Sanjay Mehta Sells 1,789 Shares of Teradyne, Inc. (NASDAQ:TER) Stock

Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta sold 1,789 shares of the 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 $215,592.39. Following the sale, the chief financial officer now owns 33,308 shares in the company, valued at $4,013,947.08. The trade was a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Teradyne Price Performance

NASDAQ TER opened at $115.08 on Friday. Teradyne, Inc. has a fifty-two week low of $92.29 and a fifty-two week high of $163.21. The stock’s 50-day moving average is $125.22 and its two-hundred day moving average is $125.64. The firm has a market cap of $18.74 billion, a P/E ratio of 36.53, a price-to-earnings-growth ratio of 2.25 and a beta of 1.46.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. On average, equities analysts expect that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued 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 dividend payout ratio (DPR) is presently 15.24%.

Teradyne declared that its Board of Directors has approved a share repurchase program on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 0.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Teradyne

Institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. lifted its holdings in shares of Teradyne by 10.2% during the third quarter. Whittier Trust Co. now owns 950 shares of the company’s stock valued at $127,000 after acquiring an additional 88 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in Teradyne by 10.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock valued at $149,000 after purchasing an additional 103 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Teradyne by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after buying an additional 104 shares in the last quarter. GAMMA Investing LLC grew its stake in Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after buying an additional 105 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in shares of Teradyne by 0.5% during the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock worth $2,666,000 after buying an additional 108 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TER has been the topic of several analyst reports. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $145.00 to $158.00 in a report on Monday, December 16th. Robert W. Baird reduced their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Stifel Nicolaus dropped their price target on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Finally, Northland Securities upgraded Teradyne from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $117.00 to $154.00 in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and a consensus target price 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.