Richard John Burns Sells 407 Shares of Teradyne, Inc. (NASDAQ:TER) Stock

Teradyne, Inc. (NASDAQ:TER) insider Richard John Burns sold 407 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the transaction, the insider now directly owns 20,764 shares of the company’s stock, valued at $2,502,269.64. The trade was a 1.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Teradyne Trading Down 5.7 %

NASDAQ TER opened at $115.08 on Friday. 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 $18.74 billion, a price-to-earnings ratio of 34.56, a price-to-earnings-growth ratio of 2.04 and a beta of 1.46. The company has a 50-day moving average price of $125.22 and a two-hundred day moving average price of $125.64.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (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 19.23%. As a group, equities research analysts expect that Teradyne, Inc. will post 4.1 earnings per share for the current fiscal year.

Teradyne declared that its board has authorized 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 reacquire up to 0.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Teradyne Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Teradyne in the 3rd quarter worth $2,221,000. Cerity Partners LLC lifted its holdings in 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 purchasing an additional 5,294 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Teradyne by 17.6% in 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 last quarter. Franklin Resources Inc. raised its stake in shares of Teradyne by 30.5% in the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock worth $11,878,000 after acquiring an additional 20,762 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new stake in shares of Teradyne during the 3rd quarter worth approximately $806,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TER. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $160.00 price target on shares of Teradyne in a report on Thursday. Robert W. Baird reduced their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $145.00 to $158.00 in a report on Monday, December 16th. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $149.31.

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.