Insider Selling: Teradyne, Inc. (NASDAQ:TER) VP Sells 107 Shares of Stock

Teradyne, Inc. (NASDAQ:TER) VP Ryan Driscoll sold 107 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $12,894.57. Following the sale, the vice president now owns 4,984 shares in the company, valued at approximately $600,621.84. This represents a 2.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Teradyne Stock Up 0.1 %

NASDAQ TER traded up $0.11 during trading hours on Wednesday, hitting $122.05. 2,737,732 shares of the company were exchanged, compared to its average volume of 2,530,008. The stock has a 50-day moving average price of $125.02 and a 200 day moving average price of $125.71. Teradyne, Inc. has a 52 week low of $92.29 and a 52 week high of $163.21. The stock has a market cap of $19.88 billion, a PE ratio of 38.75, a price-to-earnings-growth ratio of 2.25 and a beta of 1.46.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.12 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.39%. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Teradyne declared that its Board of Directors has initiated a share repurchase plan on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to buy up to 0.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have commented on the company. Robert W. Baird decreased their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Evercore ISI increased their target price on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Morgan Stanley downgraded Teradyne from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $121.00 to $117.00 in a research report on Tuesday, January 21st. Stifel Nicolaus decreased their price objective on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. Finally, Northland Securities raised Teradyne from a “market perform” rating to an “outperform” rating and upped their price target for the company from $117.00 to $154.00 in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Teradyne by 5.4% in the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after buying an additional 350,002 shares during the period. Van ECK Associates Corp raised its position in Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after acquiring an additional 1,846,079 shares in the last quarter. Geode Capital Management LLC raised its position in Teradyne by 5.5% in the third quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock worth $535,484,000 after acquiring an additional 209,868 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Teradyne by 16.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock valued at $355,837,000 after buying an additional 393,175 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Teradyne by 7.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,390,896 shares of the company’s stock valued at $302,582,000 after acquiring an additional 157,838 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

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.