Teradyne, Inc. (TER) Insider Sells $308,900.00 in Stock
Teradyne, Inc. (NYSE:TER) insider Brad Robbins sold 10,000 shares of Teradyne stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $30.89, for a total value of $308,900.00. Following the completion of the transaction, the insider now owns 54,647 shares of the company’s stock, valued at approximately $1,688,045.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Brad Robbins also recently made the following trade(s):
- On Friday, January 27th, Brad Robbins sold 1,700 shares of Teradyne stock. The stock was sold at an average price of $28.17, for a total value of $47,889.00.
Shares of Teradyne, Inc. (NYSE:TER) traded up 0.36% on Monday, hitting $30.94. The company’s stock had a trading volume of 1,835,752 shares. The firm’s market cap is $6.20 billion. Teradyne, Inc. has a one year low of $18.07 and a one year high of $31.19. The stock has a 50-day moving average price of $29.15 and a 200 day moving average price of $24.96.
Teradyne (NYSE:TER) last released its quarterly earnings results on Wednesday, January 25th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.10. Teradyne had a negative net margin of 2.48% and a positive return on equity of 16.79%. The firm earned $380 million during the quarter, compared to the consensus estimate of $348.23 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. Equities research analysts predict that Teradyne, Inc. will post $1.66 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 20th. Investors of record on Friday, February 24th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Wednesday, February 22nd. This is an increase from Teradyne’s previous quarterly dividend of $0.06. Teradyne’s dividend payout ratio is -109.09%.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in TER. Bank of New York Mellon Corp increased its position in Teradyne by 109.1% in the third quarter. Bank of New York Mellon Corp now owns 8,819,302 shares of the company’s stock valued at $190,320,000 after buying an additional 4,601,220 shares during the period. BlackRock Fund Advisors increased its position in Teradyne by 4.2% in the third quarter. BlackRock Fund Advisors now owns 7,735,912 shares of the company’s stock valued at $166,941,000 after buying an additional 311,063 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in Teradyne by 1.2% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 778,837 shares of the company’s stock valued at $16,807,000 after buying an additional 8,940 shares during the period. Jane Street Group LLC bought a new position in Teradyne during the third quarter valued at $691,000. Finally, Comerica Bank increased its position in Teradyne by 5.8% in the fourth quarter. Comerica Bank now owns 150,152 shares of the company’s stock valued at $3,985,000 after buying an additional 8,238 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.
Several brokerages have issued reports on TER. Needham & Company LLC boosted their target price on Teradyne from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, January 30th. Summit Redstone restated a “buy” rating on shares of Teradyne in a research report on Friday, January 27th. Zacks Investment Research upgraded Teradyne from a “sell” rating to a “hold” rating and set a $33.00 target price for the company in a research report on Friday, January 27th. Cowen and Company boosted their target price on Teradyne from $27.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, January 26th. Finally, Deutsche Bank AG restated a “buy” rating and set a $28.00 target price (up previously from $25.00) on shares of Teradyne in a research report on Monday, January 23rd. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $27.15.
Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries.
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