Gregory Stephen Smith Sells 3,080 Shares of Teradyne, Inc. (NASDAQ:TER) Stock

Teradyne, Inc. (NASDAQ:TER) CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Teradyne Price Performance

Shares of Teradyne stock traded down $1.18 during trading on Tuesday, hitting $138.82. 3,228,197 shares of the company were exchanged, compared to its average volume of 2,751,024. The firm’s fifty day moving average price is $116.28 and its 200 day moving average price is $127.71. The firm has a market capitalization of $22.61 billion, a P/E ratio of 44.07, a price-to-earnings-growth ratio of 2.66 and a beta of 1.46. Teradyne, Inc. has a 1-year low of $92.29 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.12. The company had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. Teradyne’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were given a dividend of $0.12 per share. The ex-dividend date was Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.35%. Teradyne’s payout ratio is 15.24%.

Teradyne announced that its Board of Directors has authorized a share buyback plan on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts recently commented on TER shares. Robert W. Baird lowered their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Craig Hallum decreased their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Northland Securities upgraded shares of Teradyne from a “market perform” rating to an “outperform” rating and upped their price target for the company from $117.00 to $154.00 in a research report on Monday. Finally, JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $145.00 to $158.00 in a research note on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $150.33.

Institutional Trading of Teradyne

Large investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Teradyne during the 3rd quarter valued at $2,221,000. MBB Public Markets I LLC bought a new position in shares of Teradyne during the 2nd quarter valued at approximately $1,619,000. Cerity Partners LLC grew its holdings in Teradyne by 87.1% during the third quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock valued at $1,523,000 after purchasing an additional 5,294 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Teradyne by 17.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock worth $10,325,000 after acquiring an additional 11,541 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Teradyne by 30.5% during the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock valued at $11,878,000 after buying an additional 20,762 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Company Profile

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.