Teradyne, Inc. (NASDAQ:TER) Insider Sells $688,888.20 in Stock

Teradyne, Inc. (NASDAQ:TER - Get Free Report) insider Richard John Burns sold 5,005 shares of the company's stock in a transaction on Monday, May 20th. The stock was 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 in the company, valued at $2,997,799.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Teradyne Stock Performance

Shares of TER traded up $2.59 during trading hours on Wednesday, reaching $142.86. 2,061,206 shares of the company traded hands, compared to its average volume of 1,999,094. The stock's fifty day moving average is $113.54 and its 200 day moving average is $104.99. The stock has a market cap of $22.30 billion, a P/E ratio of 54.32 and a beta of 1.50. Teradyne, Inc. has a 1-year low of $81.07 and a 1-year high of $143.01.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.18. The business had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. On average, equities research analysts predict that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 22nd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Tuesday, May 21st. Teradyne's dividend payout ratio (DPR) is presently 18.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Teradyne from $110.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. Susquehanna upped their price objective on shares of Teradyne from $125.00 to $130.00 and gave the stock a "positive" rating in a report on Friday, April 26th. JPMorgan Chase & Co. upped their price objective on shares of Teradyne from $100.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, April 11th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $110.00 price objective on shares of Teradyne in a report on Thursday, April 25th. Finally, The Goldman Sachs Group upgraded shares of Teradyne from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $118.00 to $161.00 in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $122.17.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Teradyne by 2.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 8,753 shares of the company's stock worth $879,000 after buying an additional 198 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Teradyne by 1.6% during the third quarter. Teacher Retirement System of Texas now owns 11,981 shares of the company's stock worth $1,204,000 after buying an additional 183 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of Teradyne by 12.0% during the third quarter. Orion Portfolio Solutions LLC now owns 2,588 shares of the company's stock worth $260,000 after buying an additional 277 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Teradyne by 1.6% during the third quarter. Daiwa Securities Group Inc. now owns 16,080 shares of the company's stock worth $1,615,000 after buying an additional 252 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Teradyne during the third quarter worth approximately $36,000. Institutional investors and hedge funds 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.