Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta Sells 1,789 Shares

Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta sold 1,789 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $215,592.39. Following the completion of the sale, the chief financial officer now directly owns 33,308 shares of the company’s stock, valued at $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Teradyne Stock Up 0.1 %

Teradyne stock opened at $122.05 on Thursday. Teradyne, Inc. has a 52-week low of $92.29 and a 52-week high of $163.21. The company has a market cap of $19.88 billion, a price-to-earnings ratio of 38.75, a PEG ratio of 2.25 and a beta of 1.46. The firm’s fifty day moving average is $125.02 and its 200 day moving average is $125.71.

Teradyne (NASDAQ:TER) 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, equities research analysts anticipate that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio is currently 15.24%.

Teradyne announced that its Board of Directors has initiated a share repurchase program on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TER. AQR Capital Management LLC lifted its holdings in shares of Teradyne by 40.2% in the 2nd quarter. AQR Capital Management LLC now owns 80,902 shares of the company’s stock worth $11,997,000 after acquiring an additional 23,178 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Teradyne by 5.5% in the second quarter. The Manufacturers Life Insurance Company now owns 96,318 shares of the company’s stock worth $14,283,000 after purchasing an additional 4,993 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new position in shares of Teradyne during the second quarter valued at approximately $246,000. Creative Planning grew its stake in shares of Teradyne by 17.0% during the second quarter. Creative Planning now owns 16,848 shares of the company’s stock valued at $2,498,000 after buying an additional 2,451 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after buying an additional 169 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TER has been the subject of a number of recent analyst reports. Evercore ISI upped their price target on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Susquehanna raised their price target on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $145.00 to $158.00 in a research report on Monday, December 16th. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Stifel Nicolaus lowered their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. One equities 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 stock. According to data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.31.

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.