Teradyne (NASDAQ:TER) CEO Gregory Stephen Smith Sells 4,000 Shares

Teradyne, Inc. (NASDAQ:TER) CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the transaction, the chief executive officer directly owned 112,495 shares in the company, valued at $47,810,375. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 15th, Gregory Stephen Smith sold 4,000 shares of Teradyne stock. The shares were sold at an average price of $423.03, for a total transaction of $1,692,120.00.

Teradyne Stock Down 9.9%

TER stock traded down $44.04 during trading on Tuesday, hitting $399.10. 1,851,907 shares of the company’s stock traded hands, compared to its average volume of 3,796,660. The firm has a market capitalization of $62.40 billion, a P/E ratio of 54.61, a PEG ratio of 0.85 and a beta of 1.78. Teradyne, Inc. has a 1 year low of $106.30 and a 1 year high of $487.91. The business has a fifty day simple moving average of $385.63 and a two-hundred day simple moving average of $350.65.

Teradyne (NASDAQ:TER) last posted its earnings results 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 during 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%.Teradyne’s revenue was up 103.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. On average, equities research analysts predict that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on TER. Weiss Ratings raised shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Evercore reaffirmed an “outperform” rating and issued a $420.00 price target on shares of Teradyne in a report on Thursday, July 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $550.00 price objective on shares of Teradyne in a report on Wednesday, July 29th. The Goldman Sachs Group reissued a “buy” rating and issued a $465.00 price objective on shares of Teradyne in a research report on Tuesday, July 28th. Finally, Stifel Nicolaus boosted their target price on Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $396.80.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Carolina Wealth Advisors LLC grew its holdings in shares of Teradyne by 42.5% during the second quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company’s stock valued at $55,000 after buying an additional 34 shares during the last quarter. Vestor Capital LLC raised its stake in Teradyne by 15.4% in the 1st quarter. Vestor Capital LLC now owns 285 shares of the company’s stock worth $85,000 after acquiring an additional 38 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its position 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 acquiring an additional 40 shares during the period. UMB Bank n.a. grew its stake in Teradyne by 1.8% during the 4th quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock valued at $444,000 after purchasing an additional 40 shares during the last quarter. Finally, Stephens Inc. AR grew its stake in Teradyne by 1.2% during the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock valued at $645,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.