Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta Sells 6,153 Shares of Stock

Teradyne, Inc. (NASDAQ:TER) CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total transaction of $818,718.18. Following the sale, the chief financial officer now directly owns 35,834 shares in the company, valued at approximately $4,768,072.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Teradyne Trading Down 3.1 %

TER stock opened at $131.20 on Friday. The stock has a market cap of $20.48 billion, a P/E ratio of 49.89, a PEG ratio of 2.73 and a beta of 1.50. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $163.21. The company’s 50 day moving average is $140.24 and its two-hundred day moving average is $123.96.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The firm had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. During the same period last year, the business earned $0.79 EPS. Teradyne’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities research analysts predict that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 5th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.37%. Teradyne’s dividend payout ratio (DPR) is 18.25%.

Institutional Investors Weigh In On Teradyne

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TER. Norges Bank purchased a new stake in shares of Teradyne in the fourth quarter valued at about $188,873,000. Van ECK Associates Corp raised its stake in Teradyne by 26.9% during the 4th quarter. Van ECK Associates Corp now owns 4,361,091 shares of the company’s stock valued at $473,265,000 after acquiring an additional 923,612 shares during the last quarter. Boston Partners lifted its position in Teradyne by 23.2% during the 4th quarter. Boston Partners now owns 2,896,349 shares of the company’s stock worth $314,324,000 after acquiring an additional 544,482 shares during the period. KBC Group NV grew its stake in shares of Teradyne by 1,544.3% in the 4th quarter. KBC Group NV now owns 473,221 shares of the company’s stock valued at $51,354,000 after purchasing an additional 444,442 shares during the last quarter. Finally, Swedbank AB increased its holdings in shares of Teradyne by 198.8% in the second quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after purchasing an additional 426,900 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Craig Hallum downgraded shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 target price on the stock. in a research note on Friday, July 26th. Citigroup reduced their price objective on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. KeyCorp lifted their target price on Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Robert W. Baird upped their price target on Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Finally, UBS Group lifted their price objective on Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Teradyne presently has a consensus rating of “Hold” and a consensus price target of $141.50.

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.