Teradyne, Inc. (NASDAQ:TER) CFO Sells $62,628.00 in Stock

Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta sold 614 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $62,628.00. Following the completion of the sale, the chief financial officer now owns 30,446 shares of the company’s stock, valued at approximately $3,105,492. This trade represents a 1.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Sanjay Mehta also recently made the following trade(s):

• On Tuesday, January 28th, Sanjay Mehta sold 1,789 shares of Teradyne stock. The stock was sold at an average price of $120.51, for a total value of $215,592.39.

Teradyne Trading Up 0.6 %

NASDAQ TER traded up $0.71 during trading hours on Friday, hitting $115.79. The company’s stock had a trading volume of 3,706,830 shares, compared to its average volume of 2,904,900. The company has a market capitalization of $18.86 billion, a PE ratio of 34.77, a price-to-earnings-growth ratio of 2.04 and a beta of 1.46. Teradyne, Inc. has a 52 week low of $92.29 and a 52 week high of $163.21. The company’s 50-day simple moving average is $125.22 and its two-hundred day simple moving average is $125.64.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.23%. Research analysts anticipate that Teradyne, Inc. will post 4.1 EPS for the current fiscal year.

Teradyne announced that its Board of Directors has initiated a stock buyback program on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 0.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.41%. Teradyne’s payout ratio is currently 14.41%.

Institutional Investors Weigh In On Teradyne

Large investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Teradyne in the 3rd quarter valued at approximately $2,221,000. Cerity Partners LLC boosted its holdings in Teradyne by 87.1% in the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock valued at $1,523,000 after purchasing an additional 5,294 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Teradyne by 17.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock worth $10,325,000 after acquiring an additional 11,541 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Teradyne by 30.5% during the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock worth $11,878,000 after acquiring an additional 20,762 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new stake in shares of Teradyne during the 3rd quarter worth $806,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on TER. UBS Group cut their target price on Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Friday. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered their price target on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a report on Friday. KeyCorp decreased their price objective on Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Friday. Finally, Susquehanna increased their price objective on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and an average target price of $143.77.

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.