Key Points
- Teradyne insider Shannon John Poulin sold shares in two transactions, including 1,008 shares on May 21 at an average price of $345.37 and another 656 shares on May 22 at $355.00. The May 21 sale was tied to a pre-arranged Rule 10b5-1 plan and tax withholding for vested equity awards.
- Teradyne recently reported strong quarterly results, posting earnings of $2.56 per share versus analyst expectations of $2.11 and revenue of $1.28 billion versus $1.20 billion expected. Revenue jumped 87% year over year.
- The company raised its dividend to $0.13 per quarter from $0.12, while Wall Street remains broadly positive with a consensus rating of “Moderate Buy” and an average price target of $339.80.
Teradyne, Inc. (NASDAQ:TER - Get Free Report) insider Shannon John Poulin sold 656 shares of the firm's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $355.00, for a total value of $232,880.00. Following the transaction, the insider owned 15,722 shares in the company, valued at $5,581,310. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Shannon John Poulin also recently made the following trade(s):
- On Thursday, May 21st, Shannon John Poulin sold 1,008 shares of Teradyne stock. The stock was sold at an average price of $345.37, for a total value of $348,132.96.
Teradyne Price Performance
Shares of TER opened at $389.14 on Wednesday. The business's fifty day moving average price is $343.65 and its 200 day moving average price is $272.99. Teradyne, Inc. has a 12-month low of $77.02 and a 12-month high of $422.11. The stock has a market capitalization of $60.92 billion, a PE ratio of 72.06, a price-to-earnings-growth ratio of 1.47 and a beta of 1.79.
Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The firm had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same period last year, the business posted $0.75 earnings per share. The firm's revenue for the quarter was up 87.0% on a year-over-year basis. As a group, research analysts anticipate that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.
Teradyne Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be given a $0.13 dividend. This is a boost from Teradyne's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, May 21st. Teradyne's dividend payout ratio is 9.63%.
Analyst Ratings Changes
Several equities research analysts have weighed in on TER shares. Morgan Stanley set a $387.00 target price on Teradyne in a research report on Thursday, April 30th. Royal Bank Of Canada set a $270.00 target price on Teradyne in a research report on Monday, February 2nd. Northland Securities reaffirmed a "market perform" rating and issued a $270.00 target price on shares of Teradyne in a research report on Wednesday, February 4th. Weiss Ratings raised Teradyne from a "hold (c)" rating to a "buy (b-)" rating in a research report on Monday, May 4th. Finally, Citigroup increased their target price on Teradyne from $325.00 to $400.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $339.80.
Get Our Latest Analysis on TER
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of TER. Norges Bank acquired a new position in shares of Teradyne during the fourth quarter valued at $398,777,000. Wellington Management Group LLP increased its holdings in shares of Teradyne by 13,949.4% during the third quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company's stock valued at $280,357,000 after purchasing an additional 2,022,389 shares during the period. Aspex Management HK Ltd acquired a new position in shares of Teradyne during the fourth quarter valued at $199,723,000. Corient Private Wealth LLC increased its holdings in shares of Teradyne by 2,189.2% during the fourth quarter. Corient Private Wealth LLC now owns 1,075,916 shares of the company's stock valued at $208,254,000 after purchasing an additional 1,028,916 shares during the period. Finally, Alkeon Capital Management LLC increased its holdings in shares of Teradyne by 48.6% during the third quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company's stock valued at $395,427,000 after purchasing an additional 940,000 shares during the period. 99.77% of the stock is 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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