Ryan Driscoll Sells 216 Shares of Teradyne, Inc. (NASDAQ:TER) Stock

Teradyne, Inc. (NASDAQ:TER - Get Free Report) VP Ryan Driscoll sold 216 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $24,081.84. Following the transaction, the vice president now directly owns 7,007 shares in the company, valued at $781,210.43. This trade represents a 2.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ryan Driscoll also recently made the following trade(s):

• On Thursday, January 30th, Ryan Driscoll sold 437 shares of Teradyne stock. The shares were sold at an average price of $102.00, for a total transaction of $44,574.00.
• On Tuesday, January 28th, Ryan Driscoll sold 107 shares of Teradyne stock. The stock was sold at an average price of $120.51, for a total transaction of $12,894.57.

Teradyne Price Performance

Shares of Teradyne stock traded down $0.84 on Friday, hitting $113.23. The company had a trading volume of 1,938,209 shares, compared to its average volume of 2,822,617. The stock has a 50-day moving average of $125.71 and a 200-day moving average of $123.73. Teradyne, Inc. has a twelve month low of $95.80 and a twelve month high of $163.21. The firm has a market capitalization of $18.44 billion, a P/E 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 announced its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Equities analysts predict that Teradyne, Inc. will post 3.91 EPS for the current year.

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

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne's payout ratio is 14.41%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TER. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $160.00 price objective on shares of Teradyne in a research note on Thursday, January 30th. Susquehanna lifted their price objective on Teradyne from $145.00 to $165.00 and gave the stock a "positive" rating in a research note on Wednesday, January 22nd. Robert W. Baird cut their target price on Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Morgan Stanley cut 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 report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lowered their price target on 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 issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $143.77.

Institutional Trading of Teradyne

Hedge funds and other institutional investors have recently made changes to their positions in the business. AGF Management Ltd. grew its position in Teradyne by 102.8% in the fourth quarter. AGF Management Ltd. now owns 3,236 shares of the company's stock valued at $407,000 after purchasing an additional 1,640 shares in the last quarter. Inspire Advisors LLC grew its holdings in shares of Teradyne by 341.7% in the 4th quarter. Inspire Advisors LLC now owns 24,664 shares of the company's stock valued at $3,106,000 after acquiring an additional 19,080 shares in the last quarter. Citizens Financial Group Inc. RI increased its position in shares of Teradyne by 5.8% in the fourth quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company's stock valued at $283,000 after acquiring an additional 124 shares during the last quarter. Channing Capital Management LLC raised its holdings in Teradyne by 10.2% during the fourth quarter. Channing Capital Management LLC now owns 89,737 shares of the company's stock worth $11,300,000 after acquiring an additional 8,291 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Teradyne by 11.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 24,170 shares of the company's stock valued at $3,043,000 after purchasing an additional 2,390 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

About Teradyne

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.