Key Points
- Gregory Stephen Smith, Teradyne's CEO, sold 1,108 shares on Nov. 12 at an average price of $180.20 for about $199,662, reducing his stake to 94,517 shares (a 1.16% decrease).
- The Nov. 12 sale follows several recent insider disposals by Smith — Oct. 10 (1,108 shares at $145.24), Sep. 22 (554 at $126.39) and Sep. 12 (554 at $115.00) — signaling ongoing position trimming.
- Company snapshot: Teradyne beat Q3 estimates (EPS $0.85 vs. $0.78; revenue $769.2M vs. $744.2M), trades near $170 with a $26.6B market cap, and holds a consensus "Moderate Buy" analyst rating with an average target of $171.25.
Teradyne, Inc. (NASDAQ:TER - Get Free Report) CEO Gregory Stephen Smith sold 1,108 shares of the business's stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $180.20, for a total value of $199,661.60. Following the completion of the sale, the chief executive officer owned 94,517 shares of the company's stock, valued at $17,031,963.40. This trade represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Gregory Stephen Smith also recently made the following trade(s):
- On Friday, October 10th, Gregory Stephen Smith sold 1,108 shares of Teradyne stock. The stock was sold at an average price of $145.24, for a total value of $160,925.92.
- On Monday, September 22nd, Gregory Stephen Smith sold 554 shares of Teradyne stock. The stock was sold at an average price of $126.39, for a total transaction of $70,020.06.
- On Friday, September 12th, Gregory Stephen Smith sold 554 shares of Teradyne stock. The stock was sold at an average price of $115.00, for a total transaction of $63,710.00.
Teradyne Stock Performance
Shares of NASDAQ TER traded up $0.38 during midday trading on Friday, hitting $169.97. The company's stock had a trading volume of 3,207,667 shares, compared to its average volume of 3,565,220. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $191.56. The firm's fifty day moving average price is $145.37 and its 200-day moving average price is $111.61. The firm has a market cap of $26.62 billion, a P/E ratio of 61.81, a P/E/G ratio of 3.64 and a beta of 1.90.
Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.07. The company had revenue of $769.21 million during the quarter, compared to the consensus estimate of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.Teradyne's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 earnings per share. As a group, research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.
Teradyne Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, November 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. Teradyne's dividend payout ratio is currently 17.45%.
Institutional Investors Weigh In On Teradyne
Large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Teradyne by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company's stock worth $2,947,935,000 after purchasing an additional 444,940 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Teradyne by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company's stock worth $442,413,000 after buying an additional 143,058 shares during the period. Federated Hermes Inc. grew its holdings in shares of Teradyne by 79.7% during the second quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company's stock valued at $340,353,000 after buying an additional 1,679,215 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Teradyne by 11.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,473,173 shares of the company's stock valued at $490,134,000 after buying an additional 354,876 shares during the period. Finally, Primecap Management Co. CA lifted its stake in Teradyne by 58.6% in the 2nd quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company's stock worth $274,036,000 after acquiring an additional 1,125,868 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Industrial Alliance Securities set a $175.00 price objective on Teradyne in a report on Tuesday, October 28th. The Goldman Sachs Group raised their target price on Teradyne from $130.00 to $148.00 and gave the company a "sell" rating in a research note on Thursday, October 30th. Bank of America upgraded shares of Teradyne from an "underperform" rating to a "buy" rating and set a $205.00 price target on the stock in a research report on Wednesday, October 29th. Morgan Stanley raised their price objective on shares of Teradyne from $100.00 to $136.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 14th. Finally, Cowen reiterated a "buy" rating on shares of Teradyne in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Teradyne presently has a consensus rating of "Moderate Buy" and an average price target of $171.25.
Get Our Latest Stock Report on TER
Teradyne Company Profile
(
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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.
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