Teradyne, Inc. (NASDAQ:TER) Insider Sells $49,047.57 in Stock

Teradyne, Inc. (NASDAQ:TER) insider Richard John Burns sold 407 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the transaction, the insider now owns 20,764 shares of the company’s stock, valued at $2,502,269.64. This trade represents a 1.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Teradyne Trading Up 0.1 %

Shares of TER stock traded up $0.11 during trading hours on Wednesday, hitting $122.05. The company’s stock had a trading volume of 2,737,732 shares, compared to its average volume of 2,530,008. The company has a 50 day moving average of $125.02 and a 200 day moving average of $125.71. The stock has a market cap of $19.88 billion, a PE ratio of 38.75, a price-to-earnings-growth ratio of 2.25 and a beta of 1.46. Teradyne, Inc. has a 12-month low of $92.29 and a 12-month high of $163.21.

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

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio is currently 15.24%.

Teradyne declared that its Board of Directors has authorized 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 reacquire up to 0.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp boosted its stake in shares of Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after purchasing an additional 1,846,079 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Teradyne by 7.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,390,896 shares of the company’s stock worth $302,582,000 after acquiring an additional 157,838 shares during the last quarter. Compass Financial Services Inc acquired a new position in Teradyne in the 4th quarter valued at $33,000. Kestra Private Wealth Services LLC grew its stake in shares of Teradyne by 6.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 5,717 shares of the company’s stock worth $720,000 after purchasing an additional 369 shares during the period. Finally, Empowered Funds LLC boosted its position in shares of Teradyne by 16.2% in the 4th quarter. Empowered Funds LLC now owns 30,269 shares of the company’s stock worth $3,811,000 after buying an additional 4,212 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TER has been the subject of several research reports. Susquehanna upped their target price 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. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $145.00 to $158.00 in a report on Monday, December 16th. Morgan Stanley downgraded shares of Teradyne from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $121.00 to $117.00 in a research report on Tuesday, January 21st. Evercore ISI lifted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, Robert W. Baird decreased their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $149.31.

About Teradyne

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.