Richard John Burns Sells 445 Shares of Teradyne, Inc. (NASDAQ:TER) Stock

Teradyne, Inc. (NASDAQ:TER - Get Free Report) insider Richard John Burns sold 445 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the sale, the insider now directly owns 25,191 shares in the company, valued at approximately $2,808,544.59. The trade was a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 stock was sold at an average price of $120.51, for a total transaction of $49,047.57.

Teradyne Stock Performance

Shares of TER stock traded down $0.84 on Friday, hitting $113.23. The stock had a trading volume of 1,938,209 shares, compared to its average volume of 2,822,617. The stock's 50 day moving average is $125.71 and its 200-day moving average is $123.73. The firm has a market capitalization of $18.44 billion, a price-to-earnings ratio of 34.00, a P/E/G ratio of 2.70 and a beta of 1.45. Teradyne, Inc. has a 52-week low of $95.80 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Equities analysts expect that Teradyne, Inc. will post 3.91 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 dividend yield of 0.42%. The ex-dividend date is Friday, February 14th. Teradyne's dividend payout ratio (DPR) is currently 14.41%.

Teradyne announced that its Board of Directors has initiated a share repurchase program on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

TER has been the subject of several research analyst reports. Robert W. Baird dropped their price target on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Cantor Fitzgerald restated an "overweight" rating and set a $160.00 price objective on shares of Teradyne in a report on Thursday, January 30th. Susquehanna lifted their target price on Teradyne from $145.00 to $165.00 and gave the company a "positive" rating in a report on Wednesday, January 22nd. Stifel Nicolaus lowered their price target on Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a research report on Friday, October 25th. Finally, Craig Hallum cut their price objective on Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $143.77.

Institutional Investors Weigh In On Teradyne

A number of institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Teradyne during the third quarter valued at $2,221,000. Cerity Partners LLC grew its position in shares of Teradyne by 87.1% during the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company's stock valued at $1,523,000 after buying an additional 5,294 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Teradyne by 17.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company's stock worth $10,325,000 after acquiring an additional 11,541 shares during the period. Franklin Resources Inc. boosted its stake in Teradyne by 30.5% in the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock valued at $11,878,000 after acquiring an additional 20,762 shares during the period. Finally, Boston Trust Walden Corp boosted its stake in Teradyne by 3.3% in the fourth quarter. Boston Trust Walden Corp now owns 408,177 shares of the company's stock valued at $51,398,000 after acquiring an additional 13,020 shares during the period. Institutional investors and hedge funds 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.