Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta Sells 1,384 Shares

Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta sold 1,384 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $154,302.16. Following the transaction, the chief financial officer now owns 36,576 shares in the company, valued at $4,077,858.24. The trade was a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Thursday, January 30th, Sanjay Mehta sold 614 shares of Teradyne stock. The stock was sold at an average price of $102.00, for a total transaction of $62,628.00.
• On Tuesday, January 28th, Sanjay Mehta sold 1,789 shares of Teradyne stock. The stock was sold at an average price of $120.51, for a total transaction of $215,592.39.

Teradyne Stock Up 1.3 %

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

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share 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%. Equities analysts anticipate that Teradyne, Inc. will post 4.02 EPS for the current fiscal year.

Teradyne declared that its Board of Directors has approved a stock buyback program 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 programs are typically a sign that the company’s management believes its stock is undervalued.

Teradyne Announces Dividend

The firm 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 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s payout ratio is 14.41%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TER. Van ECK Associates Corp boosted its holdings in Teradyne by 59.9% during the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after purchasing an additional 1,846,079 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Teradyne during the fourth quarter worth $160,087,000. Assenagon Asset Management S.A. boosted its holdings in 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 during the last quarter. Alkeon Capital Management LLC boosted its holdings in Teradyne by 189.6% during 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. Finally, Holocene Advisors LP acquired a new position in Teradyne during the third quarter worth $91,129,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TER. Susquehanna boosted their price target on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research note on Wednesday, January 22nd. Northland Securities dropped their price target on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. UBS Group dropped their price target on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Morgan Stanley downgraded shares of Teradyne from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $121.00 to $117.00 in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.