Key Points
- Teradyne VP Ryan Driscoll sold 680 shares on May 7 at an average price of $377.60, totaling $256,768. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Driscoll still owned 7,665 shares valued at about $2.89 million, representing an 8.15% decrease in his stake.
- Teradyne recently topped earnings expectations, reporting $2.56 EPS and $1.28 billion in revenue, while also raising its quarterly dividend to $0.13 per share.
Teradyne, Inc. (NASDAQ:TER - Get Free Report) VP Ryan Driscoll sold 680 shares of the firm's stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the transaction, the vice president directly owned 7,665 shares in the company, valued at $2,894,304. This trade represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Teradyne Stock Performance
Shares of TER opened at $366.64 on Tuesday. The firm has a market capitalization of $57.39 billion, a price-to-earnings ratio of 67.90, a price-to-earnings-growth ratio of 1.48 and a beta of 1.79. Teradyne, Inc. has a one year low of $75.99 and a one year high of $422.11. The stock's fifty day moving average is $332.52 and its 200-day moving average is $258.46.
Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, beating analysts' consensus estimates of $2.11 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The company's quarterly revenue was up 87.0% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. Analysts forecast that Teradyne, Inc. will post 7.09 EPS for the current fiscal year.
Teradyne Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, May 21st. This is an increase from Teradyne's previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. Teradyne's dividend payout ratio is presently 9.63%.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the company. Morgan Stanley set a $387.00 price target on Teradyne in a research note on Thursday, April 30th. Royal Bank Of Canada set a $270.00 price objective on Teradyne in a research report on Monday, February 2nd. Weiss Ratings upgraded Teradyne from a "hold (c)" rating to a "buy (b-)" rating in a report on Monday, May 4th. Zacks Research downgraded Teradyne from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 13th. Finally, Evercore set a $370.00 price objective on Teradyne in a research note on Thursday, April 30th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $339.80.
Get Our Latest Analysis on TER
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its position in shares of Teradyne by 1.1% during the first quarter. PNC Financial Services Group Inc. now owns 30,304 shares of the company's stock valued at $8,984,000 after purchasing an additional 318 shares during the period. Wilkerson Advisory Group LLC bought a new stake in shares of Teradyne during the first quarter valued at approximately $101,000. Andar Capital Management HK Ltd increased its position in shares of Teradyne by 2.5% during the first quarter. Andar Capital Management HK Ltd now owns 37,000 shares of the company's stock valued at $10,969,000 after purchasing an additional 900 shares during the period. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Teradyne during the first quarter valued at approximately $210,000. Finally, Florida Financial Advisors LLC bought a new stake in shares of Teradyne during the first quarter valued at approximately $845,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.
Teradyne Company Profile
(
Get Free Report)
Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.
The company's product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.
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