Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta Sells 614 Shares

Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta sold 614 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $62,628.00. Following the completion of the sale, the chief financial officer now directly owns 30,446 shares in the company, valued at $3,105,492. This represents a 1.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 value of $215,592.39.

Teradyne Price Performance

Shares of TER stock traded up $0.71 during trading hours on Friday, reaching $115.79. The company had a trading volume of 3,706,830 shares, compared to its average volume of 2,904,900. The company has a 50 day moving average of $125.22 and a 200 day moving average of $125.64. The firm has a market cap of $18.86 billion, a price-to-earnings ratio of 34.77, a P/E/G ratio of 2.04 and a beta of 1.46. Teradyne, Inc. has a 1-year low of $92.29 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data 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%. As a group, sell-side analysts forecast that Teradyne, Inc. will post 4.1 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s payout ratio is presently 14.41%.

Teradyne declared that its board has initiated a share 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 stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Teradyne

Large investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in Teradyne during the 3rd quarter worth about $29,000. Quarry LP grew its holdings in shares of Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares in the last quarter. Compass Financial Services Inc bought a new position in shares of Teradyne in the 4th quarter valued at about $33,000. Manchester Capital Management LLC grew its holdings in shares of Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after acquiring an additional 227 shares in the last quarter. Finally, Coastline Trust Co bought a new position in shares of Teradyne in the 3rd quarter valued at about $46,000. Institutional investors own 99.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. UBS Group lowered their target price on Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday. Stifel Nicolaus lowered their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Northland Securities lowered their target price on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday. Evercore ISI boosted their price target on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, KeyCorp reduced their price target on Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday. One equities 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.77.

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.