Teradyne (NASDAQ:TER) Stock: Insider Gregory Stephen Smith Sells 4,000 Shares

Key Points

• CEO Gregory Smith sold 4,000 Teradyne shares at an average price of $341.28, generating $1.37 million under a pre-arranged Rule 10b5-1 plan. He retained 104,495 shares, with the sale reducing his direct stake by 3.69%.
• Teradyne shares rose 4.5% to $339.57, while the company reported quarterly revenue of $1.33 billion and EPS of $2.47, exceeding analyst expectations. Revenue increased 103.9% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $396.80; institutional investors and hedge funds own 99.77% of the stock.

Teradyne, Inc. (NASDAQ:TER - Get Free Report) CEO Gregory Smith sold 4,000 shares of the company's stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $341.28, for a total value of $1,365,120.00. Following the transaction, the chief executive officer directly owned 104,495 shares in the company, valued at approximately $35,662,053.60. This represents a 3.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gregory Stephen Smith also recently made the following trade(s):

• On Tuesday, September 15th, Gregory Smith sold 4,000 shares of Teradyne stock. The shares were sold at an average price of $337.83, for a total value of $1,351,320.00.
• On Monday, August 17th, Gregory Smith sold 4,000 shares of Teradyne stock. The stock was sold at an average price of $425.00, for a total transaction of $1,700,000.00.

Teradyne Trading Up 4.5%

Shares of NASDAQ:TER traded up $14.57 during trading on Monday, hitting $339.57. 1,525,936 shares of the company were exchanged, compared to its average volume of 3,526,964. Teradyne, Inc. has a fifty-two week low of $135.83 and a fifty-two week high of $487.91. The firm has a fifty day moving average price of $380.05 and a two-hundred day moving average price of $374.53. The stock has a market cap of $53.09 billion, a price-to-earnings ratio of 46.54, a P/E/G ratio of 0.66 and a beta of 1.75.

Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.38. The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. Teradyne's quarterly revenue was up 103.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 EPS. As a group, research analysts predict that Teradyne, Inc. will post 9.11 EPS for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were given a $0.13 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.52 annualized dividend and a dividend yield of 0.2%. Teradyne's payout ratio is presently 7.13%.

Hedge Funds Weigh In On Teradyne

Several institutional investors have recently added to or reduced their stakes in TER. BlackRock Inc. bought a new stake in shares of Teradyne during the second quarter valued at approximately $9,404,408,000. State Street Corp lifted its position in Teradyne by 4.6% in the 2nd quarter. State Street Corp now owns 7,290,460 shares of the company's stock valued at $3,527,416,000 after acquiring an additional 320,034 shares in the last quarter. Van ECK Associates Corp increased its holdings in Teradyne by 5.0% during the 2nd quarter. Van ECK Associates Corp now owns 2,607,914 shares of the company's stock worth $1,261,813,000 after purchasing an additional 123,549 shares in the last quarter. ABS Investment Management LLC bought a new position in shares of Teradyne in the second quarter valued at approximately $1,006,387,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Teradyne by 0.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,978,124 shares of the company's stock valued at $957,096,000 after purchasing an additional 12,659 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TER has been the topic of several recent analyst reports. Robert W. Baird reiterated a "neutral" rating and issued a $420.00 price target on shares of Teradyne in a research note on Friday, August 21st. The Goldman Sachs Group reissued a "buy" rating and issued a $465.00 price objective on shares of Teradyne in a research note on Tuesday, July 28th. Zacks Research cut Teradyne from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Morgan Stanley boosted their price objective on Teradyne from $387.00 to $397.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 30th. Finally, Evercore reissued an "outperform" rating and set a $420.00 price target on shares of Teradyne in a research note on Thursday, July 30th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $396.80.

Teradyne Company Profile

Teradyne, Inc develops and supplies automated test equipment and industrial automation products. Its systems help manufacturers test the functionality, performance, and reliability of semiconductor devices, electronic systems, wireless products, and other complex products throughout the production process.

The company's product portfolio includes semiconductor test systems, memory and system-level test equipment, and solutions for printed circuit boards and electronic products. Teradyne also provides collaborative robots through Universal Robots and autonomous mobile robots through Mobile Industrial Robots (MiR), supporting applications such as assembly, material handling, machine tending, packaging, and warehouse logistics.

Founded in 1960 and headquartered in North Reading, Massachusetts, Teradyne serves customers worldwide, including semiconductor manufacturers, electronics producers, automotive companies, and industrial businesses.

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