Key Points
- Teradyne CEO Gregory Stephen Smith sold 8,597 shares on May 15 at an average price of $338.98, for total proceeds of about $2.91 million. After the sale, he still directly owned 124,470 shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
- Teradyne reported strong quarterly results, with EPS of $2.56 beating estimates of $2.11 and revenue of $1.28 billion topping expectations. Revenue jumped 87% year over year, and analysts now expect the company to earn 7.09 EPS for the current fiscal year.
- The company raised its quarterly dividend to $0.13 per share from $0.12, payable June 12 to shareholders of record on May 21. Meanwhile, analysts remain largely bullish, with a consensus rating of Moderate Buy and an average target price of $339.80.
Teradyne, Inc. (NASDAQ:TER - Get Free Report) CEO Gregory Stephen Smith sold 8,597 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the transaction, the chief executive officer directly owned 124,470 shares of the company's stock, valued at $42,192,840.60. This represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Teradyne Trading Up 0.1%
TER opened at $321.52 on Wednesday. Teradyne, Inc. has a 12-month low of $75.99 and a 12-month high of $422.11. The firm has a market capitalization of $50.33 billion, a PE ratio of 59.54, a P/E/G ratio of 1.32 and a beta of 1.79. The firm has a 50 day moving average of $337.02 and a two-hundred day moving average of $266.66.
Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the firm posted $0.75 EPS. Teradyne's revenue for the quarter was up 87.0% compared to the same quarter last year. As a group, analysts predict that Teradyne, Inc. will post 7.09 EPS for the current fiscal year.
Teradyne Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.2%. This is a boost from Teradyne's previous quarterly dividend of $0.12. Teradyne's payout ratio is 9.63%.
Institutional Investors Weigh In On Teradyne
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UMB Bank n.a. increased its holdings in Teradyne by 1.8% in the 4th quarter. UMB Bank n.a. now owns 2,293 shares of the company's stock worth $444,000 after acquiring an additional 40 shares in the last quarter. Stephens Inc. AR increased its holdings in Teradyne by 1.2% in the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company's stock worth $645,000 after acquiring an additional 41 shares in the last quarter. Sapient Capital LLC increased its holdings in Teradyne by 1.5% in the 4th quarter. Sapient Capital LLC now owns 2,849 shares of the company's stock worth $560,000 after acquiring an additional 43 shares in the last quarter. Whittier Trust Co. increased its holdings in Teradyne by 5.5% in the 1st quarter. Whittier Trust Co. now owns 827 shares of the company's stock worth $261,000 after acquiring an additional 43 shares in the last quarter. Finally, Truvestments Capital LLC increased its holdings in Teradyne by 3.8% in the 4th quarter. Truvestments Capital LLC now owns 1,440 shares of the company's stock worth $279,000 after acquiring an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on TER shares. Weiss Ratings raised shares of Teradyne from a "hold (c)" rating to a "buy (b-)" rating in a report on Monday, May 4th. JPMorgan Chase & Co. raised shares of Teradyne from a "neutral" rating to an "overweight" rating and set a $400.00 target price for the company in a report on Thursday, April 30th. UBS Group lifted their target price on shares of Teradyne from $325.00 to $440.00 and gave the company a "buy" rating in a report on Tuesday, April 21st. Robert W. Baird set a $350.00 target price on shares of Teradyne in a report on Thursday, April 30th. Finally, Royal Bank Of Canada set a $270.00 target price on shares of Teradyne in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $339.80.
View Our Latest Report on Teradyne
About Teradyne
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
