Sanjay Mehta Sells 1,384 Shares of Teradyne, Inc. (NASDAQ:TER) Stock

Teradyne, Inc. (NASDAQ:TER) 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 value of $154,302.16. Following the completion of the sale, the chief financial officer now owns 36,576 shares of the company’s stock, valued at approximately $4,077,858.24. This trade represents a 3.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 value of $62,628.00.
• On Tuesday, January 28th, Sanjay Mehta sold 1,789 shares of Teradyne stock. The stock was sold at an average price of $120.51, for a total value of $215,592.39.

Teradyne Price Performance

Teradyne stock traded up $1.07 during trading hours on Wednesday, reaching $112.74. The company had a trading volume of 1,013,787 shares, compared to its average volume of 2,848,604. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of 33.83, a P/E/G ratio of 2.67 and a beta of 1.45. The company has a 50-day moving average price of $125.43 and a 200 day moving average price of $124.37. Teradyne, Inc. has a 12-month low of $95.80 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. As a group, research analysts expect that Teradyne, Inc. will post 4.02 earnings per share for the current year.

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

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Hedge Funds Weigh In On Teradyne

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Teradyne in the third quarter valued at approximately $2,221,000. Cerity Partners LLC increased its holdings in Teradyne by 87.1% in the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after acquiring an additional 5,294 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Teradyne by 17.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock worth $10,325,000 after buying an additional 11,541 shares during the last quarter. Franklin Resources Inc. raised its stake in Teradyne by 30.5% in the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock valued at $11,878,000 after purchasing an additional 20,762 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. purchased a new position in Teradyne in the 3rd quarter worth approximately $806,000. Institutional investors own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TER has been the topic of several research reports. Craig Hallum cut their price objective on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Cantor Fitzgerald restated an “overweight” rating and set a $160.00 target price on shares of Teradyne in a research report on Thursday, January 30th. KeyCorp decreased their target price on Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Stifel Nicolaus dropped their target price on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Finally, Morgan Stanley downgraded Teradyne from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $121.00 to $117.00 in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $143.77.

Teradyne Company Profile

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.