Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta Sells 1,789 Shares

Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta sold 1,789 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $215,592.39. Following the completion of the transaction, the chief financial officer now owns 33,308 shares of the company’s stock, valued at $4,013,947.08. This trade represents a 5.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Teradyne Stock Down 5.7 %

Shares of NASDAQ TER opened at $115.08 on Friday. The business’s 50 day moving average price is $125.22 and its two-hundred day moving average price is $125.64. The company has a market cap of $18.74 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 2.25 and a beta of 1.46. Teradyne, Inc. has a twelve month low of $92.29 and a twelve month high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. As a group, research analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.42%. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Teradyne declared that its board has approved a stock repurchase plan on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Institutional Trading of Teradyne

Several hedge funds have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in shares of Teradyne in the third quarter valued at about $29,000. Quarry LP grew its position in Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after buying an additional 169 shares in the last quarter. Compass Financial Services Inc bought a new position in Teradyne during the 4th quarter worth $33,000. Manchester Capital Management LLC lifted its position in shares of Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after acquiring an additional 227 shares during the period. Finally, Coastline Trust Co bought a new stake in shares of Teradyne during the 3rd quarter valued at $46,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TER has been the subject of a number of recent research reports. Northland Securities upgraded Teradyne from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $117.00 to $154.00 in a research report on Monday, January 6th. Craig Hallum cut their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Cantor Fitzgerald reiterated an “overweight” rating and set a $160.00 price target on shares of Teradyne in a research report on Thursday. Stifel Nicolaus cut their price objective on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Finally, Morgan Stanley cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $121.00 to $117.00 in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $149.31.

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.