Teradyne (NASDAQ:TER) Insider Shannon John Poulin Sells 656 Shares of Stock

Teradyne, Inc. (NASDAQ:TER) insider Shannon John Poulin sold 656 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $355.00, for a total value of $232,880.00. Following the completion of the transaction, the insider owned 15,722 shares of the company’s stock, valued at approximately $5,581,310. This represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Shannon John Poulin also recently made the following trade(s):

• On Thursday, May 21st, Shannon John Poulin sold 1,008 shares of Teradyne stock. The stock was sold at an average price of $345.37, for a total value of $348,132.96.

Teradyne Stock Up 8.6%

NASDAQ TER opened at $389.14 on Wednesday. The stock has a market cap of $60.92 billion, a PE ratio of 72.06, a P/E/G ratio of 1.47 and a beta of 1.79. Teradyne, Inc. has a fifty-two week low of $77.02 and a fifty-two week high of $422.11. The business has a 50 day moving average price of $343.65 and a two-hundred day moving average price of $272.99.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.Teradyne’s quarterly revenue was up 87.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 EPS. Sell-side analysts anticipate that Teradyne, Inc. will post 7.09 EPS for the current fiscal year.

Teradyne Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be issued a $0.13 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. This is a boost from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio (DPR) is currently 9.63%.

Hedge Funds Weigh In On Teradyne

A number of institutional investors have recently made changes to their positions in TER. Caitong International Asset Management Co. Ltd acquired a new position in shares of Teradyne in the 4th quarter valued at approximately $28,000. McIlrath & Eck LLC acquired a new position in shares of Teradyne in the 1st quarter valued at approximately $30,000. Root Financial Partners LLC acquired a new position in shares of Teradyne in the 3rd quarter valued at approximately $31,000. Davidson Capital Management Inc. acquired a new position in shares of Teradyne in the 3rd quarter valued at approximately $31,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Teradyne during the 2nd quarter valued at approximately $35,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Citigroup upped their price target on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings raised Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. The Goldman Sachs Group upped their target price on Teradyne from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Robert W. Baird set a $350.00 target price on Teradyne in a research report on Thursday, April 30th. Finally, Stifel Nicolaus upped their target price on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $339.80.

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.