Teradyne, Inc. (NASDAQ:TER - Get Free Report) VP Ryan Driscoll sold 107 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $12,894.57. Following the sale, the vice president now directly owns 4,984 shares in the company, valued at approximately $600,621.84. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Teradyne Trading Up 0.1 %
Teradyne stock opened at $122.05 on Thursday. The company has a market capitalization of $19.88 billion, a PE ratio of 38.75, a P/E/G ratio of 2.25 and a beta of 1.46. The stock has a 50-day moving average price of $125.02 and a two-hundred day moving average price of $125.71. Teradyne, Inc. has a 12 month low of $92.29 and a 12 month high of $163.21.
Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. As a group, analysts predict that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.
Teradyne Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.39%. Teradyne's dividend payout ratio (DPR) is presently 15.24%.
Teradyne announced that its board has authorized a share buyback plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of TER. Van ECK Associates Corp increased its stake in shares of Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after buying an additional 1,846,079 shares during the period. Assenagon Asset Management S.A. increased its position in Teradyne by 1,767.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company's stock valued at $116,233,000 after purchasing an additional 873,626 shares during the period. Alkeon Capital Management LLC raised its holdings in Teradyne by 189.6% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company's stock worth $153,218,000 after purchasing an additional 749,003 shares during the last quarter. Holocene Advisors LP acquired a new position in shares of Teradyne in the 3rd quarter worth approximately $91,129,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Teradyne by 16.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company's stock valued at $355,837,000 after purchasing an additional 393,175 shares during the last quarter. 99.77% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on TER shares. StockNews.com upgraded shares of Teradyne from a "sell" rating to a "hold" rating in a research note on Sunday, October 27th. Northland Capmk upgraded shares of Teradyne from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Robert W. Baird lowered their price objective on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. raised Teradyne from a "neutral" rating to an "overweight" rating and raised their target price for the company from $145.00 to $158.00 in a report on Monday, December 16th. Finally, Northland Securities raised Teradyne from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $117.00 to $154.00 in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $149.31.
Check Out Our Latest Analysis on Teradyne
About Teradyne
(
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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.
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