Teradyne (NASDAQ:TER) CEO Gregory Stephen Smith Sells 8,597 Shares

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

Teradyne Stock Performance

NASDAQ:TER opened at $321.52 on Wednesday. Teradyne, Inc. has a fifty-two week low of $75.99 and a fifty-two week high of $422.11. The stock has a market capitalization of $50.33 billion, a P/E ratio of 59.54, a P/E/G ratio of 1.32 and a beta of 1.79. The company’s 50-day simple moving average is $337.02 and its 200-day simple moving average is $266.66.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business earned $0.75 EPS. The company’s revenue was up 87.0% compared to the same quarter last year. On average, research analysts forecast that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 21st will be issued a $0.13 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio (DPR) is 9.63%.

Hedge Funds Weigh In On Teradyne

Hedge funds and other institutional investors have recently modified their holdings of the stock. McIlrath & Eck LLC purchased a new position in shares of Teradyne in the 1st quarter valued at approximately $30,000. Cornerstone Planning Group LLC raised its position in shares of Teradyne by 149.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock valued at $42,000 after purchasing an additional 85 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Teradyne in the 4th quarter valued at approximately $28,000. Sunbelt Securities Inc. raised its position in shares of Teradyne by 66.3% in the 1st quarter. Sunbelt Securities Inc. now owns 153 shares of the company’s stock valued at $45,000 after purchasing an additional 61 shares during the last quarter. Finally, SJS Investment Consulting Inc. raised its position in Teradyne by 192.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 164 shares of the company’s stock worth $49,000 after buying an additional 108 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TER shares. UBS Group raised their price target on shares of Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Susquehanna raised their price target on shares of Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a report on Thursday, April 9th. Wall Street Zen upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Weiss Ratings raised shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Evercore set a $370.00 price objective on shares of Teradyne in a research report on Thursday, April 30th. One research 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $339.80.

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.