Teradyne, Inc. (NASDAQ:TER) VP Sells $12,894.57 in Stock

Teradyne, Inc. (NASDAQ:TER) VP Ryan Driscoll sold 107 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $12,894.57. Following the completion of the sale, the vice president now directly owns 4,984 shares of the company’s stock, valued at $600,621.84. The trade was a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Teradyne Price Performance

Teradyne stock opened at $115.08 on Friday. The firm has a market capitalization of $18.74 billion, a P/E ratio of 34.56, a PEG ratio of 2.04 and a beta of 1.46. Teradyne, Inc. has a one year low of $92.29 and a one year high of $163.21. The business has a fifty day moving average price of $125.22 and a 200-day moving average price of $125.64.

Teradyne (NASDAQ:TER) last issued its 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 19.23% and a net margin of 19.23%. Sell-side analysts expect that Teradyne, Inc. will post 4.1 earnings per share for the current fiscal year.

Teradyne declared that its Board of Directors has approved a stock buyback plan on Monday, November 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

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 issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TER. Van ECK Associates Corp increased its stake in Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after acquiring an additional 1,846,079 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Teradyne by 1,767.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock worth $116,233,000 after purchasing an additional 873,626 shares in the last quarter. Alkeon Capital Management LLC increased its position in shares of Teradyne by 189.6% in the third quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock worth $153,218,000 after purchasing an additional 749,003 shares during the last quarter. Holocene Advisors LP purchased a new stake in Teradyne in the third quarter valued at approximately $91,129,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Teradyne by 16.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock valued at $355,837,000 after purchasing an additional 393,175 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Stifel Nicolaus reduced their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. Craig Hallum reduced their price objective on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Northland Securities upgraded Teradyne from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $117.00 to $154.00 in a research note on Monday, January 6th. Robert W. Baird decreased their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $145.00 to $158.00 in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $149.31.

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.