Teradyne, Inc. (NASDAQ:TER) Insider Sells $104,779.20 in Stock

Teradyne, Inc. (NASDAQ:TER) insider Richard John Burns sold 789 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the sale, the insider now owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Teradyne Stock Up 1.2 %

TER opened at $130.50 on Friday. The business’s fifty day simple moving average is $128.67 and its 200 day simple moving average is $130.00. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $163.21. The stock has a market cap of $21.29 billion, a PE ratio of 49.62, a P/E/G ratio of 2.69 and a beta of 1.49.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $701.20 million. During the same quarter in the previous year, the company posted $0.79 EPS. Teradyne’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts anticipate that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were issued a $0.12 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 0.37%. Teradyne’s dividend payout ratio is currently 18.25%.

Institutional Trading of Teradyne

Several hedge funds and other institutional investors have recently bought and sold shares of TER. Ashton Thomas Private Wealth LLC bought a new position in shares of Teradyne during the second quarter valued at about $27,000. Rothschild Investment LLC bought a new position in shares of Teradyne in the 2nd quarter worth approximately $33,000. Quarry LP raised its holdings in Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after purchasing an additional 169 shares in the last quarter. Tortoise Investment Management LLC lifted its position in Teradyne by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares during the period. Finally, Versant Capital Management Inc grew its holdings in Teradyne by 3,800.0% in the second quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock worth $52,000 after purchasing an additional 342 shares during the period. Institutional investors own 99.77% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TER shares. Citigroup dropped their price target on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Susquehanna upped their target price on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a report on Friday, July 26th. Northland Securities dropped their price target on Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a report on Friday, July 26th. UBS Group upped their price objective on Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Finally, Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Teradyne presently has an average rating of “Hold” and an average price target of $141.50.

About Teradyne

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.