Teradyne, Inc. (NASDAQ:TER) VP Ryan Driscoll Sells 437 Shares of Stock

Teradyne, Inc. (NASDAQ:TER) VP Ryan Driscoll sold 437 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $44,574.00. Following the sale, the vice president now directly owns 4,312 shares in the company, valued at $439,824. The trade was a 9.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Ryan Driscoll also recently made the following trade(s):

• On Tuesday, January 28th, Ryan Driscoll sold 107 shares of Teradyne stock. The stock was sold at an average price of $120.51, for a total value of $12,894.57.

Teradyne Price Performance

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

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

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors 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 annualized dividend and a dividend yield of 0.41%. Teradyne’s dividend payout ratio is 14.41%.

Teradyne declared that its Board of Directors has approved a stock repurchase plan 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 stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TER shares. Stifel Nicolaus decreased their price objective on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Morgan Stanley cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $121.00 to $117.00 in a report on Tuesday, January 21st. Cantor Fitzgerald restated an “overweight” rating and set a $160.00 price objective on shares of Teradyne in a report on Thursday. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $143.77.

Institutional Investors Weigh In On Teradyne

A number of large investors have recently modified their holdings of TER. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Teradyne during the 3rd quarter worth $2,221,000. Cerity Partners LLC grew 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 valued at $1,523,000 after purchasing an additional 5,294 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Teradyne by 17.6% during the 3rd 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 in the last quarter. Franklin Resources Inc. lifted its stake 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 last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new stake in Teradyne in the third quarter valued at approximately $806,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

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.