Insider Selling: Teradyne (NASDAQ:TER) Insider Sells 656 Shares of Stock

Teradyne, Inc. (NASDAQ:TER) insider Shannon John Poulin sold 656 shares of Teradyne stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $355.00, for a total transaction of $232,880.00. Following the completion of the transaction, the insider owned 15,722 shares in the company, valued at approximately $5,581,310. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 Thursday, May 21st, Shannon John Poulin sold 1,008 shares of Teradyne stock. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96.

Teradyne Trading Up 8.6%

Shares of NASDAQ TER traded up $30.70 during midday trading on Tuesday, reaching $389.14. 4,004,814 shares of the company were exchanged, compared to its average volume of 3,555,779. The stock has a market cap of $60.92 billion, a P/E ratio of 72.06, a PEG ratio of 1.47 and a beta of 1.79. Teradyne, Inc. has a 1 year low of $77.02 and a 1 year high of $422.11. The stock has a fifty day simple moving average of $341.60 and a 200 day simple moving average of $271.57.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the business earned $0.75 EPS. The firm’s revenue was up 87.0% compared to the same quarter last year. As a group, analysts forecast that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be issued a dividend of $0.13 per share. This is a boost from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, May 21st. Teradyne’s dividend payout ratio is 9.63%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Teradyne during the 4th quarter worth $28,000. McIlrath & Eck LLC acquired a new position in shares of Teradyne during the 1st quarter worth $30,000. Root Financial Partners LLC purchased a new position in shares of Teradyne in the 3rd quarter valued at about $31,000. Davidson Capital Management Inc. purchased a new position in shares of Teradyne in the 3rd quarter valued at about $31,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Teradyne in the second quarter valued at about $35,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TER shares. Morgan Stanley set a $387.00 price objective on shares of Teradyne in a research note on Thursday, April 30th. Citigroup lifted their target price on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Susquehanna boosted their price target on shares of Teradyne from $335.00 to $415.00 and gave the stock a “positive” rating in a research note on Thursday, April 9th. Northland Securities reissued a “market perform” rating and set a $270.00 price target on shares of Teradyne in a report on Wednesday, February 4th. Finally, Robert W. Baird set a $350.00 price objective on shares of Teradyne in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $339.80.

Teradyne Company Profile

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.