Ryan Driscoll Sells 680 Shares of Teradyne (NASDAQ:TER) Stock

Teradyne, Inc. (NASDAQ:TERGet Free Report) VP Ryan Driscoll sold 680 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction of $256,768.00. Following the completion of the transaction, the vice president owned 7,665 shares in the company, valued at approximately $2,894,304. This represents a 8.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Teradyne Stock Performance

Teradyne stock opened at $358.45 on Wednesday. The firm has a market cap of $56.11 billion, a PE ratio of 66.38, a P/E/G ratio of 1.51 and a beta of 1.79. The firm’s 50 day moving average price is $333.29 and its two-hundred day moving average price is $260.01. Teradyne, Inc. has a twelve month low of $75.99 and a twelve month high of $422.11.

Teradyne (NASDAQ:TERGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The company’s revenue for the quarter was up 87.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 EPS. Equities analysts anticipate that Teradyne, Inc. will post 7.09 EPS for the current fiscal year.

Teradyne Increases Dividend

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

More Teradyne News

Here are the key news stories impacting Teradyne this week:

Hedge Funds Weigh In On Teradyne

Hedge funds have recently made changes to their positions in the business. UMB Bank n.a. boosted its stake in Teradyne by 1.8% during the 4th quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock worth $444,000 after acquiring an additional 40 shares during the last quarter. Stephens Inc. AR boosted its stake in Teradyne by 1.2% during the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock worth $645,000 after acquiring an additional 41 shares during the last quarter. Sapient Capital LLC boosted its stake in Teradyne by 1.5% during the 4th quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock worth $560,000 after acquiring an additional 43 shares during the last quarter. Whittier Trust Co. lifted its stake in Teradyne by 5.5% in the first quarter. Whittier Trust Co. now owns 827 shares of the company’s stock valued at $261,000 after buying an additional 43 shares in the last quarter. Finally, Truvestments Capital LLC lifted its stake in Teradyne by 3.8% in the fourth quarter. Truvestments Capital LLC now owns 1,440 shares of the company’s stock valued at $279,000 after buying an additional 53 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on TER shares. Citigroup upped their price objective on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target on the stock in a research note on Thursday, April 30th. Wall Street Zen upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings upgraded shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Finally, Evercore set a $370.00 price target on shares of Teradyne in a research note on Thursday, April 30th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $339.80.

Check Out Our Latest Stock Analysis on TER

Teradyne Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Teradyne (NASDAQ:TER)

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