Teradyne, Inc. (NASDAQ:TER) CFO Sells $154,302.16 in Stock

Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta sold 1,384 shares of Teradyne stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $154,302.16. Following the transaction, the chief financial officer now directly owns 36,576 shares of the company’s stock, valued at approximately $4,077,858.24. This trade represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Sanjay Mehta also recently made the following trade(s):

• On Thursday, January 30th, Sanjay Mehta sold 614 shares of Teradyne stock. The shares were sold at an average price of $102.00, for a total transaction of $62,628.00.
• On Tuesday, January 28th, Sanjay Mehta sold 1,789 shares of Teradyne stock. The stock was sold at an average price of $120.51, for a total value of $215,592.39.

Teradyne Trading Down 0.7 %

NASDAQ TER opened at $113.23 on Friday. Teradyne, Inc. has a 12 month low of $95.80 and a 12 month high of $163.21. The stock has a market cap of $18.44 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 2.70 and a beta of 1.45. The company’s 50 day moving average is $125.71 and its two-hundred day moving average is $123.93.

Teradyne (NASDAQ:TER) last released its 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 19.08%. Sell-side analysts forecast that Teradyne, Inc. will post 3.91 EPS for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a $0.12 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.42%. Teradyne’s dividend payout ratio is currently 14.41%.

Teradyne declared that its board has authorized 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 buy up to 0.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

TER has been the topic of a number of analyst reports. UBS Group dropped their price target on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Craig Hallum reduced their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. Robert W. Baird lowered their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. KeyCorp reduced their price objective on Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and an average price target of $143.77.

Institutional Trading of Teradyne

Hedge funds have recently modified their holdings of the company. Whittier Trust Co. increased its position in Teradyne by 10.2% in the third quarter. Whittier Trust Co. now owns 950 shares of the company’s stock worth $127,000 after purchasing an additional 88 shares during the last quarter. Roberts Glore & Co. Inc. IL grew its stake in shares of Teradyne by 2.2% in the 4th quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock worth $517,000 after buying an additional 90 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock worth $149,000 after buying an additional 103 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Teradyne by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after buying an additional 104 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Teradyne by 3.1% in the 4th quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock valued at $434,000 after acquiring an additional 105 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

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.