Ryan Driscoll Sells 437 Shares of Teradyne, Inc. (NASDAQ:TER) Stock

Teradyne, Inc. (NASDAQ:TER) VP Ryan Driscoll sold 437 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $44,574.00. Following the completion of the sale, the vice president now directly owns 4,312 shares of the company’s stock, valued at approximately $439,824. This trade represents a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 0.6 %

NASDAQ:TER traded up $0.71 during trading hours on Friday, hitting $115.79. 3,706,830 shares of the company’s stock traded hands, compared to its average volume of 2,904,900. The firm has a market cap of $18.86 billion, a P/E ratio of 34.77, a P/E/G ratio of 2.04 and a beta of 1.46. Teradyne, Inc. has a 52 week low of $92.29 and a 52 week high of $163.21. The business’s fifty day simple moving average is $125.22 and its two-hundred day simple moving average is $125.64.

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, beating the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.23% and a net margin of 19.23%. On average, analysts expect that Teradyne, Inc. will post 4.1 EPS for the current year.

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

Teradyne Announces Dividend

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 paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.41%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio is 14.41%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Morgan Stanley lowered Teradyne from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $121.00 to $117.00 in a report on Tuesday, January 21st. Evercore ISI increased their price objective on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. UBS Group reduced their price objective on Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a report on Friday. Finally, Stifel Nicolaus reduced their price objective on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $143.77.

Institutional Investors Weigh In On Teradyne

A number of large investors have recently added to or reduced their stakes in TER. Capital Performance Advisors LLP purchased a new stake in Teradyne during the third quarter valued at about $29,000. Compass Financial Services Inc purchased a new stake in Teradyne during the fourth quarter valued at about $33,000. Quarry LP raised its position in Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after purchasing an additional 169 shares in the last quarter. Manchester Capital Management LLC increased its holdings in shares of Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after buying an additional 227 shares during the period. Finally, Coastline Trust Co purchased a new position in shares of Teradyne in the third quarter worth about $46,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

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.