Insider Selling: Teradyne, Inc. (NASDAQ:TER) Director Sells 750 Shares of Stock

Teradyne, Inc. (NASDAQ:TER – Get Rating) Director Mercedes Johnson sold 750 shares of Teradyne stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total transaction of $75,000.00. Following the sale, the director now owns 19,737 shares in the company, valued at approximately $1,973,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Teradyne Stock Up 0.4 %

TER traded up $0.42 during midday trading on Wednesday, reaching $103.44. 1,485,000 shares of the company were exchanged, compared to its average volume of 1,441,950. The company has a market cap of $16.11 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 6.37 and a beta of 1.52. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.59 and a current ratio of 3.03. The company’s fifty day moving average price is $91.97 and its 200 day moving average price is $88.00. Teradyne, Inc. has a one year low of $67.81 and a one year high of $147.94.

Teradyne (NASDAQ:TER – Get Rating) last released its earnings results on Tuesday, October 25th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.11. The company had revenue of $827.07 million during the quarter, compared to analyst estimates of $800.20 million. Teradyne had a return on equity of 33.39% and a net margin of 23.38%. Teradyne’s quarterly revenue was down 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.59 earnings per share. As a group, analysts expect that Teradyne, Inc. will post 4.07 EPS for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 21st. Stockholders of record on Monday, November 28th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Friday, November 25th. Teradyne’s dividend payout ratio is presently 9.84%.

Analyst Ratings Changes

A number of analysts have recently issued reports on TER shares. Susquehanna Bancshares lifted their price objective on shares of Teradyne from $83.00 to $100.00 in a research note on Thursday, October 27th. Craig Hallum raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Thursday, October 27th. Evercore ISI set a $110.00 price target on shares of Teradyne in a research report on Wednesday, November 23rd. Cowen decreased their price target on shares of Teradyne to $110.00 in a research report on Thursday, October 27th. Finally, StockNews.com started coverage on shares of Teradyne in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Ten analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and an average price target of $96.20.

Hedge Funds Weigh In On Teradyne

Several institutional investors have recently modified their holdings of TER. Bartlett & Co. LLC bought a new position in Teradyne during the second quarter valued at $26,000. Clear Street Markets LLC lifted its position in shares of Teradyne by 401.5% during the second quarter. Clear Street Markets LLC now owns 336 shares of the company’s stock worth $30,000 after acquiring an additional 269 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Teradyne by 700.0% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 400 shares of the company’s stock worth $36,000 after acquiring an additional 350 shares in the last quarter. Larson Financial Group LLC purchased a new stake in shares of Teradyne during the second quarter worth $38,000. Finally, Ronald Blue Trust Inc. lifted its position in shares of Teradyne by 264.2% during the fourth quarter. Ronald Blue Trust Inc. now owns 448 shares of the company’s stock worth $34,000 after acquiring an additional 325 shares in the last quarter. 97.05% of the stock is owned by institutional investors.

About Teradyne

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Teradyne, Inc engages in the development and sale of automatic test systems. It operates through the following segments: Semiconductor Test, Industrial Automation, System Test, Wireless Test, and Corporate and Other. The Semiconductor Test segment designs, manufactures, and markets semiconductor test products and services.