Insider Selling: Teradyne, Inc. (NASDAQ:TER) CFO Sells 3,750 Shares of Stock

Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta sold 3,750 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the transaction, the chief financial officer now owns 41,902 shares in the company, valued at approximately $5,030,754.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $120.43 on Thursday. The company has a market capitalization of $18.42 billion, a PE ratio of 45.79 and a beta of 1.50. The business has a fifty day moving average price of $108.06 and a 200-day moving average price of $101.69. Teradyne, Inc. has a 1-year low of $81.07 and a 1-year high of $123.65.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. The firm had revenue of $599.82 million for the quarter, compared to the consensus estimate of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 earnings per share. On average, sell-side analysts anticipate that Teradyne, Inc. will post 2.99 earnings per share for the current fiscal year.

Institutional Trading of Teradyne

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Teradyne by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 18,285,900 shares of the company’s stock valued at $1,984,386,000 after buying an additional 89,511 shares during the last quarter. FMR LLC boosted its holdings in shares of Teradyne by 3.9% during the 3rd quarter. FMR LLC now owns 11,533,715 shares of the company’s stock valued at $1,158,677,000 after acquiring an additional 437,054 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Teradyne by 10.4% in the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock worth $543,278,000 after acquiring an additional 453,926 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Teradyne by 2.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,432,153 shares of the company’s stock valued at $445,254,000 after purchasing an additional 106,848 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Teradyne by 4.6% during the third quarter. Nordea Investment Management AB now owns 3,177,256 shares of the company’s stock valued at $321,062,000 after purchasing an additional 140,579 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on TER. The Goldman Sachs Group increased their price target on shares of Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. raised their target price on Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 price objective on shares of Teradyne in a report on Thursday, April 25th. Robert W. Baird upped their target price on Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Evercore ISI started coverage on shares of Teradyne in a research report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $117.83.

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.