Insider Selling: Teradyne, Inc. (TER) Director Sells 8,000 Shares of Stock

Teradyne, Inc. (NYSE:TER) Director Mercedes Johnson sold 8,000 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $35.07, for a total value of $280,560.00. Following the completion of the transaction, the director now directly owns 14,773 shares of the company’s stock, valued at approximately $518,089.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Teradyne, Inc. (NYSE TER) traded up 1.78% on Friday, reaching $32.54. The company’s stock had a trading volume of 4,454,365 shares. The firm’s market capitalization is $6.47 billion. Teradyne, Inc. has a 52 week low of $18.07 and a 52 week high of $36.59. The stock’s 50 day moving average is $34.93 and its 200-day moving average is $30.12.

Teradyne (NYSE:TER) last released its earnings results on Wednesday, April 26th. The semiconductor company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. Teradyne had a positive return on equity of 18.34% and a negative net margin of 0.46%. The business had revenue of $457 million for the quarter, compared to the consensus estimate of $440.96 million. During the same period last year, the business earned $0.31 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts predict that Teradyne, Inc. will post $1.89 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Thursday, June 1st will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, May 30th. Teradyne’s payout ratio is -699.83%.

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A number of research analysts recently commented on TER shares. Robert W. Baird started coverage on Teradyne in a report on Monday, April 3rd. They issued an “outperform” rating and a $37.00 price target for the company. Deutsche Bank AG increased their price target on Teradyne from $30.00 to $34.00 and gave the company a “buy” rating in a report on Monday, April 24th. Stifel Nicolaus increased their price target on Teradyne from $27.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, April 25th. Cowen and Company increased their price target on Teradyne from $35.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. Finally, Needham & Company LLC increased their price target on Teradyne from $32.00 to $40.00 and gave the company a “buy” rating in a report on Friday, April 28th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $30.59.

A number of large investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its stake in Teradyne by 3.0% in the first quarter. Quadrant Capital Group LLC now owns 3,477 shares of the semiconductor company’s stock worth $106,000 after buying an additional 101 shares during the last quarter. Segantii Capital Management Ltd bought a new stake in Teradyne during the first quarter worth $121,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Teradyne by 34.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,183 shares of the semiconductor company’s stock worth $104,000 after buying an additional 1,067 shares during the last quarter. SpiderRock Advisors LLC bought a new stake in Teradyne during the first quarter worth $132,000. Finally, TrimTabs Asset Management LLC bought a new stake in Teradyne during the first quarter worth $141,000. 94.27% of the stock is currently owned by institutional investors.

Teradyne Company Profile

Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.

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