Shannon John Poulin Sells 656 Shares of Teradyne (NASDAQ:TER) Stock

Teradyne, Inc. (NASDAQ:TER) insider Shannon John Poulin sold 656 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $355.00, for a total transaction of $232,880.00. Following the sale, the insider directly owned 15,722 shares of the company’s stock, valued at $5,581,310. This represents a 4.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Shannon John Poulin also recently made the following trade(s):

• On Thursday, May 21st, Shannon John Poulin sold 1,008 shares of Teradyne stock. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96.

Teradyne Stock Down 3.4%

TER stock opened at $375.83 on Thursday. The stock has a market capitalization of $58.83 billion, a P/E ratio of 69.60, a P/E/G ratio of 1.60 and a beta of 1.79. The firm has a 50-day simple moving average of $345.20 and a 200-day simple moving average of $274.34. Teradyne, Inc. has a 52 week low of $77.02 and a 52 week high of $422.11.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, April 29th. The company reported $2.56 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 analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. The company’s quarterly revenue was up 87.0% on a year-over-year basis. On average, analysts expect that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. This is an increase from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s payout ratio is presently 9.63%.

Teradyne News Summary

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Teradyne posted strong Q1 results, with EPS of $2.56 beating estimates and revenue of $1.28 billion topping expectations, while management said about 70% of revenue was tied to AI-related demand.
• Positive Sentiment: The company raised its quarterly dividend to $0.13 per share, signaling confidence in cash generation and returning more capital to shareholders.
• Neutral Sentiment: Wall Street sentiment remains constructive, with several analysts reiterating bullish ratings and a median price target above recent trading levels.
• Negative Sentiment: Investors appear focused on the sequential drop in Q2 revenue guidance versus Q1, which suggests a slowdown after an exceptionally strong quarter and may be prompting valuation compression.
• Negative Sentiment: Recent insider-sale filings, including sales by executive Shannon John Poulin, are adding to cautious sentiment even though the transactions were reportedly made under a pre-arranged 10b5-1 plan and for tax withholding.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TER shares. 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. The Goldman Sachs Group upped their target price on Teradyne from $300.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Robert W. Baird set a $350.00 target price on Teradyne in a research note on Thursday, April 30th. Wall Street Zen upgraded Teradyne from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Northland Securities reissued a “market perform” rating and set a $270.00 price target on shares of Teradyne in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $339.80.

Hedge Funds Weigh In On Teradyne

Institutional investors and hedge funds have recently bought and sold shares of the company. McIlrath & Eck LLC acquired a new position in Teradyne in the 1st quarter valued at about $30,000. Cornerstone Planning Group LLC boosted its holdings in 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 acquired a new position in Teradyne in the 4th quarter valued at about $28,000. Sunbelt Securities Inc. boosted its holdings in 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. boosted its holdings in Teradyne by 192.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 164 shares of the company’s stock valued at $49,000 after purchasing an additional 108 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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.