Insider Selling: Teradyne, Inc. (NASDAQ:TER) CFO Sells 1,384 Shares of Stock

Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta sold 1,384 shares of the 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 $154,302.16. Following the completion of the transaction, the chief financial officer now owns 36,576 shares in the company, valued at $4,077,858.24. This trade represents a 3.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, January 30th, Sanjay Mehta sold 614 shares of Teradyne stock. The stock was sold at an average price of $102.00, for a total transaction of $62,628.00.
• 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 transaction of $215,592.39.

Teradyne Stock Performance

TER stock opened at $112.61 on Thursday. The firm has a fifty day moving average price of $125.52 and a 200 day moving average price of $124.28. Teradyne, Inc. has a fifty-two week low of $95.80 and a fifty-two week high of $163.21. The firm has a market cap of $18.34 billion, a PE ratio of 33.82, a price-to-earnings-growth ratio of 2.67 and a beta of 1.45.

Teradyne (NASDAQ:TER) last posted its 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 net margin of 19.23% and a return on equity of 19.08%. On average, equities analysts predict that Teradyne, Inc. will post 4.02 EPS for the current year.

Teradyne Announces Dividend

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

Teradyne declared that its board has approved a stock repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Teradyne during the third quarter worth $2,221,000. Cerity Partners LLC lifted its position in shares of Teradyne by 87.1% during the third quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after purchasing an additional 5,294 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Teradyne by 17.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock worth $10,325,000 after purchasing an additional 11,541 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Teradyne by 30.5% during the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock worth $11,878,000 after purchasing an additional 20,762 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new stake in shares of Teradyne during the third quarter worth $806,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $160.00 target price on shares of Teradyne in a research note on Thursday, January 30th. UBS Group cut their price objective on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a report on Friday, January 31st. KeyCorp cut their price objective on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Northland Securities cut their price objective on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Finally, Stifel Nicolaus cut their price objective on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and an average price target 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.