Gregory Stephen Smith Sells 4,000 Shares of Teradyne (NASDAQ:TER) Stock

Teradyne, Inc. (NASDAQ:TERGet Free Report) CEO Gregory Stephen Smith sold 4,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the completion of the transaction, the chief executive officer owned 120,470 shares in the company, valued at $50,962,424.10. The trade was a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Friday, May 15th, Gregory Stephen Smith sold 8,597 shares of Teradyne stock. The shares were sold at an average price of $338.98, for a total transaction of $2,914,211.06.

Teradyne Price Performance

NASDAQ:TER opened at $408.56 on Thursday. The firm has a market capitalization of $63.96 billion, a price-to-earnings ratio of 75.66, a PEG ratio of 1.68 and a beta of 1.79. The company’s 50-day moving average is $370.55 and its two-hundred day moving average is $297.23. Teradyne, Inc. has a 1-year low of $84.24 and a 1-year high of $440.75.

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

Teradyne Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were issued a $0.13 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. This is an increase from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio (DPR) is currently 9.63%.

Institutional Investors Weigh In On Teradyne

Hedge funds have recently added to or reduced their stakes in the business. Vestor Capital LLC raised its holdings in shares of Teradyne by 15.4% in the 1st quarter. Vestor Capital LLC now owns 285 shares of the company’s stock valued at $85,000 after purchasing an additional 38 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Teradyne by 1.8% in the 4th 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 in the last quarter. Stephens Inc. AR raised its holdings in shares of Teradyne by 1.2% in the 4th 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 raised its holdings in shares of Teradyne by 1.5% in the 4th quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock valued at $560,000 after purchasing an additional 43 shares in the last quarter. Finally, Whittier Trust Co. raised its holdings in shares of Teradyne by 5.5% in the 1st quarter. Whittier Trust Co. now owns 827 shares of the company’s stock valued at $261,000 after purchasing an additional 43 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TER shares. UBS Group upped their price objective on shares of Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Weiss Ratings upgraded shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Cantor Fitzgerald upped their price objective on shares of Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Finally, JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective on the stock in a report on Thursday, April 30th. One investment 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. Based on data from MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and a consensus price target of $339.80.

View Our Latest Stock Analysis on Teradyne

Teradyne News Roundup

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Teradyne Company Profile

(Get Free Report)

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.

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