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

Teradyne, Inc. (NASDAQ:TER - Get Free Report) CFO Sanjay Mehta sold 614 shares of the firm's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $62,628.00. Following the transaction, the chief financial officer now owns 30,446 shares in the company, valued at approximately $3,105,492. This trade represents a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 Up 0.5 %

Teradyne stock traded up $0.58 on Tuesday, hitting $111.67. The company's stock had a trading volume of 3,054,933 shares, compared to its average volume of 2,934,307. Teradyne, Inc. has a one year low of $94.64 and a one year high of $163.21. The firm has a market cap of $18.19 billion, a P/E ratio of 33.53, a price-to-earnings-growth ratio of 2.67 and a beta of 1.46. The company has a fifty day moving average price of $125.43 and a 200-day moving average price of $124.37.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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%. Analysts anticipate that Teradyne, Inc. will post 4.02 EPS for the current year.

Teradyne declared that its board has initiated a stock repurchase program on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 0.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.43%. The ex-dividend date is Friday, February 14th. Teradyne's dividend payout ratio is 14.41%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. decreased their price target on shares of Teradyne from $158.00 to $145.00 and set an "overweight" rating for the company in a report on Friday. Cantor Fitzgerald reissued an "overweight" rating and set a $160.00 price objective on shares of Teradyne in a research report on Thursday, January 30th. Robert W. Baird lowered their target price on Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Finally, Susquehanna lifted their price target on Teradyne from $145.00 to $165.00 and gave the stock a "positive" rating in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $143.77.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. boosted its holdings in shares of Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company's stock worth $127,000 after acquiring an additional 88 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Teradyne by 10.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company's stock worth $149,000 after purchasing an additional 103 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Teradyne by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company's stock worth $858,000 after purchasing an additional 104 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Teradyne by 3.1% in the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company's stock valued at $434,000 after buying an additional 105 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in shares of Teradyne by 0.5% in the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company's stock valued at $2,666,000 after buying an additional 108 shares during the last quarter. 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.