Teradyne (NASDAQ:TER) CEO Sells $1,700,000.00 in Stock

Teradyne, Inc. (NASDAQ:TER) CEO Gregory Stephen Smith sold 4,000 shares of the firm’s 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 sale, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at $47,810,375. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 stock was sold at an average price of $423.03, for a total transaction of $1,692,120.00.

Teradyne Stock Performance

TER opened at $383.15 on Friday. The stock has a 50-day moving average of $387.01 and a 200-day moving average of $353.63. Teradyne, Inc. has a 52-week low of $107.82 and a 52-week high of $487.91. The company has a market cap of $59.90 billion, a PE ratio of 52.56, a price-to-earnings-growth ratio of 0.77 and a beta of 1.78.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the business posted $0.57 EPS. Teradyne’s revenue was up 103.9% compared to the same quarter last year. On average, research analysts predict that Teradyne, Inc. will post 9.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TER has been the subject of a number of research reports. Robert W. Baird set a $420.00 price objective on Teradyne in a research report on Thursday, July 30th. Bank of America boosted their price target on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Susquehanna increased their target price on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a report on Tuesday, June 30th. Weiss Ratings raised shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Finally, UBS Group lifted their price objective on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $396.80.

Institutional Investors Weigh In On Teradyne

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Carolina Wealth Advisors LLC boosted its position in Teradyne by 42.5% during the second quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company’s stock valued at $55,000 after buying an additional 34 shares during the period. Vestor Capital LLC increased its holdings in shares of Teradyne by 15.4% in the first quarter. Vestor Capital LLC now owns 285 shares of the company’s stock worth $85,000 after buying an additional 38 shares during the period. UMB Bank n.a. lifted its stake in shares of Teradyne by 1.8% in the 4th quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock valued at $444,000 after acquiring an additional 40 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in shares of Teradyne by 5.8% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company’s stock valued at $352,000 after acquiring an additional 40 shares during the last quarter. Finally, Stephens Inc. AR boosted its holdings in Teradyne by 1.2% during the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock valued at $645,000 after acquiring an additional 41 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Company Profile

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.