Gregory Stephen Smith Sells 1,108 Shares of Teradyne (NASDAQ:TER) Stock

Teradyne, Inc. (NASDAQ:TER) CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $180.20, for a total value of $199,661.60. Following the completion of the transaction, the chief executive officer directly owned 94,517 shares of the company’s stock, valued at approximately $17,031,963.40. This trade represents a 1.16% 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.

Gregory Stephen Smith also recently made the following trade(s):

• On Friday, October 10th, Gregory Stephen Smith sold 1,108 shares of Teradyne stock. The shares were sold at an average price of $145.24, for a total transaction of $160,925.92.
• On Monday, September 22nd, Gregory Stephen Smith sold 554 shares of Teradyne stock. The shares were sold at an average price of $126.39, for a total value of $70,020.06.
• On Friday, September 12th, Gregory Stephen Smith sold 554 shares of Teradyne stock. The stock was sold at an average price of $115.00, for a total transaction of $63,710.00.

Teradyne Trading Up 1.6%

Shares of TER traded up $2.77 during trading hours on Friday, hitting $172.36. 1,273,698 shares of the stock traded hands, compared to its average volume of 3,556,041. The firm has a market capitalization of $26.99 billion, a PE ratio of 62.61, a price-to-earnings-growth ratio of 3.64 and a beta of 1.90. The business has a fifty day moving average of $144.37 and a 200-day moving average of $110.96. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $191.56.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.78 by $0.07. The company had revenue of $769.21 million during the quarter, compared to analysts’ expectations of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS. As a group, equities research analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th will be issued a $0.12 dividend. The ex-dividend date is Monday, November 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. Teradyne’s dividend payout ratio (DPR) is 17.45%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TER shares. Cowen restated a “buy” rating on shares of Teradyne in a research note on Wednesday, July 30th. Citigroup raised their price objective on Teradyne from $117.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday. Industrial Alliance Securities set a $175.00 price target on shares of Teradyne in a research report on Tuesday, October 28th. Bank of America upgraded shares of Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Wednesday, October 29th. Finally, Wall Street Zen raised shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Monday, September 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and an average price target of $171.25.

Institutional Investors Weigh In On Teradyne

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in Teradyne by 264.7% in the third quarter. Tower Research Capital LLC TRC now owns 13,859 shares of the company’s stock worth $1,908,000 after acquiring an additional 10,059 shares during the period. Advocacy Wealth Management LLC bought a new position in Teradyne in the 3rd quarter worth about $968,000. Vident Advisory LLC increased its position in shares of Teradyne by 2.0% during the third quarter. Vident Advisory LLC now owns 8,054 shares of the company’s stock valued at $1,109,000 after acquiring an additional 161 shares in the last quarter. Wellington Management Group LLP increased its holdings in Teradyne by 13,949.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock worth $280,357,000 after buying an additional 2,022,389 shares in the last quarter. Finally, Oasis Management Co Ltd. purchased a new stake in Teradyne in the third quarter worth approximately $1,115,000. Institutional investors own 99.77% of the company’s stock.

About Teradyne

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.