Richard John Burns Sells 5,005 Shares of Teradyne, Inc. (NASDAQ:TER) Stock

Teradyne, Inc. (NASDAQ:TER) insider Richard John Burns sold 5,005 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $137.64, for a total transaction of $688,888.20. Following the completion of the transaction, the insider now directly owns 21,780 shares of the company’s stock, valued at approximately $2,997,799.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Teradyne Stock Performance

Shares of NASDAQ:TER opened at $140.25 on Friday. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $145.64. The stock has a market capitalization of $21.89 billion, a P/E ratio of 53.33, a PEG ratio of 2.71 and a beta of 1.50. The stock has a 50-day simple moving average of $114.26 and a 200-day simple moving average of $105.23.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The business had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. During the same quarter in the previous year, the business earned $0.55 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Analysts predict that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 22nd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Tuesday, May 21st. Teradyne’s payout ratio is currently 18.25%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a research note on Thursday, April 25th. Robert W. Baird boosted their target price on shares of Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Evercore ISI began coverage on shares of Teradyne in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 target price for the company. KeyCorp lifted their price target on Teradyne from $140.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.17.

Institutional Trading of Teradyne

A number of institutional investors have recently modified their holdings of TER. Swedbank AB purchased a new position in Teradyne in the 1st quarter worth approximately $24,226,000. LRI Investments LLC purchased a new position in Teradyne in the 1st quarter worth approximately $68,000. Arrow Financial Corp boosted its holdings in Teradyne by 35.9% in the 1st quarter. Arrow Financial Corp now owns 15,426 shares of the company’s stock worth $1,741,000 after acquiring an additional 4,073 shares during the period. Wahed Invest LLC boosted its holdings in Teradyne by 14.6% in the 1st quarter. Wahed Invest LLC now owns 3,011 shares of the company’s stock worth $340,000 after acquiring an additional 384 shares during the period. Finally, Tidal Investments LLC boosted its holdings in Teradyne by 146.3% in the 1st quarter. Tidal Investments LLC now owns 11,591 shares of the company’s stock worth $1,307,000 after acquiring an additional 6,885 shares during the period. 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.