Teradyne, Inc. (NASDAQ:TER) CFO Sells $215,592.39 in Stock

Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the sale, the chief financial officer now owns 33,308 shares of the company’s stock, valued at $4,013,947.08. The trade was a 5.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 business has a fifty day moving average of $125.02 and a 200-day moving average of $125.71. Teradyne, Inc. has a twelve month low of $92.29 and a twelve month high of $163.21. The stock has a market cap of $19.88 billion, a price-to-earnings ratio of 38.75, a P/E/G ratio of 2.25 and a beta of 1.46.

Teradyne (NASDAQ:TER) last announced 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 net margin of 18.75% and a return on equity of 18.56%. On average, equities analysts expect that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Dividend Announcement

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

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

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

A number of research firms recently commented on TER. Craig Hallum lowered their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Evercore ISI upped their price objective on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $145.00 to $158.00 in a report on Monday, December 16th. Northland Securities upgraded Teradyne from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $117.00 to $154.00 in a report on Monday, January 6th. Finally, StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. One research analyst has rated the stock with a sell rating, three have issued 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, Teradyne currently has an average rating of “Moderate Buy” and an average target price 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.