Ryan Driscoll Sells 216 Shares of Teradyne, Inc. (NASDAQ:TER) Stock

Teradyne, Inc. (NASDAQ:TER) VP Ryan Driscoll sold 216 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $24,081.84. Following the completion of the sale, the vice president now directly owns 7,007 shares in the company, valued at approximately $781,210.43. This trade represents a 2.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, January 30th, Ryan Driscoll sold 437 shares of Teradyne stock. The shares were sold at an average price of $102.00, for a total value of $44,574.00.
• On Tuesday, January 28th, Ryan Driscoll sold 107 shares of Teradyne stock. The shares were sold at an average price of $120.51, for a total transaction of $12,894.57.

Teradyne Stock Up 1.3 %

NASDAQ:TER opened at $114.07 on Friday. The stock has a fifty day simple moving average of $125.64 and a 200 day simple moving average of $124.21. The firm has a market capitalization of $18.58 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 2.67 and a beta of 1.45. Teradyne, Inc. has a 1-year low of $95.80 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last announced its 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 net margin of 19.23% and a return on equity of 19.08%. Equities analysts predict that Teradyne, Inc. will post 4.02 earnings per share for the current year.

Teradyne announced that its Board of Directors has approved a stock buyback program on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is currently 14.41%.

Analyst Upgrades and Downgrades

TER has been the topic of several research analyst reports. KeyCorp lowered 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, January 31st. Cantor Fitzgerald reiterated an “overweight” rating and set a $160.00 price objective on shares of Teradyne in a research note on Thursday, January 30th. Stifel Nicolaus dropped their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Morgan Stanley lowered Teradyne from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $121.00 to $117.00 in a research note on Tuesday, January 21st. Finally, Northland Securities dropped their price objective on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and a consensus target price of $143.77.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Van ECK Associates Corp boosted its holdings in shares of Teradyne by 59.9% during the fourth 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. Raymond James Financial Inc. bought a new stake in Teradyne during the fourth quarter worth approximately $160,087,000. Assenagon Asset Management S.A. grew its holdings in Teradyne by 1,767.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock valued at $116,233,000 after buying an additional 873,626 shares during the last quarter. Alkeon Capital Management LLC raised 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 acquiring an additional 749,003 shares in the last quarter. Finally, Holocene Advisors LP bought a new position in shares of Teradyne during the 3rd quarter worth about $91,129,000. Hedge funds and other institutional investors 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.