Teradyne, Inc. (NASDAQ:TER) CEO Gregory Stephen Smith Sells 3,080 Shares

Teradyne, Inc. (NASDAQ:TER) CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $409,024.00. Following the completion of the sale, the chief executive officer now directly owns 80,736 shares of the company’s stock, valued at approximately $10,721,740.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, September 11th, Gregory Stephen Smith sold 3,080 shares of Teradyne stock. The stock was sold at an average price of $130.00, for a total value of $400,400.00.

Teradyne Stock Performance

Shares of NASDAQ TER traded down $2.43 during mid-day trading on Thursday, reaching $129.01. 1,409,348 shares of the company traded hands, compared to its average volume of 2,011,211. The company’s fifty day moving average is $128.49 and its two-hundred day moving average is $129.81. Teradyne, Inc. has a fifty-two week low of $81.07 and a fifty-two week high of $163.21. The stock has a market cap of $21.05 billion, a PE ratio of 49.11, a price-to-earnings-growth ratio of 2.76 and a beta of 1.49.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.77 by $0.09. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The company had revenue of $729.88 million for the quarter, compared to the consensus estimate of $701.20 million. During the same quarter last year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. Research analysts forecast that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend was Thursday, September 5th. Teradyne’s dividend payout ratio is 18.25%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TER. Northland Capmk downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Craig Hallum downgraded shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 target price for the company. in a research report on Friday, July 26th. Northland Securities lowered their price target on shares of Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a report on Friday, July 26th. Evercore ISI lowered Teradyne from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Stifel Nicolaus boosted their target price on Teradyne from $100.00 to $150.00 and gave the company a “hold” rating in a research note on Tuesday, July 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $141.50.

Institutional Investors Weigh In On Teradyne

Hedge funds and other institutional investors have recently made changes to their positions in the business. Czech National Bank boosted its position in shares of Teradyne by 11.7% in the third quarter. Czech National Bank now owns 33,240 shares of the company’s stock valued at $4,452,000 after acquiring an additional 3,492 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in Teradyne by 28.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 833 shares of the company’s stock valued at $112,000 after purchasing an additional 182 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Teradyne by 4,695.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 290,249 shares of the company’s stock valued at $43,041,000 after purchasing an additional 284,197 shares during the period. Sanctuary Advisors LLC acquired a new stake in Teradyne in the 2nd quarter worth $4,423,000. Finally, EP Wealth Advisors LLC increased its holdings in shares of Teradyne by 51.0% during the 2nd quarter. EP Wealth Advisors LLC now owns 3,027 shares of the company’s stock worth $449,000 after purchasing an additional 1,022 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.