Teradyne (NASDAQ:TER) VP Ryan Driscoll Sells 680 Shares

Teradyne, Inc. (NASDAQ:TER) VP Ryan Driscoll sold 680 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the sale, the vice president owned 7,665 shares in the company, valued at $2,894,304. This represents a 8.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Teradyne Price Performance

TER stock traded up $6.87 during midday trading on Monday, reaching $366.64. 4,275,628 shares of the stock were exchanged, compared to its average volume of 3,529,016. The stock has a market capitalization of $57.39 billion, a PE ratio of 67.90, a P/E/G ratio of 1.48 and a beta of 1.79. Teradyne, Inc. has a 52 week low of $75.99 and a 52 week high of $422.11. The company has a fifty day moving average price of $331.51 and a 200 day moving average price of $255.33.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.Teradyne’s quarterly revenue was up 87.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS. As a group, analysts anticipate that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. This is an increase from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio is presently 9.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. TD Cowen restated a “buy” rating on shares of Teradyne in a research report on Thursday, January 22nd. Evercore set a $370.00 price objective on Teradyne in a research report on Thursday, April 30th. Zacks Research lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Citigroup upped their price target on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group upped their price target on Teradyne from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $339.80.

Institutional Investors Weigh In On Teradyne

Institutional investors have recently made changes to their positions in the stock. ARK Investment Management LLC grew its stake in Teradyne by 25.2% during the third quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company’s stock worth $374,701,000 after purchasing an additional 548,140 shares during the period. Nordea Investment Management AB raised its stake in shares of Teradyne by 656.4% in the fourth quarter. Nordea Investment Management AB now owns 125,312 shares of the company’s stock worth $24,554,000 after purchasing an additional 108,745 shares during the last quarter. Aspen Wealth Strategies LLC purchased a new stake in shares of Teradyne in the third quarter worth approximately $577,000. Assenagon Asset Management S.A. raised its stake in shares of Teradyne by 3,233.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock worth $176,144,000 after purchasing an additional 882,723 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Teradyne by 9.2% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,120 shares of the company’s stock worth $12,542,000 after purchasing an additional 7,648 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Company Profile

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.