Key Points
- Teradyne CEO Gregory Stephen Smith sold 1,108 shares on Dec. 12 at an average price of $201.31 for $223,051.48, leaving him with 93,409 shares (a 1.17% reduction in his stake).
- This sale continues a pattern of recent insider disposals by the CEO — he also sold 1,108 shares on Nov. 12 and Oct. 10, and 554 shares on Sept. 22 — indicating regular incremental selling.
- For context, Teradyne recently posted an earnings beat (EPS $0.85 vs. $0.78) with $769.2M in revenue, trades near its 52-week high of $205, and has a market cap of about $30.5B and a P/E of ~70.8.
Teradyne, Inc. (NASDAQ:TER - Get Free Report) CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the transaction, the chief executive officer owned 93,409 shares in the company, valued at $18,804,165.79. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Gregory Stephen Smith also recently made the following trade(s):
- On Wednesday, November 12th, Gregory Stephen Smith sold 1,108 shares of Teradyne stock. The stock was sold at an average price of $180.20, for a total value of $199,661.60.
- 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 shares were sold at an average price of $126.39, for a total transaction of $70,020.06.
Teradyne Stock Performance
Shares of Teradyne stock opened at $194.70 on Tuesday. Teradyne, Inc. has a one year low of $65.77 and a one year high of $205.00. The company has a market cap of $30.49 billion, a P/E ratio of 70.80, a PEG ratio of 2.02 and a beta of 1.85. The firm has a fifty day moving average of $168.74 and a two-hundred day moving average of $127.54.
Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.07. The business had revenue of $769.21 million for the quarter, compared to analyst estimates of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The business's revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 earnings per share. As a group, equities analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.
Teradyne Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, November 24th will be paid a $0.12 dividend. The ex-dividend date is Monday, November 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne's payout ratio is 17.45%.
Institutional Investors Weigh In On Teradyne
Hedge funds have recently bought and sold shares of the business. Bank of Nova Scotia grew its stake in Teradyne by 546.5% in the second quarter. Bank of Nova Scotia now owns 98,254 shares of the company's stock worth $8,835,000 after purchasing an additional 83,055 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Teradyne by 3.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,002 shares of the company's stock worth $24,908,000 after acquiring an additional 9,094 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Teradyne by 73.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company's stock worth $412,000 after acquiring an additional 1,939 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Teradyne by 17.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,760 shares of the company's stock valued at $11,893,000 after acquiring an additional 21,219 shares in the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of Teradyne by 231.5% during the 2nd quarter. QRG Capital Management Inc. now owns 106,567 shares of the company's stock valued at $9,583,000 after acquiring an additional 74,417 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Northland Securities set a $186.00 price objective on Teradyne in a research report on Thursday, October 30th. Susquehanna reissued a "positive" rating and issued a $215.00 price objective on shares of Teradyne in a research note on Thursday, October 30th. Cantor Fitzgerald restated an "overweight" rating and issued a $180.00 price objective on shares of Teradyne in a research report on Wednesday, October 29th. Wall Street Zen raised Teradyne from a "sell" rating to a "hold" rating in a research report on Monday, September 1st. Finally, Stifel Nicolaus set a $225.00 price target on Teradyne and gave the stock a "buy" rating in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Teradyne currently has an average rating of "Moderate Buy" and a consensus target price of $182.00.
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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