Teradyne, Inc. (NASDAQ:TER) Director Mercedes Johnson Sells 625 Shares

Teradyne, Inc. (NASDAQ:TER) Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $121.20, for a total transaction of $75,750.00. Following the completion of the sale, the director now directly owns 17,142 shares in the company, valued at approximately $2,077,610.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Teradyne Trading Down 0.5 %

Teradyne stock opened at $120.43 on Thursday. The company has a market cap of $18.42 billion, a PE ratio of 45.79 and a beta of 1.50. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $123.65. The company’s 50-day moving average is $108.46 and its two-hundred day moving average is $101.82.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. The business had revenue of $599.82 million for the quarter, compared to analyst estimates of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the company earned $0.55 EPS. Research analysts forecast that Teradyne, Inc. will post 2.99 EPS for the current year.

Institutional Investors Weigh In On Teradyne

Several hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Teradyne by 24.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 196,967 shares of the company’s stock worth $22,224,000 after purchasing an additional 38,697 shares during the period. State Board of Administration of Florida Retirement System grew its position in Teradyne by 6.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 207,570 shares of the company’s stock valued at $22,316,000 after purchasing an additional 13,126 shares in the last quarter. Koshinski Asset Management Inc. acquired a new stake in shares of Teradyne in the first quarter valued at about $245,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Teradyne by 4,854.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 398,009 shares of the company’s stock worth $44,907,000 after purchasing an additional 389,975 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its position in Teradyne by 7.3% during the first quarter. Bleakley Financial Group LLC now owns 8,661 shares of the company’s stock worth $977,000 after acquiring an additional 590 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Teradyne in a research note on Thursday, April 25th. Robert W. Baird increased their price target on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Susquehanna raised their price target on Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a report on Friday, April 26th. The Goldman Sachs Group boosted their price objective on Teradyne from $107.00 to $118.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Finally, Evercore ISI initiated coverage on Teradyne in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $117.83.

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.