Insider Selling: Teradyne, Inc. (NASDAQ:TER) Director Sells 625 Shares of Stock

Teradyne, Inc. (NASDAQ:TER) Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $121.20, for a total value of $75,750.00. Following the completion of the transaction, the director now directly owns 17,142 shares in the company, valued at approximately $2,077,610.40. The sale was disclosed in a document filed with the SEC, which is available at this link.

Teradyne Stock Performance

Shares of Teradyne stock traded down $0.66 during trading on Wednesday, hitting $120.43. 1,794,935 shares of the stock traded hands, compared to its average volume of 1,972,417. The stock has a market cap of $18.42 billion, a P/E ratio of 45.25 and a beta of 1.50. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $123.65. The company has a fifty day moving average price of $108.06 and a two-hundred day moving average price of $101.69.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 18.88% and a net margin of 16.15%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 EPS. On average, equities research analysts expect that Teradyne, Inc. will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TER shares. Evercore ISI started coverage on Teradyne in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price target on the stock. Robert W. Baird lifted their price target on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 price target on shares of Teradyne in a research note on Thursday, April 25th. The Goldman Sachs Group lifted their price target on Teradyne from $107.00 to $118.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Finally, Susquehanna lifted their price target on Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $117.83.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Mutual of America Capital Management LLC raised its stake in shares of Teradyne by 6.6% in the 4th quarter. Mutual of America Capital Management LLC now owns 41,973 shares of the company’s stock valued at $4,555,000 after acquiring an additional 2,590 shares in the last quarter. International Assets Investment Management LLC increased its position in Teradyne by 8,125.5% in the 4th quarter. International Assets Investment Management LLC now owns 133,088 shares of the company’s stock worth $14,443,000 after buying an additional 131,470 shares during the period. Raymond James & Associates increased its position in Teradyne by 3.8% in the 4th quarter. Raymond James & Associates now owns 448,581 shares of the company’s stock worth $48,680,000 after buying an additional 16,595 shares during the period. Value Aligned Research Advisors LLC bought a new position in Teradyne in the 4th quarter worth approximately $2,981,000. Finally, Louisiana State Employees Retirement System bought a new position in Teradyne in the 4th quarter worth approximately $998,000. 99.77% of the stock is owned by institutional investors.

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.