Teradyne, Inc. (NASDAQ:TER) CFO Sells $154,302.16 in Stock

Teradyne, Inc. (NASDAQ:TER - Get Free Report) CFO Sanjay Mehta sold 1,384 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 transaction of $154,302.16. Following the completion of the sale, the chief financial officer now directly owns 36,576 shares of the company's stock, valued at approximately $4,077,858.24. The trade was a 3.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $102.00, for a total value 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 value of $215,592.39.

Teradyne Stock Down 0.7 %

Shares of NASDAQ TER traded down $0.84 during mid-day trading on Friday, reaching $113.23. 1,938,209 shares of the company were exchanged, compared to its average volume of 2,822,617. Teradyne, Inc. has a 1 year low of $95.80 and a 1 year high of $163.21. The firm has a 50-day moving average of $125.71 and a 200 day moving average of $123.73. The stock has a market cap 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 (NASDAQ:TER - Get Free Report) last released 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%. On average, equities analysts forecast that Teradyne, Inc. will post 3.91 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.42%. Teradyne's payout ratio is 14.41%.

Teradyne declared that its Board of Directors has approved a stock buyback plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. UBS Group decreased their target price on Teradyne from $160.00 to $155.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Northland Securities decreased their price objective on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Cantor Fitzgerald reissued an "overweight" rating and issued a $160.00 price objective on shares of Teradyne in a research report on Thursday, January 30th. Morgan Stanley lowered shares of Teradyne from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $121.00 to $117.00 in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus lowered their price target on Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given 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 have recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new position in Teradyne during the 3rd quarter valued at approximately $29,000. Compass Financial Services Inc purchased a new stake in shares of Teradyne during the fourth quarter valued at $33,000. Manchester Capital Management LLC increased its position 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 during the period. Coastline Trust Co purchased a new position in Teradyne in the 3rd quarter worth $46,000. Finally, Brooklyn Investment Group acquired a new stake in Teradyne during the 3rd quarter worth about $52,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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.