Mercedes Johnson Sells 625 Shares of Teradyne, Inc. (NASDAQ:TER) Stock

Teradyne, Inc. (NASDAQ:TER) Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the transaction, the director now directly owns 16,518 shares in the company, valued at $2,204,987.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, August 1st, Mercedes Johnson sold 625 shares of Teradyne stock. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25.

Teradyne Trading Down 0.5 %

NASDAQ TER traded down $0.66 on Thursday, hitting $126.10. 1,317,066 shares of the stock traded hands, compared to its average volume of 2,040,284. The stock has a 50-day moving average of $137.55 and a 200 day moving average of $126.19. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $163.21. The company has a market capitalization of $20.58 billion, a P/E ratio of 48.20, a price-to-earnings-growth ratio of 2.80 and a beta of 1.49.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $729.88 million for the quarter, compared to analysts’ expectations of $701.20 million. During the same period last year, the business posted $0.79 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities research analysts expect that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Dividend Announcement

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

Hedge Funds Weigh In On Teradyne

Several institutional investors have recently made changes to their positions in the stock. Swedbank AB raised its holdings in Teradyne by 198.8% during the second quarter. Swedbank AB now owns 641,614 shares of the company’s stock worth $95,145,000 after purchasing an additional 426,900 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Teradyne by 6.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 158,270 shares of the company’s stock valued at $16,104,000 after buying an additional 9,960 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Teradyne by 17.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock valued at $37,887,000 after buying an additional 50,156 shares during the period. Caxton Associates LP acquired a new stake in shares of Teradyne in the fourth quarter valued at $1,560,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of Teradyne by 8.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 188,733 shares of the company’s stock valued at $21,295,000 after purchasing an additional 14,272 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TER has been the subject of several research reports. Stifel Nicolaus boosted their price objective on Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. Evercore ISI cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Northland Capmk lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Craig Hallum lowered Teradyne from a “buy” rating to a “hold” rating and set a $124.00 target price for the company. in a report on Friday, July 26th. Finally, Citigroup cut their price target on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.