Insider Selling: Teradyne, Inc. (NASDAQ:TER) Director Sells 625 Shares of Stock

Teradyne, Inc. (NASDAQ:TER) Director Mercedes Johnson sold 625 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the completion of the transaction, the director now owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Mercedes Johnson also recently made the following trade(s):

• On Monday, June 3rd, Mercedes Johnson sold 625 shares of Teradyne stock. The shares were sold at an average price of $143.84, for a total value of $89,900.00.

Teradyne Price Performance

Shares of TER stock traded down $0.88 during mid-day trading on Monday, hitting $116.39. 2,725,753 shares of the stock traded hands, compared to its average volume of 2,096,470. The stock’s fifty day moving average is $145.08 and its two-hundred day moving average is $122.15. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $163.21. The stock has a market cap of $18.17 billion, a P/E ratio of 44.23, a P/E/G ratio of 2.41 and a beta of 1.50.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The business had revenue of $729.88 million during the quarter, compared to analysts’ expectations of $701.20 million. During the same period in the previous year, the business earned $0.79 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts forecast that Teradyne, Inc. will post 3.02 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Tuesday, May 21st. Teradyne’s dividend payout ratio (DPR) is 18.25%.

Wall Street Analysts Forecast Growth

TER has been the subject of several recent analyst reports. KeyCorp upped their target price on shares of Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. Northland Securities decreased their price objective on Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a report on Friday, July 26th. Evercore ISI downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. UBS Group upped their price target on Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Finally, Robert W. Baird raised their target price on Teradyne from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $142.93.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rothschild Investment LLC acquired a new position in shares of Teradyne during the second quarter worth about $33,000. Bfsg LLC acquired a new stake in shares of Teradyne in the first quarter valued at $34,000. American National Bank acquired a new position in shares of Teradyne in the 4th quarter worth approximately $37,000. Cambridge Trust Co. acquired a new stake in Teradyne during the 4th quarter worth about $38,000. Finally, Tortoise Investment Management LLC increased its holdings in shares of Teradyne by 76.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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.