Teradyne (NASDAQ:TER) Insider Shannon John Poulin Sells 1,008 Shares

Teradyne, Inc. (NASDAQ:TER) insider Shannon John Poulin sold 1,008 shares of Teradyne stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the transaction, the insider directly owned 15,066 shares in the company, valued at approximately $5,203,344.42. This represents a 6.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Shannon John Poulin also recently made the following trade(s):

• On Friday, May 22nd, Shannon John Poulin sold 656 shares of Teradyne stock. The stock was sold at an average price of $355.00, for a total transaction of $232,880.00.

Teradyne Price Performance

Shares of NASDAQ TER traded up $30.70 during trading hours on Tuesday, hitting $389.14. 4,004,814 shares of the stock were exchanged, compared to its average volume of 3,555,779. Teradyne, Inc. has a one year low of $77.02 and a one year high of $422.11. The company’s 50 day moving average is $341.60 and its 200 day moving average is $271.57. The firm has a market capitalization of $60.92 billion, a P/E ratio of 72.06, a P/E/G ratio of 1.47 and a beta of 1.79.

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

Teradyne Increases Dividend

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

Hedge Funds Weigh In On Teradyne

Several institutional investors and hedge funds have recently added to or reduced their stakes in TER. Vestor Capital LLC grew its holdings in shares of Teradyne by 15.4% during the 1st quarter. Vestor Capital LLC now owns 285 shares of the company’s stock worth $85,000 after purchasing an additional 38 shares in the last quarter. UMB Bank n.a. increased its position in shares of Teradyne by 1.8% during the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock valued at $444,000 after purchasing an additional 40 shares during the period. Stephens Inc. AR raised its stake in shares of Teradyne by 1.2% in the fourth quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock valued at $645,000 after purchasing an additional 41 shares in the last quarter. Sapient Capital LLC lifted its position in Teradyne by 1.5% in the fourth quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock worth $560,000 after purchasing an additional 43 shares during the period. Finally, Whittier Trust Co. lifted its position in Teradyne by 5.5% in the first quarter. Whittier Trust Co. now owns 827 shares of the company’s stock worth $261,000 after purchasing an additional 43 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TER. Weiss Ratings upgraded Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Northland Securities reiterated a “market perform” rating and set a $270.00 price target on shares of Teradyne in a report on Wednesday, February 4th. Citigroup increased their price objective on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Evercore set a $370.00 price objective on shares of Teradyne in a research note on Thursday, April 30th. Finally, Cantor Fitzgerald boosted their target price on shares of Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $339.80.

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.