Insider Selling: Teradyne, Inc. (TER) Insider Sells 7,431 Shares of Stock

Teradyne, Inc. (NYSE:TER) insider Gregory Stephen Smith sold 7,431 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $44.51, for a total transaction of $330,753.81. Following the completion of the transaction, the insider now directly owns 6,599 shares in the company, valued at $293,721.49. The sale was disclosed in a document filed with the SEC, which is available at this link.

Teradyne, Inc. (TER) traded up $0.18 during mid-day trading on Tuesday, reaching $43.15. 5,203,965 shares of the company’s stock were exchanged, compared to its average volume of 2,610,000. The firm has a market cap of $8,460.00, a P/E ratio of 34.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 4.76 and a current ratio of 5.00. Teradyne, Inc. has a 12 month low of $28.38 and a 12 month high of $48.53.

Teradyne (NYSE:TER) last released its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.12. The company had revenue of $479.00 million during the quarter, compared to the consensus estimate of $438.85 million. Teradyne had a net margin of 12.06% and a return on equity of 23.37%. Teradyne’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 EPS. analysts anticipate that Teradyne, Inc. will post 2.47 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.83%. This is an increase from Teradyne’s previous quarterly dividend of $0.07. Teradyne’s dividend payout ratio (DPR) is currently 22.22%.

Teradyne announced that its Board of Directors has initiated a share buyback program on Wednesday, January 24th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the semiconductor company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

A number of research analysts recently weighed in on TER shares. KeyCorp reaffirmed a “buy” rating and issued a $47.00 price target on shares of Teradyne in a research note on Friday, October 27th. Citigroup increased their price objective on shares of Teradyne from $43.00 to $48.00 and gave the company a “buy” rating in a report on Monday, October 30th. Zacks Investment Research upgraded shares of Teradyne from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Tuesday, November 28th. Goldman Sachs Group upgraded shares of Teradyne from a “neutral” rating to a “buy” rating in a report on Tuesday, December 12th. Finally, Stifel Nicolaus increased their price objective on shares of Teradyne from $46.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Teradyne has an average rating of “Buy” and an average target price of $48.00.

Hedge funds and other institutional investors have recently made changes to their positions in the company. WFG Advisors LP increased its holdings in shares of Teradyne by 21.9% during the 2nd quarter. WFG Advisors LP now owns 3,900 shares of the semiconductor company’s stock worth $117,000 after buying an additional 700 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Teradyne by 2,678.1% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,195 shares of the semiconductor company’s stock worth $156,000 after buying an additional 4,044 shares during the last quarter. Krilogy Financial LLC acquired a new stake in shares of Teradyne during the 3rd quarter worth approximately $179,000. Zweig DiMenna Associates LLC acquired a new stake in shares of Teradyne during the 3rd quarter worth approximately $201,000. Finally, Fiduciary Trust Co. acquired a new stake in shares of Teradyne during the 4th quarter worth approximately $205,000. Institutional investors and hedge funds own 96.62% of the company’s stock.

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Teradyne Company Profile

Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.

Insider Buying and Selling by Quarter for Teradyne (NYSE:TER)

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