Insider Selling: Teradyne (NASDAQ:TER) CEO Sells 1,108 Shares of Stock

Teradyne, Inc. (NASDAQ:TER) CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.31, for a total value of $223,051.48. Following the sale, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, November 12th, Gregory Stephen Smith sold 1,108 shares of Teradyne stock. The stock was sold at an average price of $180.20, for a total transaction of $199,661.60.
• On Friday, October 10th, Gregory Stephen Smith sold 1,108 shares of Teradyne stock. The shares were sold at an average price of $145.24, for a total transaction of $160,925.92.
• On Monday, September 22nd, Gregory Stephen Smith sold 554 shares of Teradyne stock. The shares were sold at an average price of $126.39, for a total transaction of $70,020.06.

Teradyne Trading Up 1.0%

Shares of TER stock traded up $1.94 during mid-day trading on Monday, reaching $195.31. The stock had a trading volume of 1,174,150 shares, compared to its average volume of 3,527,131. The firm has a market capitalization of $30.59 billion, a PE ratio of 71.02, a price-to-earnings-growth ratio of 2.02 and a beta of 1.85. The stock’s 50-day moving average price is $167.80 and its two-hundred day moving average price is $126.74. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $205.00.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.07. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The company had revenue of $769.21 million for the quarter, compared to analysts’ expectations of $744.20 million. During the same period last year, the firm earned $0.90 earnings per share. Teradyne’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, November 24th. Teradyne’s dividend payout ratio (DPR) is currently 17.45%.

Institutional Trading of Teradyne

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Teradyne by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock valued at $2,947,935,000 after acquiring an additional 444,940 shares during the period. State Street Corp increased its stake in shares of Teradyne by 0.3% during the third quarter. State Street Corp now owns 7,017,649 shares of the company’s stock valued at $965,909,000 after purchasing an additional 24,154 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Teradyne by 6.8% during the third quarter. Ameriprise Financial Inc. now owns 5,256,857 shares of the company’s stock valued at $723,600,000 after purchasing an additional 336,757 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Teradyne by 79.7% in the 2nd quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock worth $340,353,000 after purchasing an additional 1,679,215 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Teradyne by 11.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,473,173 shares of the company’s stock worth $490,134,000 after purchasing an additional 354,876 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TER has been the subject of a number of recent analyst reports. Northland Securities set a $186.00 target price on Teradyne in a report on Thursday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of Teradyne from $122.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $180.00 target price on shares of Teradyne in a research report on Wednesday, October 29th. Morgan Stanley lifted their target price on shares of Teradyne from $100.00 to $136.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Finally, Wall Street Zen raised shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Monday, September 1st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and a consensus price target of $182.00.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.