Insider Selling: Teradyne, Inc. (NASDAQ:TER) CEO Sells 3,080 Shares of Stock

Teradyne, Inc. (NASDAQ:TER) CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares of the company’s stock, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Teradyne Price Performance

TER opened at $137.15 on Thursday. The stock has a market capitalization of $22.34 billion, a PE ratio of 43.54, a P/E/G ratio of 2.66 and a beta of 1.46. Teradyne, Inc. has a 12-month low of $92.29 and a 12-month high of $163.21. The firm’s fifty day moving average price is $117.34 and its 200 day moving average price is $127.70.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.78 by $0.12. The business had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.80 earnings per share. On average, equities research analysts forecast that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne declared that its board has approved a share repurchase program on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 0.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Teradyne Announces Dividend

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

Institutional Trading of Teradyne

Institutional investors have recently added to or reduced their stakes in the business. Alkeon Capital Management LLC increased its position in Teradyne by 189.6% in the third quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock worth $153,218,000 after buying an additional 749,003 shares during the period. Holocene Advisors LP acquired a new position in Teradyne during the 3rd quarter worth $91,129,000. Sumitomo Mitsui Trust Group Inc. grew its position in Teradyne by 18.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock valued at $325,814,000 after buying an additional 374,522 shares in the last quarter. State Street Corp boosted its holdings in shares of Teradyne by 5.4% in the third quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after acquiring an additional 350,002 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its stake in shares of Teradyne by 70.8% during the third quarter. Eagle Asset Management Inc. now owns 742,207 shares of the company’s stock valued at $99,404,000 after acquiring an additional 307,724 shares during the period. Institutional investors own 99.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on TER. Robert W. Baird dropped their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday. Evercore ISI upped their target price on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Northland Securities upgraded Teradyne from a “market perform” rating to an “outperform” rating and raised their target price for the company from $117.00 to $154.00 in a report on Monday. Finally, StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $150.33.

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.