Teradyne, Inc. (NASDAQ:TER – Get Free Report) insider Shannon John Poulin sold 1,008 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total transaction of $348,132.96. Following the sale, the insider directly owned 15,066 shares of the company’s stock, valued at $5,203,344.42. The trade was a 6.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Shannon John Poulin also recently made the following trade(s):
- On Friday, May 22nd, Shannon John Poulin sold 656 shares of Teradyne stock. The shares were sold at an average price of $355.00, for a total transaction of $232,880.00.
Teradyne Stock Down 3.4%
Shares of TER opened at $375.83 on Thursday. The stock has a market capitalization of $58.83 billion, a P/E ratio of 69.60, a PEG ratio of 1.60 and a beta of 1.79. The firm has a fifty day simple moving average of $345.20 and a two-hundred day simple moving average of $274.34. Teradyne, Inc. has a twelve month low of $77.02 and a twelve month high of $422.11.
Teradyne Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be issued a $0.13 dividend. This is a boost from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, May 21st. This represents a $0.52 annualized dividend and a yield of 0.1%. Teradyne’s dividend payout ratio (DPR) is currently 9.63%.
Teradyne News Summary
Here are the key news stories impacting Teradyne this week:
- Positive Sentiment: Teradyne posted strong Q1 results, with EPS of $2.56 beating estimates and revenue of $1.28 billion topping expectations, while management said about 70% of revenue was tied to AI-related demand.
- Positive Sentiment: The company raised its quarterly dividend to $0.13 per share, signaling confidence in cash generation and returning more capital to shareholders.
- Neutral Sentiment: Wall Street sentiment remains constructive, with several analysts reiterating bullish ratings and a median price target above recent trading levels.
- Negative Sentiment: Investors appear focused on the sequential drop in Q2 revenue guidance versus Q1, which suggests a slowdown after an exceptionally strong quarter and may be prompting valuation compression.
- Negative Sentiment: Recent insider-sale filings, including sales by executive Shannon John Poulin, are adding to cautious sentiment even though the transactions were reportedly made under a pre-arranged 10b5-1 plan and for tax withholding.
Wall Street Analyst Weigh In
Several research analysts have commented on TER shares. Morgan Stanley set a $387.00 price objective on shares of Teradyne in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. The Goldman Sachs Group upped their price objective on shares of Teradyne from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Robert W. Baird set a $350.00 price objective on shares of Teradyne in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective for the company in a report on Thursday, April 30th. One investment 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 stock. According to MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and an average target price of $339.80.
Get Our Latest Stock Report on TER
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Essential Partners LLC increased its stake in shares of Teradyne by 1.9% in the 1st quarter. Essential Partners LLC now owns 9,782 shares of the company’s stock worth $2,900,000 after acquiring an additional 181 shares in the last quarter. Vestor Capital LLC increased its stake in shares of 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 in the last quarter. Groupe la Francaise bought a new position in shares of Teradyne in the 1st quarter worth about $6,494,000. E20 Capital Ltd bought a new position in shares of Teradyne in the 1st quarter worth about $29,981,000. Finally, Western Wealth Management LLC bought a new position in shares of Teradyne in the 1st quarter worth about $293,000. 99.77% of the stock is currently owned by institutional investors.
About Teradyne
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.
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