Teradyne (NASDAQ:TER) VP Ryan Driscoll Sells 680 Shares

Teradyne, Inc. (NASDAQ:TER) VP Ryan Driscoll sold 680 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the sale, the vice president directly owned 7,665 shares of the company’s stock, valued at $2,894,304. The trade was a 8.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Teradyne Stock Performance

NASDAQ:TER traded up $6.87 during trading hours on Monday, reaching $366.64. The stock had a trading volume of 4,275,628 shares, compared to its average volume of 3,529,016. The stock has a 50 day simple moving average of $331.51 and a 200 day simple moving average of $255.33. Teradyne, Inc. has a 12-month low of $75.99 and a 12-month high of $422.11. The stock has a market cap of $57.39 billion, a P/E ratio of 67.90, a price-to-earnings-growth ratio of 1.48 and a beta of 1.79.

Teradyne (NASDAQ:TER) last released its earnings results 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 return on equity of 31.79% and a net margin of 22.55%.The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the business posted $0.75 earnings per share. The business’s revenue for the quarter was up 87.0% on a year-over-year basis. On average, equities analysts expect that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be given a $0.13 dividend. This is an increase from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, May 21st. Teradyne’s dividend payout ratio (DPR) is 9.63%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TER. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target for the company in a report on Thursday, April 30th. Morgan Stanley set a $387.00 price target on Teradyne in a report on Thursday, April 30th. Northland Securities reaffirmed a “market perform” rating and issued a $270.00 price target on shares of Teradyne in a report on Wednesday, February 4th. Robert W. Baird set a $350.00 price target on Teradyne in a report on Thursday, April 30th. Finally, Royal Bank Of Canada set a $270.00 price target on Teradyne in a report on Monday, February 2nd. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and an average price target of $339.80.

Institutional Investors Weigh In On Teradyne

Several large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its stake in Teradyne by 1.1% during the first quarter. PNC Financial Services Group Inc. now owns 30,304 shares of the company’s stock valued at $8,984,000 after buying an additional 318 shares during the period. Wilkerson Advisory Group LLC bought a new stake in Teradyne during the first quarter valued at $101,000. Andar Capital Management HK Ltd boosted its stake in Teradyne by 2.5% during the first quarter. Andar Capital Management HK Ltd now owns 37,000 shares of the company’s stock valued at $10,969,000 after buying an additional 900 shares during the period. Commerzbank Aktiengesellschaft FI bought a new stake in Teradyne during the first quarter valued at $210,000. Finally, Florida Financial Advisors LLC bought a new stake in Teradyne during the first quarter valued at $845,000. Institutional investors own 99.77% of the company’s stock.

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.