Teradyne (NASDAQ:TER) Shares Down 3.9% Following Insider Selling

Teradyne, Inc. (NASDAQ:TER) traded down 3.9% during mid-day trading on Monday following insider selling activity. The stock traded as low as $126.02 and last traded at $126.09. 48,942 shares traded hands during trading, a decline of 98% from the average session volume of 2,016,885 shares. The stock had previously closed at $131.23.

Specifically, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction on Wednesday, September 11th. 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 83,816 shares in the company, valued at approximately $10,896,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. UBS Group upped their price objective on shares of Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Evercore ISI downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. upped their price objective on shares of Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. 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. Finally, KeyCorp raised their price target on shares of Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $141.50.

Teradyne Trading Down 3.9 %

The stock has a market capitalization of $19.68 billion, a PE ratio of 49.05, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. The firm has a 50-day moving average price of $134.35 and a 200-day moving average price of $127.64.

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

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 5th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.38%. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

Hedge Funds Weigh In On Teradyne

Institutional investors and hedge funds have recently bought and sold shares of the company. Swedbank AB lifted its position in shares of Teradyne by 198.8% during the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after buying an additional 426,900 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Teradyne by 17.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock valued at $37,887,000 after purchasing an additional 50,156 shares during the last quarter. Caxton Associates LP bought a new position in Teradyne during the fourth quarter worth about $1,560,000. Janney Montgomery Scott LLC increased its stake in shares of Teradyne by 8.2% in the first quarter. Janney Montgomery Scott LLC now owns 188,733 shares of the company’s stock worth $21,295,000 after purchasing an additional 14,272 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Teradyne by 1,544.3% in the fourth quarter. KBC Group NV now owns 473,221 shares of the company’s stock valued at $51,354,000 after purchasing an additional 444,442 shares during the period. 99.77% of the stock is owned by institutional investors.

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.