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

Key Points

• Teradyne CEO Gregory Stephen Smith sold 4,000 shares for $1.7 million at an average price of $425 under a pre-arranged Rule 10b5-1 trading plan. He retains 112,495 shares valued at approximately $47.8 million.
• Teradyne shares fell 9.9% to $399.10, while the company’s latest quarterly results exceeded expectations: EPS was $2.47 versus a $2.09 estimate, and revenue rose 103.9% year over year to $1.33 billion.
• Analysts remain generally positive, with Teradyne carrying a “Moderate Buy” consensus rating and an average price target of $396.80; institutional investors own 99.77% of the stock.

Teradyne, Inc. (NASDAQ:TER - Get Free Report) CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief executive officer directly owned 112,495 shares in the company, valued at $47,810,375. This trade represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 15th, Gregory Stephen Smith sold 4,000 shares of Teradyne stock. The shares were sold at an average price of $423.03, for a total value of $1,692,120.00.

Teradyne Stock Down 9.9%

NASDAQ TER traded down $44.04 during trading on Tuesday, hitting $399.10. 1,851,907 shares of the stock traded hands, compared to its average volume of 3,796,660. The company has a market capitalization of $62.40 billion, a P/E ratio of 54.61, a price-to-earnings-growth ratio of 0.85 and a beta of 1.78. Teradyne, Inc. has a 12-month low of $106.30 and a 12-month high of $487.91. The firm has a 50-day simple moving average of $385.63 and a 200-day simple moving average of $350.65.

Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company earned $0.57 EPS. The company's quarterly revenue was up 103.9% compared to the same quarter last year. As a group, research analysts predict that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Analysts Set New Price Targets

TER has been the subject of a number of analyst reports. Citigroup increased their price target on shares of Teradyne from $325.00 to $400.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Evercore restated an "outperform" rating and set a $420.00 price objective on shares of Teradyne in a research report on Thursday, July 30th. Morgan Stanley raised their price objective on Teradyne from $387.00 to $397.00 and gave the company an "equal weight" rating in a research note on Thursday, July 30th. Weiss Ratings upgraded Teradyne from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 6th. Finally, Robert W. Baird set a $420.00 target price on Teradyne in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Teradyne presently has an average rating of "Moderate Buy" and an average price target of $396.80.

Institutional Trading of Teradyne

Several institutional investors and hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new stake in Teradyne in the 4th quarter valued at about $28,000. Community Financial Services Group LLC bought a new stake in shares of Teradyne during the second quarter valued at approximately $29,000. McIlrath & Eck LLC purchased a new stake in shares of Teradyne in the first quarter valued at approximately $30,000. Elevation Wealth Partners LLC grew its stake in Teradyne by 1,320.0% in the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company's stock worth $34,000 after purchasing an additional 66 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in Teradyne during the 2nd quarter worth $35,000. 99.77% of the stock is currently owned by institutional investors.

About Teradyne

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.

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