Insider Selling: Teradyne, Inc. (NASDAQ:TER) CEO Sells $400,400.00 in Stock

Teradyne, Inc. (NASDAQ:TER) CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now owns 74,660 shares of the company’s stock, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Teradyne Stock Down 1.2 %

TER stock opened at $137.15 on Friday. The company has a market capitalization of $22.34 billion, a P/E ratio of 43.54, a PEG ratio of 2.66 and a beta of 1.46. The company has a 50-day simple moving average of $117.96 and a 200 day simple moving average of $127.77. Teradyne, Inc. has a fifty-two week low of $92.29 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. During the same period in the prior year, the firm posted $0.80 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend was Monday, November 25th. Teradyne’s payout ratio is currently 15.24%.

Teradyne declared that its board has authorized a stock buyback plan on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 0.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TER. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $145.00 to $158.00 in a research note on Monday, December 16th. Evercore ISI lifted their target price on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Craig Hallum dropped their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Finally, Stifel Nicolaus reduced their price objective on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and an average target price of $150.33.

Hedge Funds Weigh In On Teradyne

Hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC increased its holdings in shares of Teradyne by 2.3% in the second quarter. Commonwealth Equity Services LLC now owns 15,196 shares of the company’s stock valued at $2,254,000 after buying an additional 343 shares in the last quarter. TD Asset Management Inc raised its position in Teradyne by 5.7% during the second quarter. TD Asset Management Inc now owns 67,307 shares of the company’s stock valued at $9,981,000 after buying an additional 3,624 shares during the period. National Bank of Canada FI lifted its stake in Teradyne by 16.1% in the 2nd quarter. National Bank of Canada FI now owns 66,903 shares of the company’s stock worth $9,872,000 after acquiring an additional 9,298 shares in the last quarter. Private Advisor Group LLC boosted its position in Teradyne by 3.2% during the 2nd quarter. Private Advisor Group LLC now owns 6,110 shares of the company’s stock worth $906,000 after acquiring an additional 190 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in Teradyne during the 2nd quarter valued at about $977,000. Institutional investors and hedge funds 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.