Teradyne, Inc. (NASDAQ:TER) VP Ryan Driscoll Sells 107 Shares of Stock

Teradyne, Inc. (NASDAQ:TER) VP Ryan Driscoll sold 107 shares of Teradyne stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $12,894.57. Following the completion of the sale, the vice president now directly owns 4,984 shares in the company, valued at approximately $600,621.84. This represents a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Teradyne Stock Up 0.1 %

TER opened at $122.05 on Thursday. The stock 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. Teradyne, Inc. has a 12-month low of $92.29 and a 12-month high of $163.21. The business has a 50 day moving average of $125.02 and a 200-day moving average of $125.71.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts expect that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne announced that its Board of Directors has initiated a share repurchase program 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 programs are typically an indication that the company’s leadership believes its stock is undervalued.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.39%. Teradyne’s dividend payout ratio (DPR) is currently 15.24%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TER shares. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Stifel Nicolaus lowered their price target on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Evercore ISI boosted 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 objective on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. Finally, Northland Securities upgraded Teradyne from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $117.00 to $154.00 in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $149.31.

Hedge Funds Weigh In On Teradyne

Several institutional investors and hedge funds have recently made changes to their positions in TER. Capital Performance Advisors LLP bought a new stake in Teradyne in the 3rd quarter valued at $29,000. Compass Financial Services Inc bought a new stake in shares of Teradyne in the fourth quarter valued at about $33,000. Quarry LP grew its stake in shares of Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares in the last quarter. Coastline Trust Co bought a new position in Teradyne during the third quarter worth about $46,000. Finally, Brooklyn Investment Group acquired a new stake in Teradyne in the 3rd quarter worth about $52,000. Institutional investors and hedge funds 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.