Gregory Stephen Smith Sells 3,080 Shares of Teradyne, Inc. (NASDAQ:TER) Stock

Teradyne, Inc. (NASDAQ:TER) CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % 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.

Teradyne Stock Performance

Teradyne stock opened at $137.15 on Thursday. Teradyne, Inc. has a fifty-two week low of $92.29 and a fifty-two week high of $163.21. The company has a market capitalization of $22.34 billion, a price-to-earnings ratio of 43.54, a PEG ratio of 2.66 and a beta of 1.46. The stock has a fifty day moving average of $117.34 and a two-hundred day moving average of $127.70.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The firm had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. On average, analysts forecast that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne announced that its board has approved a stock buyback program on Monday, November 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Monday, November 25th. Teradyne’s payout ratio is 15.24%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TER shares. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $145.00 to $158.00 in a research note on Monday, December 16th. Northland Securities upgraded shares of Teradyne from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $117.00 to $154.00 in a research note on Monday. Evercore ISI boosted their price target on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Stifel Nicolaus lowered their price objective on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Finally, Robert W. Baird dropped their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $150.33.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TER. Commonwealth Equity Services LLC lifted its position in Teradyne by 2.3% during the second quarter. Commonwealth Equity Services LLC now owns 15,196 shares of the company’s stock worth $2,254,000 after buying an additional 343 shares during the period. TD Asset Management Inc boosted its position in shares of Teradyne by 5.7% in the second quarter. TD Asset Management Inc now owns 67,307 shares of the company’s stock worth $9,981,000 after acquiring an additional 3,624 shares during the last quarter. National Bank of Canada FI grew its holdings in Teradyne by 16.1% in the second quarter. National Bank of Canada FI now owns 66,903 shares of the company’s stock valued at $9,872,000 after purchasing an additional 9,298 shares during the period. Private Advisor Group LLC increased its position in Teradyne by 3.2% during the second quarter. Private Advisor Group LLC now owns 6,110 shares of the company’s stock worth $906,000 after purchasing an additional 190 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Teradyne during the second quarter worth approximately $977,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

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.