Teradyne, Inc. (NASDAQ:TER) CFO Sells $62,628.00 in Stock

Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta sold 614 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now owns 30,446 shares of the company’s stock, valued at $3,105,492. This trade represents a 1.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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 Performance

Shares of TER opened at $115.79 on Friday. The firm has a market cap of $18.86 billion, a PE ratio of 34.77, a PEG ratio of 2.04 and a beta of 1.46. The firm’s 50 day moving average price is $125.37 and its 200 day moving average price is $125.34. Teradyne, Inc. has a twelve month low of $92.29 and a twelve month high of $163.21.

Teradyne (NASDAQ:TER) last released 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 19.23% and a return on equity of 19.23%. On average, sell-side analysts anticipate that Teradyne, Inc. will post 4.1 earnings per share for the current fiscal year.

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

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.41%. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Institutional Investors Weigh In On Teradyne

Several institutional investors and hedge funds have recently added to or reduced their stakes in TER. Van ECK Associates Corp boosted its holdings in Teradyne by 59.9% during the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after acquiring an additional 1,846,079 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Teradyne by 1,767.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock worth $116,233,000 after purchasing an additional 873,626 shares during the last quarter. Alkeon Capital Management LLC grew its holdings in Teradyne by 189.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock valued at $153,218,000 after buying an additional 749,003 shares during the last quarter. Holocene Advisors LP bought a new position in Teradyne in the 3rd quarter worth approximately $91,129,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Teradyne by 16.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock worth $355,837,000 after buying an additional 393,175 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TER has been the subject of several research analyst reports. Evercore ISI upped their price target on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Cantor Fitzgerald restated an “overweight” rating and issued a $160.00 target price on shares of Teradyne in a report on Thursday. UBS Group lowered their price target on Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Friday. Northland Securities reduced their price objective on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday. Finally, KeyCorp lowered their target price on Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.77.

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.