Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta Sells 614 Shares

Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta sold 614 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $62,628.00. Following the transaction, the chief financial officer now owns 30,446 shares of the company’s stock, valued at approximately $3,105,492. This trade represents a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, January 28th, Sanjay Mehta sold 1,789 shares of Teradyne stock. The shares were sold at an average price of $120.51, for a total transaction of $215,592.39.

Teradyne Stock Up 0.6 %

TER stock opened at $115.79 on Friday. The stock has a market cap of $18.86 billion, a PE ratio of 34.77, a price-to-earnings-growth ratio of 2.04 and a beta of 1.46. The firm’s 50-day simple moving average is $125.37 and its 200 day simple moving average is $125.34. Teradyne, Inc. has a fifty-two week low of $92.29 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.23%. Equities analysts forecast that Teradyne, Inc. will post 4.1 EPS for the current fiscal year.

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 shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Teradyne Dividend Announcement

The firm also recently declared 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 of this dividend is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.41%. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Analyst Ratings Changes

TER has been the topic of a number of recent analyst reports. KeyCorp cut their target price on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday. Morgan Stanley cut Teradyne from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $121.00 to $117.00 in a research note on Tuesday, January 21st. Craig Hallum decreased their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Northland Securities dropped their price target on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $160.00 price objective on shares of Teradyne in a report on Thursday. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.77.

Institutional Investors Weigh In On Teradyne

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Performance Advisors LLP bought a new position in Teradyne during the 3rd quarter valued at $29,000. Compass Financial Services Inc acquired a new position in Teradyne during the fourth quarter worth about $33,000. Quarry LP raised its position in Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after acquiring an additional 169 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in Teradyne by 264.0% in 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 last quarter. Finally, Coastline Trust Co bought a new position in shares of Teradyne during the 3rd quarter valued at about $46,000. 99.77% of the stock is currently owned by institutional investors.

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.