Teradyne, Inc. (NASDAQ:TER) CEO Gregory Stephen Smith Sells 554 Shares

Teradyne, Inc. (NASDAQ:TER) CEO Gregory Stephen Smith sold 554 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $106.00, for a total transaction of $58,724.00. Following the completion of the sale, the chief executive officer directly owned 96,993 shares of the company’s stock, valued at $10,281,258. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, July 30th, Gregory Stephen Smith sold 554 shares of Teradyne stock. The shares were sold at an average price of $105.73, for a total transaction of $58,574.42.

Teradyne Trading Down 2.1%

Shares of TER opened at $109.42 on Friday. The firm’s 50-day moving average is $95.21 and its two-hundred day moving average is $91.45. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $144.16. The firm has a market capitalization of $17.41 billion, a P/E ratio of 37.86, a PEG ratio of 2.34 and a beta of 1.72.

Teradyne (NASDAQ:TER) last issued its earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. The company had revenue of $651.80 million for the quarter, compared to analyst estimates of $649.02 million. During the same period in the prior year, the business posted $0.86 earnings per share. The firm’s revenue for the quarter was down 10.7% compared to the same quarter last year. Analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne declared that its Board of Directors has authorized a stock repurchase program on Monday, April 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 8.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TER. DAVENPORT & Co LLC lifted its holdings in shares of Teradyne by 29.8% in the first quarter. DAVENPORT & Co LLC now owns 5,094 shares of the company’s stock valued at $421,000 after purchasing an additional 1,170 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Teradyne by 56.0% in the first quarter. Park Avenue Securities LLC now owns 3,045 shares of the company’s stock valued at $252,000 after purchasing an additional 1,093 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Teradyne by 6.4% in the first quarter. Crossmark Global Holdings Inc. now owns 4,328 shares of the company’s stock valued at $357,000 after purchasing an additional 261 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Teradyne by 5.5% in the first quarter. Asset Management One Co. Ltd. now owns 68,612 shares of the company’s stock valued at $5,667,000 after purchasing an additional 3,589 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Teradyne by 306.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 37,661 shares of the company’s stock valued at $3,111,000 after purchasing an additional 28,406 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TER has been the subject of a number of research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 target price (up from $88.00) on shares of Teradyne in a report on Thursday, July 17th. Stifel Nicolaus upped their target price on shares of Teradyne from $85.00 to $100.00 and gave the company a “hold” rating in a report on Thursday, July 31st. UBS Group reaffirmed a “buy” rating and issued a $130.00 target price (up from $120.00) on shares of Teradyne in a report on Thursday, July 31st. Susquehanna reduced their target price on shares of Teradyne from $155.00 to $133.00 and set a “positive” rating for the company in a report on Wednesday, April 30th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $85.00 target price on shares of Teradyne in a report on Wednesday, July 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and an average price target of $114.44.

Teradyne Company Profile

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.