Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta Sells 6,153 Shares

Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta sold 6,153 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the transaction, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Teradyne Price Performance

Shares of NASDAQ TER traded down $4.21 during trading on Thursday, hitting $131.20. The stock had a trading volume of 1,815,096 shares, compared to its average volume of 2,060,724. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $163.21. The company has a market capitalization of $21.41 billion, a PE ratio of 50.76, a PEG ratio of 2.73 and a beta of 1.50. The firm has a fifty day moving average of $140.57 and a two-hundred day moving average of $123.91.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.09. The company had revenue of $729.88 million during the quarter, compared to analyst estimates of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 earnings per share. On average, equities analysts expect that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 5th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.37%. Teradyne’s payout ratio is currently 18.25%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TER shares. Susquehanna upped their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a report on Friday, July 26th. Citigroup lowered their price objective on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Robert W. Baird upped their price objective on shares of Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. KeyCorp upped their price objective on shares of Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, July 12th. Finally, Stifel Nicolaus upped their price objective on shares of Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $141.50.

Hedge Funds Weigh In On Teradyne

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Teradyne by 0.7% during the first quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock valued at $2,078,462,000 after buying an additional 135,286 shares during the period. Van ECK Associates Corp grew its position in Teradyne by 10.4% during the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock valued at $543,278,000 after buying an additional 453,926 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in Teradyne by 1.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock valued at $682,597,000 after buying an additional 57,989 shares during the period. Nordea Investment Management AB lifted its holdings in Teradyne by 14.6% during the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock valued at $342,178,000 after purchasing an additional 385,115 shares during the last quarter. Finally, Boston Partners lifted its holdings in Teradyne by 23.2% during the fourth quarter. Boston Partners now owns 2,896,349 shares of the company’s stock valued at $314,324,000 after purchasing an additional 544,482 shares during the last quarter. Institutional investors 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.