The President of LitePoint Corp. of Teradyne (NYSE: TER) is Selling Shares

By Carrie Williams

Today, the President of LitePoint Corp. of Teradyne (NYSE: TER), Brad Robbins, sold shares of TER for $308.9K.

Following Brad Robbins’ last TER Sell transaction on January 31, 2017, the stock climbed by 2.5%. In addition to Brad Robbins, one other TER executive reported Sell trades in the last month.

Based on Teradyne’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $380 million and quarterly net profit of $66.35 million. In comparison, last year the company earned revenue of $318 million and had a GAAP net loss of $641K. The company has a one year high of $31.19 and a one year low of $18.07. Currently, Teradyne has an average volume of 1.84M.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $31.33, reflecting a -1.2% downside.

The insider sentiment on Teradyne has been negative according to 32 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Teradyne, Inc. engages in the supply of automation equipment for test and industrial applications. It operates through the following segments: Semiconductor Test, System Test, Wireless Test, and Industrial Automation. The Semiconductor Test design, manufacture, sell, and support semiconductor test products and services which are used both for wafer level and device package testing. The Systems Test comprises of defense and aerospace, storage test, and production board test business unit. The Wireless Test through the LitePoint, designs, develops, and supports advanced wireless test equipment for the manufacturing of wireless devices such as smart phones, tablets, notebooks, laptops, personal computer peripherals, and other Wi-Fi, Bluetooth, Near Field Communication and cellular enabled devices. The Industrial Automation segment through the Universal Robots, supplies collaborative robots, which are low-cost, easy-to-deploy and simple-to-program robots that work side by side with production workers to improve quality, increase manufacturing efficiency, and decrease manufacturing costs. The company was founded by Alexander V. d’Arbeloff and Nicholas DeWolf on September 23, 1960 and is headquartered in North Reading, MA.