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

Teradyne, Inc. (NASDAQ:TER) VP Ryan Driscoll sold 216 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction 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. The trade was a 2.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

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

Teradyne Stock Up 1.3 %

Shares of Teradyne stock opened at $114.07 on Friday. The business has a fifty day simple moving average of $125.64 and a 200 day simple moving average of $124.21. The stock has a market cap 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 12 month low of $95.80 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last posted its 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 return on equity of 19.08% and a net margin of 19.23%. Analysts expect that Teradyne, Inc. will post 4.02 EPS for the current fiscal year.

Teradyne declared that its Board of Directors has initiated a stock repurchase plan on Monday, November 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

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 issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.42%. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Stifel Nicolaus lowered their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Morgan Stanley cut 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 report on Tuesday, January 21st. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Craig Hallum lowered their price target on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. Finally, Susquehanna upped their price objective on Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $143.77.

Institutional Trading of Teradyne

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

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.