Teradyne, Inc. (NASDAQ:TER – Get Free Report) CFO Sanjay Mehta sold 1,384 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 transaction of $154,302.16. Following the sale, the chief financial officer now owns 36,576 shares of the company’s stock, valued at $4,077,858.24. This represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Sanjay Mehta also recently made the following trade(s):
- On Thursday, January 30th, Sanjay Mehta sold 614 shares of Teradyne stock. The shares were sold at an average price of $102.00, for a total transaction of $62,628.00.
- On Tuesday, January 28th, Sanjay Mehta sold 1,789 shares of Teradyne stock. The shares were sold at an average price of $120.51, for a total transaction of $215,592.39.
Teradyne Stock Performance
Shares of TER stock opened at $112.61 on Thursday. Teradyne, Inc. has a one year low of $95.80 and a one year high of $163.21. The company’s 50-day moving average is $125.52 and its 200 day moving average is $124.28. The company has a market capitalization of $18.34 billion, a price-to-earnings ratio of 33.82, a price-to-earnings-growth ratio of 2.67 and a beta of 1.45.
Teradyne announced that its Board of Directors has approved a stock buyback plan on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 0.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.
Teradyne Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.12 per share. 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 (DPR) is 14.41%.
Institutional Trading of Teradyne
Several institutional investors have recently bought and sold shares of TER. Capital Performance Advisors LLP bought a new position in Teradyne during the 3rd quarter valued at about $29,000. Compass Financial Services Inc bought a new position in Teradyne during the 4th quarter valued at about $33,000. Manchester Capital Management LLC lifted its stake in Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after acquiring an additional 227 shares during the period. Coastline Trust Co bought a new position in Teradyne during the 3rd quarter valued at about $46,000. Finally, Brooklyn Investment Group bought a new position in shares of Teradyne in the 3rd quarter worth approximately $52,000. 99.77% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have commented on TER shares. Evercore ISI upped their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. UBS Group decreased their price objective on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a report on Friday, January 31st. Cantor Fitzgerald restated an “overweight” rating and issued a $160.00 price objective on shares of Teradyne in a report on Thursday, January 30th. Susquehanna upped their price objective on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and an average price target of $143.77.
Read Our Latest Stock Report on Teradyne
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.
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