Teradyne, Inc. (NASDAQ:TER) Insider Sells $49,613.05 in Stock

Teradyne, Inc. (NASDAQ:TER) insider Richard John Burns sold 445 shares of Teradyne stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the sale, the insider now owns 25,191 shares in the company, valued at $2,808,544.59. This trade represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Richard John Burns also recently made the following trade(s):

• On Tuesday, January 28th, Richard John Burns sold 407 shares of Teradyne stock. The shares were sold at an average price of $120.51, for a total value of $49,047.57.

Teradyne Trading Up 1.3 %

TER stock opened at $114.07 on Friday. The firm has a 50 day moving average of $125.64 and a 200-day moving average of $124.21. The firm has a market capitalization of $18.58 billion, a P/E ratio of 34.26, a price-to-earnings-growth ratio of 2.67 and a beta of 1.45. Teradyne, Inc. has a 12 month low of $95.80 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Sell-side analysts predict that Teradyne, Inc. will post 4.02 EPS for the current year.

Teradyne announced that its Board of Directors has initiated a share buyback plan on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Teradyne Dividend Announcement

The firm 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 0.42%. Teradyne’s dividend payout ratio is currently 14.41%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TER shares. Morgan Stanley downgraded shares of Teradyne from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $121.00 to $117.00 in a report on Tuesday, January 21st. Susquehanna boosted their target price on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, UBS Group dropped their price objective on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.77.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp raised its stake in Teradyne by 5.4% in the third quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after purchasing an additional 350,002 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of 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 buying an additional 1,846,079 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Teradyne by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock valued at $535,484,000 after buying an additional 209,868 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Teradyne by 16.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock worth $355,837,000 after acquiring an additional 393,175 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Teradyne by 7.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,390,896 shares of the company’s stock worth $302,582,000 after acquiring an additional 157,838 shares in the last quarter. Hedge funds and other 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.