Teradyne, Inc. (NASDAQ:TER – Get Free Report) CFO Sanjay Mehta sold 1,789 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Teradyne Stock Performance
Shares of TER stock traded up $0.11 during trading hours on Wednesday, reaching $122.05. The company had a trading volume of 2,737,732 shares, compared to its average volume of 2,530,008. The stock has a fifty day moving average of $125.02 and a 200-day moving average of $125.71. The company has a market capitalization of $19.88 billion, a price-to-earnings ratio of 38.75, a PEG 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 – Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. On average, analysts forecast that Teradyne, Inc. will post 3.17 EPS for the current year.
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 paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio is presently 15.24%.
Institutional Trading of Teradyne
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp increased its position in Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after purchasing an additional 1,846,079 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Teradyne by 7.1% in the 4th 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 period. Compass Financial Services Inc purchased a new stake in Teradyne in the 4th quarter valued at approximately $33,000. Kestra Private Wealth Services LLC lifted its stake in Teradyne by 6.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 5,717 shares of the company’s stock valued at $720,000 after buying an additional 369 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Teradyne by 16.2% in the 4th quarter. Empowered Funds LLC now owns 30,269 shares of the company’s stock valued at $3,811,000 after buying an additional 4,212 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.
Analyst Ratings Changes
TER has been the topic of several recent research reports. Morgan Stanley cut Teradyne from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $121.00 to $117.00 in a research note on Tuesday, January 21st. Evercore ISI increased 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. Susquehanna increased their price objective on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Craig Hallum lowered their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Finally, Stifel Nicolaus decreased their price objective on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.31.
View Our Latest Analysis on TER
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.
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