Insider Selling: Teradyne, Inc. (NASDAQ:TER) Insider Sells 407 Shares of Stock

Teradyne, Inc. (NASDAQ:TER) insider Richard John Burns sold 407 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the completion of the transaction, the insider now owns 20,764 shares of the company’s stock, valued at approximately $2,502,269.64. This represents a 1.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Teradyne Stock Up 0.1 %

Shares of NASDAQ:TER opened at $122.05 on Thursday. Teradyne, Inc. has a 52-week low of $92.29 and a 52-week high of $163.21. The stock has a market cap of $19.88 billion, a P/E ratio of 38.75, a PEG ratio of 2.25 and a beta of 1.46. The business has a fifty day moving average of $125.02 and a two-hundred day moving average of $125.71.

Teradyne (NASDAQ:TER) last released 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 18.75% and a return on equity of 18.56%. On average, equities analysts anticipate that Teradyne, Inc. will post 3.17 earnings per share for the current year.

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

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors 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 annualized dividend and a yield of 0.39%. Teradyne’s payout ratio is 15.24%.

Hedge Funds Weigh In On Teradyne

Several large investors have recently modified their holdings of the business. Whittier Trust Co. raised its holdings in Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company’s stock valued at $127,000 after buying an additional 88 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of Teradyne by 10.2% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock valued at $149,000 after acquiring an additional 103 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Teradyne by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after acquiring an additional 104 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Teradyne by 3.1% in the 4th quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after acquiring an additional 105 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its position in shares of Teradyne by 0.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock worth $2,666,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Ratings Changes

TER has been the topic of several recent analyst reports. Evercore ISI increased their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Robert W. Baird dropped their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Susquehanna lifted their price target on shares of Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Finally, StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. One 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 issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $149.31.

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.