Teradyne, Inc. (NASDAQ:TER) Director Sells $83,000.00 in Stock

Teradyne, Inc. (NASDAQ:TER) Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $83,000.00. Following the completion of the transaction, the director now owns 15,893 shares in the company, valued at approximately $2,110,590.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Mercedes Johnson also recently made the following trade(s):

• On Tuesday, September 3rd, Mercedes Johnson sold 625 shares of Teradyne stock. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25.
• On Thursday, August 1st, Mercedes Johnson sold 625 shares of Teradyne stock. The shares were sold at an average price of $128.77, for a total transaction of $80,481.25.

Teradyne Stock Performance

Shares of NASDAQ:TER traded down $2.43 during midday trading on Thursday, reaching $129.01. 1,409,348 shares of the company’s stock traded hands, compared to its average volume of 2,011,211. The company has a market cap of $20.14 billion, a price-to-earnings ratio of 49.05, a P/E/G ratio of 2.76 and a beta of 1.49. Teradyne, Inc. has a one year low of $81.07 and a one year high of $163.21. The stock has a 50 day moving average of $128.49 and a 200 day moving average of $129.81.

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

Teradyne Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TER shares. Stifel Nicolaus boosted their price target on shares of Teradyne from $100.00 to $150.00 and gave the company a “hold” rating in a report on Tuesday, July 16th. Citigroup dropped their price objective on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. UBS Group increased their target price on Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a research report on Friday, August 16th. Finally, Evercore ISI downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $141.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TER. Czech National Bank boosted its position in Teradyne by 11.7% in the 3rd quarter. Czech National Bank now owns 33,240 shares of the company’s stock valued at $4,452,000 after buying an additional 3,492 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in shares of Teradyne by 28.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 833 shares of the company’s stock worth $112,000 after buying an additional 182 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position 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 buying an additional 284,197 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Teradyne during the second quarter worth about $4,423,000. Finally, EP Wealth Advisors LLC boosted its position 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 in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

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.