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

Teradyne, Inc. (NASDAQ:TER) VP Ryan Driscoll sold 437 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $44,574.00. Following the completion of the sale, the vice president now owns 4,312 shares in the company, valued at $439,824. This trade represents a 9.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 shares were sold at an average price of $120.51, for a total value of $12,894.57.

Teradyne Trading Up 0.6 %

Shares of Teradyne stock opened at $115.79 on Friday. The company has a market capitalization of $18.86 billion, a P/E ratio of 34.77, a price-to-earnings-growth ratio of 2.04 and a beta of 1.46. The stock has a fifty day simple moving average of $125.37 and a 200 day simple moving average of $125.34. Teradyne, Inc. has a 12-month low of $92.29 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER) last posted 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 net margin of 19.23% and a return on equity of 19.23%. On average, analysts predict that Teradyne, Inc. will post 4.1 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.12 per share. The ex-dividend date 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 currently 14.41%.

Teradyne declared that its Board of Directors has initiated a share repurchase plan 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 stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Teradyne

A number of hedge funds have recently made changes to their positions in the business. Peregrine Capital Management LLC grew its holdings in Teradyne by 1.8% during the fourth quarter. Peregrine Capital Management LLC now owns 79,006 shares of the company’s stock valued at $9,948,000 after purchasing an additional 1,411 shares during the period. Kornitzer Capital Management Inc. KS bought a new stake in Teradyne in the 4th quarter valued at about $4,533,000. CIBC Asset Management Inc raised its stake in Teradyne by 4.6% in the 4th quarter. CIBC Asset Management Inc now owns 24,515 shares of the company’s stock valued at $3,087,000 after acquiring an additional 1,076 shares during the period. Sanctuary Advisors LLC boosted its position in Teradyne by 3.8% during the fourth quarter. Sanctuary Advisors LLC now owns 25,448 shares of the company’s stock worth $2,929,000 after purchasing an additional 942 shares during the period. Finally, FengHe Fund Management Pte. Ltd. purchased a new position in shares of Teradyne in the fourth quarter worth about $14,531,000. 99.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on TER. Northland Securities reduced their price objective on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday. Morgan Stanley cut Teradyne from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $121.00 to $117.00 in a research note on Tuesday, January 21st. Susquehanna boosted their price target on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Robert W. Baird lowered their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, KeyCorp decreased their price target on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday. 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 given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.77.

About Teradyne

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.