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 that occurred on 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 transaction, the vice president now owns 4,312 shares in the company, valued at approximately $439,824. The trade was a 9.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 Stock Up 0.6 %

Shares of NASDAQ TER opened at $115.79 on Monday. The stock’s 50-day simple moving average is $125.37 and its two-hundred day simple moving average is $124.88. Teradyne, Inc. has a twelve month low of $92.29 and a twelve month high of $163.21. The firm has a market capitalization of $18.86 billion, a P/E ratio of 34.77, a P/E/G ratio of 2.04 and a beta of 1.46.

Teradyne (NASDAQ:TER) last announced 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 19.23%. As a group, research analysts anticipate that Teradyne, Inc. will post 4.1 EPS for the current fiscal year.

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

Teradyne Dividend Announcement

The business 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 of this dividend is Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.41%. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TER. Robert W. Baird lowered their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Northland Securities lowered their price target on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday. Morgan Stanley downgraded shares of Teradyne from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $121.00 to $117.00 in a report on Tuesday, January 21st. Craig Hallum lowered their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Finally, Susquehanna raised their price target on Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $143.77.

Hedge Funds Weigh In On Teradyne

A number of hedge funds and other institutional investors have recently modified their holdings of TER. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Teradyne in the third quarter worth approximately $2,221,000. Cerity Partners LLC lifted its holdings in shares of Teradyne by 87.1% in the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after acquiring an additional 5,294 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Teradyne by 17.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock valued at $10,325,000 after purchasing an additional 11,541 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Teradyne by 30.5% during the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock valued at $11,878,000 after purchasing an additional 20,762 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. purchased a new position in Teradyne in the 3rd quarter worth $806,000. 99.77% of the stock is currently 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.