Teradyne, Inc. (NASDAQ:TER) VP Ryan Driscoll Sells 216 Shares

Teradyne, Inc. (NASDAQ:TER) VP Ryan Driscoll sold 216 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $24,081.84. Following the sale, the vice president now directly owns 7,007 shares of the company’s stock, valued at approximately $781,210.43. This represents a 2.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ryan Driscoll also recently made the following trade(s):

• On Thursday, January 30th, Ryan Driscoll sold 437 shares of Teradyne stock. The shares were sold at an average price of $102.00, for a total transaction of $44,574.00.
• On Tuesday, January 28th, Ryan Driscoll sold 107 shares of Teradyne stock. The stock was sold at an average price of $120.51, for a total transaction of $12,894.57.

Teradyne Stock Down 0.7 %

NASDAQ TER opened at $113.23 on Friday. Teradyne, Inc. has a fifty-two week low of $95.80 and a fifty-two week high of $163.21. The business has a fifty day moving average of $125.71 and a 200-day moving average of $123.93. The stock has a market cap of $18.44 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 2.70 and a beta of 1.45.

Teradyne (NASDAQ:TER) last released its 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 net margin of 19.23% and a return on equity of 19.08%. As a group, analysts anticipate that Teradyne, Inc. will post 3.91 EPS for the current year.

Teradyne Announces Dividend

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

Teradyne announced that its board has initiated a stock repurchase program 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 programs are typically a sign that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Teradyne

A number of hedge funds and other institutional investors have recently made changes to their positions in TER. Czech National Bank increased its stake in shares of Teradyne by 11.7% during the 3rd quarter. Czech National Bank now owns 33,240 shares of the company’s stock valued at $4,452,000 after acquiring an additional 3,492 shares during the last quarter. GAMMA Investing LLC increased its position in Teradyne by 45.4% during the third quarter. GAMMA Investing LLC now owns 3,340 shares of the company’s stock worth $447,000 after purchasing an additional 1,043 shares during the last quarter. Fulton Bank N.A. increased its position in Teradyne by 19.1% during the third quarter. Fulton Bank N.A. now owns 3,052 shares of the company’s stock worth $409,000 after purchasing an additional 489 shares during the last quarter. Mather Group LLC. raised its stake in Teradyne by 23.2% during the third quarter. Mather Group LLC. now owns 993 shares of the company’s stock worth $133,000 after purchasing an additional 187 shares during the period. Finally, Chesley Taft & Associates LLC boosted its holdings in shares of Teradyne by 1.6% in the 3rd quarter. Chesley Taft & Associates LLC now owns 13,665 shares of the company’s stock valued at $1,830,000 after purchasing an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TER shares. Morgan Stanley downgraded Teradyne from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $121.00 to $117.00 in a research note on Tuesday, January 21st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $160.00 price objective on shares of Teradyne in a research report on Thursday, January 30th. Susquehanna boosted their target price on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, KeyCorp decreased their price objective on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. One investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.