Insider Selling: Teradyne, Inc. (NASDAQ:TER) VP Sells $12,894.57 in Stock

Teradyne, Inc. (NASDAQ:TER) VP Ryan Driscoll sold 107 shares of Teradyne stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $12,894.57. Following the sale, the vice president now directly owns 4,984 shares in the company, valued at $600,621.84. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 value of $44,574.00.

Teradyne Trading Up 0.6 %

Teradyne stock opened at $115.79 on Friday. Teradyne, Inc. has a 1 year low of $92.29 and a 1 year high of $163.21. The company’s 50-day moving average is $125.37 and its two-hundred day moving average is $125.34. The company has a market cap of $18.86 billion, a PE ratio of 34.77, a PEG ratio of 2.04 and a beta of 1.46.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share 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%. Research analysts forecast that Teradyne, Inc. will post 4.1 EPS for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.41%. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Teradyne declared that its board has authorized a stock repurchase plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Teradyne

Several institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC increased its position in shares of Teradyne by 40.2% in the 2nd quarter. AQR Capital Management LLC now owns 80,902 shares of the company’s stock valued at $11,997,000 after buying an additional 23,178 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Teradyne by 5.5% in the second quarter. The Manufacturers Life Insurance Company now owns 96,318 shares of the company’s stock valued at $14,283,000 after acquiring an additional 4,993 shares during the period. Magnolia Capital Advisors LLC acquired a new position in Teradyne in the second quarter valued at about $246,000. Creative Planning increased its holdings in shares of Teradyne by 17.0% in the second quarter. Creative Planning now owns 16,848 shares of the company’s stock worth $2,498,000 after acquiring an additional 2,451 shares in the last quarter. Finally, Quarry LP raised its position in shares of Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after purchasing an additional 169 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TER shares. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. JPMorgan Chase & Co. reduced their price target on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday. Robert W. Baird dropped their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, Northland Securities dropped their price target on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a report on Friday. 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 given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.77.

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.