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 firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 36,576 shares in the company, valued at $4,077,858.24. The trade was a 3.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 Price Performance

Shares of TER opened at $114.07 on Friday. The company’s fifty day moving average price is $125.64 and its 200 day moving average price is $124.21. Teradyne, Inc. has a one year low of $95.80 and a one year high of $163.21. The company 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 (NASDAQ:TER) last posted its quarterly earnings data 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%. Analysts anticipate that Teradyne, Inc. will post 4.02 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.42%. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Teradyne declared that its board has approved a share buyback plan on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Teradyne

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Teradyne in the third quarter valued at about $2,221,000. Cerity Partners LLC lifted its position in shares of Teradyne by 87.1% during the third quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after purchasing an additional 5,294 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Teradyne by 17.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock worth $10,325,000 after purchasing an additional 11,541 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Teradyne by 30.5% during the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock worth $11,878,000 after purchasing an additional 20,762 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its position in shares of Teradyne by 3.3% during the fourth quarter. Boston Trust Walden Corp now owns 408,177 shares of the company’s stock worth $51,398,000 after purchasing an additional 13,020 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on TER shares. Morgan Stanley lowered shares of Teradyne from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $121.00 to $117.00 in a research note on Tuesday, January 21st. KeyCorp lowered their price objective on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. UBS Group lowered their price objective on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus decreased their price target on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Finally, StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus 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.