Key Points
- Teradyne CEO Gregory Smith sold 4,000 shares at an average price of $341.28, generating $1.37 million. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct holdings by 3.69% to 104,495 shares.
- Teradyne recently reported strong quarterly results, with revenue up 103.9% year over year to $1.33 billion and earnings of $2.47 per share, exceeding analyst expectations.
- Analysts maintain a generally positive view, with 11 Buy ratings and five Holds, producing a consensus “Moderate Buy” rating and a $396.80 price target. Institutional investors own 99.77% of the company.
Teradyne, Inc. (NASDAQ:TER - Get Free Report) CEO Gregory Smith sold 4,000 shares of the firm's stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $341.28, for a total transaction of $1,365,120.00. Following the transaction, the chief executive officer directly owned 104,495 shares of the company's stock, valued at approximately $35,662,053.60. This trade represents a 3.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Gregory Stephen Smith also recently made the following trade(s):
- On Tuesday, September 15th, Gregory Smith sold 4,000 shares of Teradyne stock. The stock was sold at an average price of $337.83, for a total value of $1,351,320.00.
- On Monday, August 17th, Gregory Smith sold 4,000 shares of Teradyne stock. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00.
Teradyne Price Performance
Shares of NASDAQ TER opened at $335.53 on Tuesday. The stock has a market capitalization of $52.46 billion, a price-to-earnings ratio of 46.03, a PEG ratio of 0.66 and a beta of 1.75. The firm's 50 day simple moving average is $379.46 and its 200-day simple moving average is $374.81. Teradyne, Inc. has a 12 month low of $135.83 and a 12 month high of $487.91.
Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.38. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%. The firm's revenue for the quarter was up 103.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share. Analysts anticipate that Teradyne, Inc. will post 9.11 earnings per share for the current fiscal year.
Teradyne Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, September 4th. Teradyne's payout ratio is currently 7.13%.
Analyst Ratings Changes
TER has been the subject of several research reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $550.00 price target on shares of Teradyne in a research report on Wednesday, July 29th. Robert W. Baird restated a "neutral" rating and set a $420.00 price target on shares of Teradyne in a research note on Friday, August 21st. Evercore reaffirmed an "outperform" rating and set a $420.00 price target on shares of Teradyne in a report on Thursday, July 30th. Wall Street Zen lowered shares of Teradyne from a "buy" rating to a "hold" rating in a research report on Monday, September 28th. Finally, Weiss Ratings upgraded shares of Teradyne from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, September 29th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $396.80.
Read Our Latest Research Report on TER
Institutional Trading of Teradyne
A number of institutional investors have recently added to or reduced their stakes in the stock. Carolina Wealth Advisors LLC grew its stake in shares of Teradyne by 42.5% during the second quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company's stock worth $55,000 after purchasing an additional 34 shares in the last quarter. Purus Wealth Management LLC raised its stake in Teradyne by 0.3% in the third quarter. Purus Wealth Management LLC now owns 11,145 shares of the company's stock valued at $4,468,000 after buying an additional 35 shares in the last quarter. Vestor Capital LLC raised its stake in Teradyne by 15.4% in the first quarter. Vestor Capital LLC now owns 285 shares of the company's stock valued at $85,000 after buying an additional 38 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in Teradyne by 5.8% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company's stock worth $352,000 after buying an additional 40 shares during the last quarter. Finally, Whittier Trust Co. lifted its holdings in Teradyne by 5.5% during the 1st quarter. Whittier Trust Co. now owns 827 shares of the company's stock worth $261,000 after buying an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.
Teradyne Company Profile
(
Get Free Report)
Teradyne, Inc develops and supplies automated test equipment and industrial automation products. Its systems help manufacturers test the functionality, performance, and reliability of semiconductor devices, electronic systems, wireless products, and other complex products throughout the production process.
The company's product portfolio includes semiconductor test systems, memory and system-level test equipment, and solutions for printed circuit boards and electronic products. Teradyne also provides collaborative robots through Universal Robots and autonomous mobile robots through Mobile Industrial Robots (MiR), supporting applications such as assembly, material handling, machine tending, packaging, and warehouse logistics.
Founded in 1960 and headquartered in North Reading, Massachusetts, Teradyne serves customers worldwide, including semiconductor manufacturers, electronics producers, automotive companies, and industrial businesses.
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