the second quarter. Clear Street Markets LLC now owns 336 shares of the company’s stock worth $30,000 after buying an additional 269 shares in the last quarter. Ronald Blue Trust Inc. increased its stake in shares of Teradyne by 264.2% in the fourth quarter. Ronald Blue Trust Inc. now owns 448 shares of the company’s stock worth $34,000 after buying an additional 325 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Teradyne by 700.0% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 400 shares of the company’s stock valued at $36,000 after acquiring an additional 350 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in Teradyne in the third quarter valued at $37,000. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TER shares. Susquehanna lifted their price objective on shares of Teradyne from $83.00 to $100.00 in a report on Thursday, October 27th. StockNews.com initiated coverage on Teradyne in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Craig Hallum upgraded shares of Teradyne from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Thursday, October 27th. Cowen decreased their target price on shares of Teradyne to $110.00 in a research report on Thursday, October 27th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Teradyne from $95.00 to $85.00 and set a “hold” rating on the stock in a report on Thursday, October 13th. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $96.20.

About Teradyne

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Teradyne, Inc engages in the development and sale of automatic test systems. It operates through the following segments: Semiconductor Test, Industrial Automation, System Test, Wireless Test, and Corporate and Other. The Semiconductor Test segment designs, manufactures, and markets semiconductor test products and services.

Further Reading

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

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