Teradyne (NASDAQ:TER) CEO Sells $199,661.60 in Stock

Teradyne, Inc. (NASDAQ:TER) CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $180.20, for a total transaction of $199,661.60. Following the transaction, the chief executive officer owned 94,517 shares in the company, valued at $17,031,963.40. The trade was a 1.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Friday, October 10th, Gregory Stephen Smith sold 1,108 shares of Teradyne stock. The shares were sold at an average price of $145.24, for a total transaction of $160,925.92.
• On Monday, September 22nd, Gregory Stephen Smith sold 554 shares of Teradyne stock. The shares were sold at an average price of $126.39, for a total transaction of $70,020.06.
• On Friday, September 12th, Gregory Stephen Smith sold 554 shares of Teradyne stock. The shares were sold at an average price of $115.00, for a total value of $63,710.00.

Teradyne Stock Up 0.2%

Shares of TER stock opened at $169.97 on Monday. The firm has a fifty day moving average of $145.37 and a 200-day moving average of $112.13. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $191.56. The company has a market capitalization of $26.62 billion, a price-to-earnings ratio of 61.81, a P/E/G ratio of 3.64 and a beta of 1.90.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.78 by $0.07. The business had revenue of $769.21 million during the quarter, compared to analysts’ expectations of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 earnings per share. On average, equities analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, November 24th. Teradyne’s payout ratio is presently 17.45%.

Hedge Funds Weigh In On Teradyne

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new position in Teradyne during the third quarter valued at approximately $31,000. Davidson Capital Management Inc. bought a new stake in shares of Teradyne during the 3rd quarter valued at about $31,000. CYBER HORNET ETFs LLC bought a new position in shares of Teradyne in the 2nd quarter worth approximately $35,000. Hemington Wealth Management raised its holdings in Teradyne by 43.2% in the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its position in Teradyne by 44.7% during the 1st quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock valued at $37,000 after acquiring an additional 140 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TER has been the subject of a number of analyst reports. Citigroup boosted their price target on Teradyne from $117.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday. Industrial Alliance Securities set a $175.00 target price on Teradyne in a research report on Tuesday, October 28th. Cowen restated a “buy” rating on shares of Teradyne in a report on Wednesday, July 30th. Morgan Stanley raised their price objective on shares of Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 price target on shares of Teradyne in a research note on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $171.25.

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.