Teradyne (NASDAQ:TER) CEO Sells $1,365,120.00 in Stock

Teradyne, Inc. (NASDAQ:TER) CEO Gregory Smith sold 4,000 shares of the company’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $341.28, for a total transaction of $1,365,120.00. Following the transaction, the chief executive officer owned 104,495 shares in the company, valued at $35,662,053.60. The trade was a 3.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 15th, Gregory Smith sold 4,000 shares of Teradyne stock. The shares were sold at an average price of $337.83, for a total transaction of $1,351,320.00.
• On Monday, August 17th, Gregory Smith sold 4,000 shares of Teradyne stock. The shares were sold at an average price of $425.00, for a total transaction of $1,700,000.00.

Teradyne Trading Up 2.6%

TER stock opened at $345.49 on Thursday. The firm has a 50 day moving average of $377.45 and a 200-day moving average of $375.23. Teradyne, Inc. has a 12-month low of $135.83 and a 12-month high of $487.91. The company has a market cap of $54.01 billion, a price-to-earnings ratio of 47.39, a PEG ratio of 0.68 and a beta of 1.75.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.09 by $0.38. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%. The company’s quarterly revenue was up 103.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 EPS. Sell-side analysts forecast that Teradyne, Inc. will post 9.11 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.52 annualized dividend and a yield of 0.2%. Teradyne’s payout ratio is currently 7.13%.

Institutional Investors Weigh In On Teradyne

A number of institutional investors and hedge funds have recently bought and sold shares of TER. BlackRock Inc. purchased a new stake in shares of Teradyne in the second quarter valued at $9,404,408,000. Andar Capital Management HK Ltd acquired a new stake in shares of Teradyne during the second quarter valued at $37,800,000. State Street Corp increased its position in Teradyne by 4.6% during the 2nd quarter. State Street Corp now owns 7,290,460 shares of the company’s stock worth $3,527,416,000 after purchasing an additional 320,034 shares in the last quarter. Van ECK Associates Corp increased its position in Teradyne by 5.0% during the 2nd quarter. Van ECK Associates Corp now owns 2,607,914 shares of the company’s stock worth $1,261,813,000 after purchasing an additional 123,549 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Teradyne by 0.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,978,124 shares of the company’s stock worth $957,096,000 after purchasing an additional 12,659 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TER. Evercore reissued an “outperform” rating and issued a $420.00 target price on shares of Teradyne in a report on Thursday, July 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $550.00 price target on shares of Teradyne in a research note on Wednesday, July 29th. Robert W. Baird reaffirmed a “neutral” rating and set a $420.00 price target on shares of Teradyne in a research note on Friday, August 21st. Morgan Stanley boosted their price objective on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 29th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $396.80.

Key Teradyne News

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Physical-AI partnership expands growth opportunity: Teradyne Robotics is partnering with Sereact to deploy AI-enabled robotic systems for difficult-to-automate retail and logistics tasks, including processing fashion returns. The collaboration could support adoption of Teradyne’s Universal Robots and Mobile Industrial Robots platforms. Teradyne Robotics and Sereact Partner to Scale Physical AI Solutions for Retail and Logistics
• Positive Sentiment: UBS sets a significantly higher price target: UBS reportedly established a $485 target for Teradyne, providing bullish support and signaling confidence in the company’s semiconductor-test and automation exposure. Teradyne Inc. stock: UBS sets USD 485.00 target pre-market
• Positive Sentiment: Strong earnings momentum raises expectations: Teradyne’s latest quarter significantly exceeded consensus estimates, with revenue up more than 100% year over year. Investors will look for continued strength in semiconductor test and robotics demand in the upcoming report. Teradyne stock: October 27 results put Teradyne stock to the test
• Neutral Sentiment: Analyst sentiment remains favorable but valuation is elevated: Teradyne has a consensus “Moderate Buy” rating and an average target of $396.80, although its high earnings multiple leaves the stock sensitive to any earnings or guidance disappointment.
• Negative Sentiment: Insider selling adds a modest cautionary signal: CEO Gregory Smith sold 4,000 shares worth approximately $1.37 million. The transaction occurred under a pre-arranged Rule 10b5-1 plan, reducing its significance, but it follows additional sales by the CEO.

About Teradyne

Teradyne, Inc develops and supplies automated test equipment and industrial automation products. Its systems help manufacturers test the functionality, performance, and reliability of semiconductor devices, electronic systems, wireless products, and other complex products throughout the production process.

The company’s product portfolio includes semiconductor test systems, memory and system-level test equipment, and solutions for printed circuit boards and electronic products. Teradyne also provides collaborative robots through Universal Robots and autonomous mobile robots through Mobile Industrial Robots (MiR), supporting applications such as assembly, material handling, machine tending, packaging, and warehouse logistics.

Founded in 1960 and headquartered in North Reading, Massachusetts, Teradyne serves customers worldwide, including semiconductor manufacturers, electronics producers, automotive companies, and industrial businesses.