Insider Selling: Teradyne, Inc. (NASDAQ:TER) Insider Sells 445 Shares of Stock

Teradyne, Inc. (NASDAQ:TER) insider Richard John Burns sold 445 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $49,613.05. Following the transaction, the insider now directly owns 25,191 shares in the company, valued at approximately $2,808,544.59. This trade represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Richard John Burns also recently made the following trade(s):

• On Tuesday, January 28th, Richard John Burns sold 407 shares of Teradyne stock. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57.

Teradyne Trading Up 1.0 %

Teradyne stock traded up $1.07 during mid-day trading on Wednesday, reaching $112.74. The company had a trading volume of 1,013,787 shares, compared to its average volume of 2,848,604. Teradyne, Inc. has a fifty-two week low of $95.80 and a fifty-two week high of $163.21. The company has a market cap of $18.36 billion, a P/E ratio of 33.83, a P/E/G ratio of 2.67 and a beta of 1.45. The business has a fifty day simple moving average of $125.43 and a 200 day simple moving average of $124.37.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Research analysts forecast that Teradyne, Inc. will post 4.02 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s payout ratio is currently 14.41%.

Teradyne declared that its Board of Directors has approved a share repurchase plan on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Teradyne

Large investors have recently bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new stake in Teradyne during the 3rd quarter valued at about $29,000. Compass Financial Services Inc bought a new stake in shares of Teradyne in the 4th quarter worth about $33,000. Manchester Capital Management LLC boosted its stake in shares of Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after purchasing an additional 227 shares during the period. Coastline Trust Co purchased a new stake in shares of Teradyne in the third quarter valued at approximately $46,000. Finally, Brooklyn Investment Group bought a new stake in shares of Teradyne in the 3rd quarter valued at about $52,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on TER shares. Susquehanna lifted their price target on shares of Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their price objective on Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Evercore ISI lifted their target price on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. UBS Group lowered their target price on Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, Morgan Stanley lowered Teradyne from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $121.00 to $117.00 in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.