Teradyne, Inc. (NASDAQ:TER) CFO Sells $62,628.00 in Stock

Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta sold 614 shares of the firm’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 transaction of $62,628.00. Following the completion of the transaction, the chief financial officer now owns 30,446 shares in the company, valued at $3,105,492. The trade was a 1.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Sanjay Mehta also recently made the following trade(s):

• On Tuesday, January 28th, Sanjay Mehta sold 1,789 shares of Teradyne stock. The shares were sold at an average price of $120.51, for a total transaction of $215,592.39.

Teradyne Price Performance

NASDAQ TER opened at $115.79 on Monday. The company has a market capitalization of $18.86 billion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 2.04 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 company’s fifty day moving average price is $125.37 and its two-hundred day moving average price is $124.88.

Teradyne (NASDAQ:TER) last issued 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 net margin of 19.23% and a return on equity of 19.23%. As a group, analysts anticipate that Teradyne, Inc. will post 4.1 EPS for the current year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 0.41%. Teradyne’s payout ratio is currently 14.41%.

Teradyne declared that its board has approved a stock buyback plan on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 0.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages recently issued reports on TER. KeyCorp lowered their price target on Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Friday. Craig Hallum lowered their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $160.00 price objective on shares of Teradyne in a research report on Thursday. Finally, Northland Securities reduced their target price on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $143.77.

Institutional Trading of Teradyne

A number of institutional investors and hedge funds have recently made changes to their positions in TER. Peregrine Capital Management LLC grew its stake in Teradyne by 1.8% during the 4th quarter. Peregrine Capital Management LLC now owns 79,006 shares of the company’s stock worth $9,948,000 after buying an additional 1,411 shares during the last quarter. Kornitzer Capital Management Inc. KS bought a new position in shares of Teradyne during the fourth quarter worth about $4,533,000. CIBC Asset Management Inc grew its position in shares of Teradyne by 4.6% during the fourth quarter. CIBC Asset Management Inc now owns 24,515 shares of the company’s stock worth $3,087,000 after acquiring an additional 1,076 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Teradyne by 3.8% in the 4th quarter. Sanctuary Advisors LLC now owns 25,448 shares of the company’s stock valued at $2,929,000 after purchasing an additional 942 shares during the last quarter. Finally, FengHe Fund Management Pte. Ltd. acquired a new position in Teradyne during the 4th quarter valued at about $14,531,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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.