Teradyne, Inc. (NASDAQ:TER) CEO Gregory Stephen Smith Sells 554 Shares

Teradyne, Inc. (NASDAQ:TER) CEO Gregory Stephen Smith sold 554 shares of Teradyne stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $105.73, for a total value of $58,574.42. Following the completion of the sale, the chief executive officer directly owned 97,547 shares of the company’s stock, valued at approximately $10,313,644.31. This trade represents a 0.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Teradyne Price Performance

Shares of Teradyne stock opened at $104.16 on Friday. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $144.16. The firm has a market cap of $16.71 billion, a PE ratio of 36.04, a PEG ratio of 2.25 and a beta of 1.72. The company has a 50 day simple moving average of $89.70 and a two-hundred day simple moving average of $93.09.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. The firm had revenue of $651.80 million for the quarter, compared to analysts’ expectations of $649.02 million. During the same quarter last year, the company posted $0.86 EPS. The business’s quarterly revenue was down 10.7% on a year-over-year basis. As a group, research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.48 annualized dividend and a yield of 0.5%. Teradyne’s payout ratio is 16.61%.

Teradyne declared that its board has initiated a share repurchase program on Monday, April 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Teradyne from a “hold” rating to a “sell” rating in a research note on Saturday. Cowen reissued a “buy” rating on shares of Teradyne in a report on Wednesday. Susquehanna dropped their target price on Teradyne from $155.00 to $133.00 and set a “positive” rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 price target (up from $88.00) on shares of Teradyne in a research report on Thursday, July 17th. Finally, Morgan Stanley upgraded Teradyne from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $74.00 to $100.00 in a research note on Thursday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $114.44.

Hedge Funds Weigh In On Teradyne

Several institutional investors have recently modified their holdings of the company. Covestor Ltd raised its position in Teradyne by 12.3% in the 4th quarter. Covestor Ltd now owns 901 shares of the company’s stock worth $113,000 after purchasing an additional 99 shares during the period. Snowden Capital Advisors LLC grew its stake in shares of Teradyne by 2.8% during the fourth quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company’s stock valued at $472,000 after buying an additional 103 shares during the last quarter. Fulton Bank N.A. increased its holdings in shares of Teradyne by 4.3% in the second quarter. Fulton Bank N.A. now owns 2,722 shares of the company’s stock worth $245,000 after buying an additional 113 shares during the period. CIBC Private Wealth Group LLC increased its holdings in shares of Teradyne by 4.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company’s stock worth $429,000 after buying an additional 119 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of Teradyne by 1.0% in the 1st quarter. HighTower Advisors LLC now owns 12,528 shares of the company’s stock valued at $1,035,000 after acquiring an additional 124 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

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.