Insider Selling: Teradyne (NASDAQ:TER) CEO Sells $2,914,211.06 in Stock

Teradyne, Inc. (NASDAQ:TER) CEO Gregory Stephen Smith sold 8,597 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $338.98, for a total value of $2,914,211.06. Following the completion of the transaction, the chief executive officer directly owned 124,470 shares in the company, valued at approximately $42,192,840.60. This represents a 6.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Teradyne Trading Up 2.6%

TER stock opened at $353.44 on Friday. The stock’s fifty day simple moving average is $339.03 and its two-hundred day simple moving average is $269.05. Teradyne, Inc. has a 1-year low of $75.99 and a 1-year high of $422.11. The stock has a market cap of $55.33 billion, a P/E ratio of 65.45, a P/E/G ratio of 1.42 and a beta of 1.79.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company posted $0.75 earnings per share. The firm’s quarterly revenue was up 87.0% compared to the same quarter last year. As a group, analysts forecast 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 will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. This is a boost from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, May 21st. Teradyne’s dividend payout ratio is 9.63%.

Analysts Set New Price Targets

Several equities analysts recently commented on TER shares. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective on the stock in a research note on Thursday, April 30th. Susquehanna upped their price objective on Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a research note on Thursday, April 9th. TD Cowen reiterated a “buy” rating on shares of Teradyne in a research note on Thursday, January 22nd. Royal Bank Of Canada set a $270.00 price objective on Teradyne in a research note on Monday, February 2nd. Finally, The Goldman Sachs Group lifted their price objective on Teradyne from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and an average price target of $339.80.

Institutional Trading of Teradyne

A number of institutional investors have recently modified their holdings of TER. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Teradyne during the 4th quarter valued at approximately $28,000. McIlrath & Eck LLC purchased a new position in shares of Teradyne in the first quarter valued at $30,000. Root Financial Partners LLC purchased a new position in shares of Teradyne in the third quarter valued at $31,000. Davidson Capital Management Inc. purchased a new position in shares of Teradyne in the third quarter valued at $31,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Teradyne in the second quarter valued at $35,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

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.