Richard John Burns Sells 445 Shares of Teradyne, Inc. (NASDAQ:TER) Stock

Teradyne, Inc. (NASDAQ:TER) insider Richard John Burns sold 445 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the sale, the insider now owns 25,191 shares in the company, valued at $2,808,544.59. This trade represents a 1.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Richard John Burns also recently made the following trade(s):

• On Tuesday, January 28th, Richard John Burns sold 407 shares of Teradyne stock. The stock was sold at an average price of $120.51, for a total value of $49,047.57.

Teradyne Stock Performance

Shares of Teradyne stock opened at $114.07 on Friday. The stock has a market capitalization of $18.58 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 2.67 and a beta of 1.45. Teradyne, Inc. has a 52 week low of $95.80 and a 52 week high of $163.21. The stock has a 50 day moving average price of $125.64 and a two-hundred day moving average price of $124.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) 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 19.08%. Research analysts forecast that Teradyne, Inc. will post 4.02 EPS for the current year.

Teradyne Announces Dividend

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

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price target 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. Craig Hallum lowered their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Susquehanna lifted their price objective on Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley lowered Teradyne from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $121.00 to $117.00 in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, three have given 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.77.

Institutional Trading of Teradyne

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TER. State Street Corp lifted its holdings in shares of Teradyne by 5.4% in the third quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after purchasing an additional 350,002 shares in the last quarter. Van ECK Associates Corp lifted its stake in Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after acquiring an additional 1,846,079 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Teradyne by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock worth $535,484,000 after acquiring an additional 209,868 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Teradyne by 16.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock worth $355,837,000 after acquiring an additional 393,175 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Teradyne by 7.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,390,896 shares of the company’s stock worth $302,582,000 after acquiring an additional 157,838 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

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.